Real estate prices on Abu Dhabi Yas Island and surrounding areas are expected to rise significantly on Wednesday after Walt Disney Company announced on Wednesday that he will build his first theme park from the Middle East. Real Estate Experts say.
The target development for Disney Worldwide’s seventh theme park is said to be on Yas Island Waterfront. It is home to premium real estate prices and is located at home for attractions such as Ferrari World and Warner Bros. World.
The Abu Dhabi real estate market was already growing steadily before Disney’s announcement. It rose 15.7% between March and April, reaching AED 2.9 billion (615 million GBP), according to market data.
“Disneyland will be a game-changer for Abu Dhabi’s property landscape. We predict increased property demand on Yas Island and nearby areas, with buyers seeking high-quality, future-oriented homes,” said Nada Jaouhar, Abu Dhabi Branch Director at Betterhomes.
Investors have shown special interest in sales outside of planning. This shows strong confidence in future developments, exceeding 70% of total transactions in April. Premium locations such as Yas Island, Saadiyat Island and Al Jubail Island offer the highest awards with several Al Jubail villas, which sold up to AED 10 million and leases per year, selling 400,000.
The rental market is also expected to benefit from development. In April, more than 18,000 rental transactions were operated for a total of AED 1.3 billion, with two-thirds of which have more new contracts than renovations, resulting in an increasing population and an increase in demand for home construction.
Abu Dhabi’s new Disney Theme Park resort
Abu Dhabi creators Disney and Miral’s immersive goals and experience agreements will fully develop and build the resort, along with Disney’s creative design, attraction development and operational oversight.
During the announcement ceremony, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince Abu Dhabi and Chairman of Abu Dhabi’s Executive Council said that the project reflects global elements of the global location of the leisure and tourism sector.
Development corresponds to the UAE’s starting point to diversify the economy and promote sustainable development. Creative and cultural economies have been identified as important columns to support economic diversification and improve GDP growth.
Mohamed Khalifa Al Mubarak, Chairman of Miral, said the collaboration “demonstrates the remarkable results of combining visionary leadership and creative excellence.”
Yas Island’s strategic location serves as a target, a key tourism market in the Middle East, Africa, India, Asia and Europe, expanding the investor base of surrounding assets.
Bob Iger, CEO of The Walt Disney Company, described the project as “an extraordinary opportunity” that will be “a cultural, entertainment and technological marvel.”
