Villa in Yas Island for a residency permit
Yas Island, a man-made island in Abu Dhabi, UAE, is one of the most sought-after locations for purchasing property. Here, you can discover numerous villas and mansions for sale that not only provide luxurious living but also offer the opportunity to obtain a golden investor visa. This community has been developed as a premier destination for both leisure and lifestyle, with each home characterised by high-quality construction, modern design and access to a range of amenities.
Property prices vary depending on their location, size and the level of amenities. For example, a two-bedroom house for sale in Yas Island starts at USD 450,000. Larger mansions with five to seven bedrooms are significantly more expensive and there are many available. Developments such as West Yas and Yas Acres feature luxurious villas with sea views and access to numerous facilities. Homes in these communities are equipped with modern security systems, swimming pools, gardens and spacious terraces.
This resort area is regarded as one of the most prestigious and renowned in the UAE's capital. With its diverse range of attractions, a well-developed tourism sector and unique opportunities to purchase cottages and luxury apartments in the UAE, this region is an ideal choice for both relocation and investment. Buying property during the construction phase can yield profits of up to 30% if invested early. For those interested in long-term investment and rental income, you can anticipate an annual rental yield of no less than 6%.
Investing in villas for sale on Yas Island presents a promising and profitable opportunity. The area is home to renowned attractions such as Ferrari World, Waterworld and the Marina Circuit, making it a popular destination for both tourists and UAE residents. Additionally, purchasing a villa for sale in Yas Island provides the added benefit of obtaining a UAE residence permit.
Residence permit in UAE by buying house on Yas Island
Obtaining a residence permit in the UAE through real estate is one of the most appealing aspects for foreign investors. In Abu Dhabi, you can qualify for a five-year residence permit by purchasing a property valued at over AED 2 million (USD 545,000).
The process of obtaining a residence permit in the UAE through property investment involves several steps:
- Choose and purchase a property that meets the programme's requirements. The property must be located in one of the city’s freehold zones; this district meets this criterion;
- Gather documents. You’ll need to provide all necessary paperwork, including the sales contract, proof of payment and identification documents;
- Submit your application for the residence permit. The applicant submits the request to government authorities independently;
- Wait for a decision. Once the application has been reviewed and approved, the foreign investor will receive a residence permit, allowing them and their family to live in the UAE and enjoy the benefits of residency, including access to healthcare and educational institutions.
The average processing time for a resident card is between two to eight weeks. The residence permit under the "Golden Visa" programme is valid for five years and can be extended for the same duration if the programme's requirements are met. With a residence permit, the investor gains the ability to establish their own business in the UAE and enjoy tax benefits.
Investment house in Yas Island
Abu Dhabi is one of the most popular regions for buying and renting property in the UAE. Recent market statistics indicate positive growth trends. In the second quarter of 2024, apartment prices in Abu Dhabi rose by 62% year-over-year, while villa prices increased by 39%. The cost of standalone houses has grown by 10% over the past year, driven by high demand in elite areas such as Yas Acres. Research shows that the majority of newly commissioned housing is concentrated on the Yas and Reem Islands.
The increasing appeal of Yas Island for expats is also contributing to rising rental rates. A consulting study revealed a 10% annual increase in villa rental prices across the emirate, with Yas Acres experiencing one of the highest community-specific increases at 13%. Overall, the area leads with an average rental growth of 15 across all property types.
Therefore, investing in this market presents numerous benefits, including high rental returns, property value appreciation, no taxes and the opportunity to obtain a residence permit.