Apartment start sales in Lotus and Views projects of the Gardenia Bay on Yas Island

13 Feb 2024

On February 8, two clubhouses, Lotus and Views, with apartments starting from $234,000, were released onto the market. This marks the second phase of the Gardenia Bay project, situated on the first coastline of Yas Island. The apartments are suitable for both living and investment purposes.

The project is scheduled for completion in November 2027. We will find you the perfect tenant right after receiving the keys. Alternatively, we will assist in reselling at the peak price to maximize your profit.

We'll help you earn:

• The houses are located on Yas Island with high demand for rentals. It's a developed area with a shopping center, luxurious beaches, amusement parks, a concert arena, and yacht marinas.

• There's a wide selection of studios and one-bedroom apartments available. All units are sold with finished interiors, built-in kitchen appliances, and sanitary ware. We can assist in purchasing furniture or customizing finishes.

• After the project completion, we'll help with utilities connection and lease agreement registration with the Land Department.

• Booking starts from $23,400.

• Installment plan: 50/50 over 3,5 years.

Estimated ROI from long-term rental:

Annual rent for a studio in the location, considering rental rate growth closer to the completion of the project: $22,900

Service charge – $2,100

DLD – from $9,360

ROI ≈ 8.5%

About the project:

• Gardenia Bay is a coastal complex of low-rise buildings on the first coastline of Yas Island.

• Lotus and Views are clubhouses with studios and apartments with 1-3 bedrooms, representing the project's second phase. You can purchase units ranging from 43 to 185 m².

• Completion: November 2027.