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Tag: Yas Island

  • UAE Real Estate Records AED6 Billion Yas Island Sale in March 2026

    UAE Real Estate Records AED6 Billion Yas Island Sale in March 2026

    The UAE’s property market continued to strengthen its position as a premier global real estate destination throughout March 2026, driven by record-breaking demand, rapid project launches, and sustained investor confidence across all major emirates.

    Abu Dhabi led the performance surge with the Yas Island project achieving AED6 billion ($1.63 billion) in sales, with all units selling out within 72 hours of launch. The exceptional sales velocity reflects the continued appetite for premium residential developments in the capital.

    Dubai’s market maintained robust activity, with AED10 billion in transactions completed within a single 10-day period. The emirate also recorded the third-highest residential deal in its history, with a luxury apartment transaction valued at AED422 million ($114.9 million), underscoring continued demand at the ultra-high-end segment.

    Sharjah’s property sector experienced remarkable growth during Ramadan, with transactions surging 72% to reach AED4.6 billion, demonstrating the emirate’s growing appeal among investors and end-users alike.

    The accelerating pace of developments and the growth in transactions across all three emirates illustrate the durability of the UAE property market and its international status as a dependable long-term investment location. Industry observers note that the consistent volume of fresh development launches and ongoing construction activity throughout March 2026 reflects both developer confidence and sustained buyer demand.

    Market trends observed during the period include record-breaking demand across residential segments, strong investor confidence despite regional uncertainties, and rapid project launches meeting immediate market absorption. The performance across specific regions highlights the diversification of investment flows beyond Dubai, with Abu Dhabi and Sharjah capturing significant market share.

    The sustained momentum in the UAE’s property sector aligns with broader economic fundamentals, including population growth, infrastructure development, and the country’s position as a safe haven for international capital. The off-plan segment continues to drive activity, supported by competitive pricing and flexible payment plans offered by developers.

    As the market enters the second quarter of 2026, the strong performance in March sets a positive trajectory for continued growth, with several major project launches anticipated across all emirates in the coming months.

  • Ohana Development Records Dh6 Billion in Sales Within 72 Hours

    Ohana Development Records Dh6 Billion in Sales Within 72 Hours

    The sales performance of Manchester City Yas Residences by Ohana marks one of the strongest project launches in Abu Dhabi’s real estate history, with the waterfront community on Yas Canal achieving the record figure between March 14 and March 17, 2026.

    Investors formed queues at the sales launch, reflecting exceptional demand for the project. The buyer profile shows 35% Emirati nationals and 65% expatriate and international investors, demonstrating broad appeal across market segments.

    “We would like to express our sincere appreciation to the UAE government and its visionary leadership for fostering a stable and forward-looking investment environment,” said Husein Salem, CEO of Ohana Development. “This strong foundation continues to strengthen confidence among investors and developers, supporting the resilience and growth of Abu Dhabi’s thriving real estate sector, despite any evolving circumstances.”

    Salem added that the strong response and sales record in just 72 hours reflects continued trust from investors locally and internationally, as well as the appeal of the project’s unique offering in the emirate.

    In response to the significant interest, Ohana Development is expected to release additional inventory from the project soon.

    The development spans 1.67 million square meters, with more than 55% of the masterplan dedicated to landscaped gardens and green spaces. Designed around sport and active living, the community will feature integrated training and recovery facilities, alongside a waterfront promenade with retail, dining and lifestyle destinations.

    Manchester City Yas Residences will include a marina sports club with water sports activities, as well as resort-style amenities including fitness facilities and pools.

    The sales achievement comes as Abu Dhabi’s property market recorded strong weekly sales in early March 2026, demonstrating sustained investor confidence. The UAE capital has been accelerating its development pipeline, with nearly 75 million square meters approved in 2025, marking a 137% year-on-year increase.

    The record-breaking launch underscores Abu Dhabi’s growing appeal as a premium residential destination, particularly for branded developments that combine lifestyle amenities with strategic locations on the emirate’s most sought-after addresses.