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Home Gulf News

Abu Dhabi: Yas Canal Residential Project Authorized for Dh3.5 Billion

March 26, 2024
in Gulf News, Abu Dhabi, UAE
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Abu Dhabi: Yas Canal Residential Project Authorized for Dh3.5 Billion

The Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, has approved the Yas Canal residential project at Al Raha Beach. The Dh3.5 billion project, managed by the Abu Dhabi Housing Authority in collaboration with the Abu Dhabi Centre for Projects and Infrastructure and the ICT Real Estate Development Company, will comprise 1,146 residential villas for UAE nationals and should be finished in the final quarter of 2027.

Sheikh Khaled emphasized that the residential project reflects the leadership’s dedication to providing Abu Dhabi’s Emirati families with high-quality housing tailored to their needs, ensuring their general well-being and quality of life, and promoting social stability to support the emirate’s continued development.

ICT Real Estate Development Company oversees the design, construction, and infrastructure for the Yas Canal residential project, a public-private partnership overseen by the Abu Dhabi Centre for Projects and Infrastructure. The Abu Dhabi Housing Authority and the sales of residential units allotted to UAE nationals are managed jointly.

The 1.8 square kilometers Yas Canal residential complex has 10,000 square meters of businesses and amenities spread between three mosques, a school, a gym, and villas. On plots ranging from 600 to 780 square meters, the project provides three- to six-bedroom villas with sizes between 350 and 525 square meters.

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