Aldar Properties has announced a major new waterfront project on Yas Island in Abu Dhabi. The company plans to invest Dh6 billion, about $1.63 billion, in the new Aldar Yas Point Development. The project is designed to strengthen Abu Dhabi’s position as a leading place to live, visit, and invest.
The new community will cover about 600,000 square meters on the northern side of Yas Island. It will include luxury homes, hospitality, education, shopping, dining, and outdoor attractions. Once complete, the development is expected to welcome around 5,000 residents.
A key part of the project is the construction of 1,600 branded residences. These homes will offer modern waterfront living with easy access to many of Yas Island’s popular attractions. The community will also feature a five-star resort that is expected to attract both local and international visitors.
The development will include an international school to serve families living in the area. New retail stores, restaurants, cafes, and leisure facilities are also planned. Dedicated spaces for watersports and outdoor activities will help create a lively waterfront destination.
Yas Point will be located close to several major entertainment projects. It sits near the planned Sphere Abu Dhabi and the future Disneyland Abu Dhabi resort. Its location gives residents and visitors easy access to some of the city’s biggest tourism and entertainment destinations.
Aldar has not yet announced when construction will begin or when the first homes will be handed over to buyers. More details about the development schedule are expected in the future.
Company leaders say the project supports Abu Dhabi’s long-term vision for growth. The goal is to create communities that attract residents, visitors, businesses, and investors from around the world.
The project also expands the range of lifestyle experiences available on Yas Island. New residential, hospitality, and leisure options are expected to increase the island’s appeal as one of the UAE’s top destinations.
Abu Dhabi’s real estate market has remained strong in recent years. Demand for quality homes continues to grow as more local and international buyers invest in the emirate. Large development projects have continued despite periods of global economic uncertainty.
The local property market has also received support from government policies. Last month, the Abu Dhabi Real Estate Centre announced that rents for residential, commercial, and industrial properties will remain unchanged until further notice in most parts of the emirate. The decision is intended to provide greater market stability.
Yas Island is one of Aldar’s most important development areas. The company has already completed several successful residential and commercial projects there. Other major destinations in its portfolio include Saadiyat Island and Al Raha Beach.
Last year, Aldar announced additional projects on Yas Island and Al Shamkha. Those developments have a combined value of Dh3.8 billion and include residential, commercial, and logistics facilities located near Zayed International Airport.
The company says Yas Point will continue to grow over time. Future phases are expected to introduce more homes, hotels, and lifestyle attractions as demand increases. This long-term approach aims to create a complete waterfront community that continues to evolve for many years.
Aldar is also working with government partners on new housing developments across Abu Dhabi. Earlier this year, the company announced plans to cooperate with the Department of Municipalities and Transport on several residential projects, including a new community on Al Mihsinah Island off the emirate’s northern coast.
The developer has continued to report strong business performance. During the first quarter of the year, Aldar recorded a 24 percent increase in annual profit, supported by rising home sales and continued buyer demand.
The company is also expanding beyond Abu Dhabi. Earlier this year, it announced plans for around 14,000 new homes across two major developments in Dubai, with a total gross development value exceeding Dh38 billion.
The Aldar Yas Point Development reflects the company’s continued investment in large-scale communities that combine housing, tourism, hospitality, education, and recreation. As Yas Island continues to expand, the project is expected to play an important role in supporting Abu Dhabi’s growth as a global destination for lifestyle, business, and long-term investment.
