Apartments for sale in Yas Island: 738 apartments with residence permit

Apartments for sale in Yas island with a residency permit

Apartments and flats for sale in Yas Island are becoming extremely popular for the far-sighted approach of the Abu Dhabi government to developing the emirate's infrastructure and increasing its investment potential. Thanks to the thriving entertainment industry, modern residential complexes, transport accessibility, economic growth and a variety of attractions, purchasing apartments for sale in Yas Island, UAE, opens up numerous opportunities for foreigners.

Whether the buyer is looking for a stable rental income, capital gains or a first-class lifestyle, the local real estate market is home to various flats for sale in Yas Island at the best prices. The community offers over 2,500 properties in diverse configurations and designs. Residential complexes have a well-developed infrastructure, which may include such amenities and services as:

swimming pools for adults and children;
a gym;
outdoor sports areas;
a sauna;
a spa complex;
massage rooms;
children’s playgrounds;
barbecue areas;
recreation spaces with free Wi-Fi;
a library;
a cigar lounge;
coworking;
a restaurant;
round-the-clock security;
a video surveillance system;
a smart home system;
a concierge service;
valet parking services.

Residence permit in UAE by buying apartment in Yas Island

Foreigners can get a residence permit in the UAE by buying an apartment in Yas Island. What you need to know before participating in the state's immigration programme:

the lowest cost of apartments in Yas Island to obtain a 2-year residence permit must be AED 750,000 ($205,000), and you need to spend AED 2 million ($545,000) to receive a 10-year residence permit;
the application may include the investor's spouse, unmarried daughters of any age, unmarried sons under 25 and staff;
if an investor wants to issue a 2-year permit for themselves and dependent applicants, they must buy a flat in Yas Island worth from AED 1 million ($273,000);
applicants for a 10-year resident card can purchase a ready-to-move or off-plan overseas property;
programme participants can use an interest-free instalment plan with an initial payment of at least 50% of the cost of the apartment for sale in Yas Island;
the residence permit can be extended as long as the main applicant owns their property in the UAE.

Investment apartment in Yas Island

The reasons why foreigners choose apartments in Yas Island for investment:

Developed entertainment industry. The area is a popular destination for leisure and recreation, as it is full of various world-class entertainment venues such as the Yas Marina Circuit, which hosts the Formula 1 Grand Prix. In addition, there is the world's largest indoor theme park, an aquapark, fine restaurants, bars and nightclubs. Buying an investment apartment in Yas Island opens up access to a strong tourist market and a constant influx of holidaymakers, which guarantees high demand for hospitality services and stable rental income.
Transport accessibility. The island’s strategic location provides residents with excellent access to other areas of the capital. It is a short drive away from the international airport and the main highways. The rapidly developing Etihad Rail project will connect the community with other country’s key locations, which will make local real estate more attractive to buyers and tenants.
Economic growth and development. The desire of the local government to diversify the economy and position the emirate as a global business and leisure centre has led to significant investments and the development of promising projects in the community. New commercial and retail spaces are constantly appearing in the district, which attract international brands and companies. Investors in flats in Yas Island become part of this thriving business environment and open up opportunities to receive high yields.

These factors ensure a steady increase in apartment prices in Yas Island, so that investors can expect significant profits from resale. Moreover, local real estate is great to run a rental business. The average ROI in studios is 6.86% per annum. A 1-bedroom apartment in Yas Island with a residency permit can bring 6.21%, and 2-, 3-, 4- and 5-bedroom housing units — 6.07%, 5.81%, 8.5% and 4.35%, respectively.

FAQ

Can a foreigner buy an apartment in Yas Island?

Foreigners are allowed to purchase flats and villas in the UAE only in special areas designated as freehold zones. The island is one of them, so overseas investors can own their local housing indefinitely, sell it, lease it, pass it on, modify it, etc.

How to get a residence permit in the UAE for buying an apartment in Yas Island?

To participate in the national programme, a foreigner must invest in real estate in the UAE the amount corresponding to the validity period of the residence permit they seek, complete a medical check at an approved Emirati clinic, give biometric information and submit required paperwork to immigration authorities.

What is the lowest cost of an apartment in Yas Island to obtain a UAE residence permit?

A foreigner applying for a 2-year residence permit in the UAE through a property investment must invest at least AED 750,000 ($205,000) in real estate. If their family members and staff are included in the application, the lowest investment amount will be AED 1 million ($273,000). To obtain a 10-year resident status, you need to buy an apartment in Yas Island and get a residence permit. In this case, the real estate price must be at least AED 2 million ($545,000).

In which part of the district is it more profitable to buy an apartment in Yas Island?

Foreigners wishing to acquire properties in the community profitably should pay attention to projects offering easy access to the beach and popular leisure and recreational areas located nearby.