Abu Dhabi, UAE: Abu Dhabi-based real estate developer, Aldar Properties has announced launching Yas Acres – a residential development valued at AED six billion, which will add 1,315 villas on the northern shores of Yas Island, and will be home to 15,000 residents, upon completion.

The golf and waterfront development, the announcement said, is inspired by the concept of Yas Island Living and, includes landscaped parks, a club house, mosques, yacht club, marina, sports facilities, a retail centre, schools and a full-service ADNOC petrol station. The property, the announcement added, is available for purchase by all nationalities.

Prices for three-bedroom town houses, Aldar informed, will start at AED 2.9 million. “Royal Oak”, Aldar added, which comprises four-, five- and six-bedroom luxury villas with golf, park and sea views, are one of the largest in the development, and will sit on the northern shores of the island.

Commenting on the launch of Yas Acres, Abubaker Seddiq Al Khoori, Chairman, Aldar Properties, said: “Abu Dhabi’s economic fundamentals remain solid, built upon a long-term vision for economic diversification. In order to play a key role in our Emirate’s growth plans, this AED six billion development is a clear example of Aldar committing to the delivery of only the highest-quality homes to the market. Through this, we can improve the quality of life of our customers, while also contributing to the local economy.”

Mohamed Khalifa Al Mubarak, Chief Executive Officer, Aldar Properties, said that the new development is exciting for those who aspire to live in a home with luxurious lifestyle amenities that defines Yas Island living. “Yas Island,” Al Mubarak said, “is a recognised centre for entertainment and leisure, and combined with the growing number of villas and apartments, I am confident that it will be the most desirable address in the Emirate.”