Would you live on an island with a Formula One race circuit and Disney theme park? Well, if you answered yes, you’re not alone.
Yas Island, long-established as the home of the Abu Dhabi Grand Prix, is known across the United Arab Emirates as an entertainment hub. Its reputation as a vibrant, family-friendly destination is further cemented with the recent announcement of a landmark Disney theme park—the first in the Middle East.
Evidently, Yas Island is also a coveted place to live. Waldorf Astoria Residences Yas, the first-ever branded residential development on the island, broke records as one of the fastest-selling properties by Aldar, the leading real-estate developer in Abu Dhabi.
Each of the 133 residences, priced at AED 3.8 million price per unit, were sold in 24 hours—an amazing feat for any new product, let alone a property. Since it launched on May 22, it has already generated AED 850 million in sales.
What’s the appeal? Firstly, the high-end development is on a quieter side of Yas Island and offers sweeping views of the Yas Links Golf Course as well as the Yas Marina Circuit. The new Waldorf Astoria Residences Yas will have three buildings, which are being designed according to biophilic principles by Nordic Office Architects.
Aldar is also committed to a more sustainable approach, employing low carbon concrete and steel during construction. It also aims to create homes that are 35% more energy efficient and 45% more water efficient when compared to similar developments.
The furnished homes, which include one-to-three-bed apartments, one-bed duplexes, and four-bed ultra-luxurious penthouses, will have interiors that speak of the signature glamor associated with the Waldorf Astoria brand.
The cherry on top? Luxury amenities and services including a residents’ lounge, spa and wellness facilities, as well as a 24/7 personal concierge.
Interestingly, the future homeowners of Waldorf Astoria Residences Yas are a global group, with international buyers largely from the UK and China making up 76% of the sales.
Majority of the buyers are Xennials—individuals born between the late 1970s and early 1980s that sit on the cusp of Generation X and the Millennials—with 66% under the age of 45.