Investing in Gardenia Bay on Yas Island can offer promising returns, given the trends in property appreciation and the development dynamics of the area. Here’s a breakdown:

1. Historical Property Appreciation on Yas Island

Over the past decade, Yas Island has emerged as one of Abu Dhabi’s most sought-after locations for both investors and residents. Properties on Yas Island have seen consistent appreciation due to several factors:

• Infrastructure Development: Continuous improvements and expansions, such as new roadways, public transportation links, and community amenities, have enhanced the island’s accessibility and livability.
• Proximity to Attractions: Being close to major attractions like Ferrari World, Yas Waterworld, and Yas Mall increases the desirability of properties, driving up demand and prices.
• High-Quality Developments: Yas Island is known for its high-end residential communities like Yas Acres, West Yas, and Ansam, which have appreciated by 5-8% annually over the last few years, depending on the specific development and market conditions.

2. Market Trends in Similar Developments

Gardenia Bay, being a premium development, can be compared to other high-end residential projects on Yas Island and nearby areas such as Saadiyat Island. These areas have historically shown strong ROI due to:

• High Rental Yields: Properties on Yas Island have delivered rental yields ranging from 6% to 8% annually, which is higher than the UAE average, making it attractive for buy-to-let investors.
• Capital Appreciation: Similar developments in prime locations have witnessed capital appreciation of around 4% to 7% annually over the last five years. Given Yas Island’s growing reputation, Gardenia Bay could see similar or higher appreciation rates.

3. Future Prospects

Gardenia Bay benefits from being part of a master-planned community on Yas Island, with future developments and amenities that will likely boost property values. Key factors include:

• Ongoing and Future Developments: The continued expansion of Yas Island with new entertainment venues, educational institutions, and healthcare facilities will enhance the area’s attractiveness, potentially leading to further property appreciation.
• Government Initiatives: Abu Dhabi’s policies aimed at attracting expatriates and investors, such as long-term visas and relaxed foreign ownership rules, are expected to sustain demand and price growth in premium areas like Yas Island.

4. Expected ROI

Based on the current market trends and the specific appeal of Gardenia Bay:

• Annual Capital Appreciation: You could reasonably expect capital appreciation in the range of 5% to 8% per year, assuming the market remains stable and Yas Island continues to develop as planned.
• Rental Yield: If you intend to rent out your property, rental yields in the range of 6% to 8% annually are possible, depending on the property type and its specific location within Gardenia Bay.

AlDar Group has introduced a 5% downpayment plan as well as a 40/60 payment plan for apartments and a 50/50 payment plan for townhouses with a 10% downpayment.

Question 9: When is the handover date for Gardenia Bay apartments and townhouses?

Question 10: What are the amenities available in Gardenia Bay?