Latest news with #Ben Crompton
UAE Moments
3 days ago
- Entertainment
- UAE Moments
Disneyland Abu Dhabi Likely to Rise in North Yas
Disneyland Abu Dhabi could soon call North Yas its home — specifically a waterfront plot near Fahid Bridge, according to real estate expert Ben Crompton. While nothing's confirmed, it's one of the last premium beachfront locations left on Yas Island. Opening Timeline and Current Impact The mega attraction is expected to open mid-2030s, but so far, it hasn't driven up nightly rates or occupancy for short-term rentals like Airbnb. Experts say that could change as the opening date gets closer. Property Market Already Heating Up Even without premium pricing for theme park views, Yas Island property prices have jumped up to 20% over the past year. Demand spiked right after the May announcement, with villas outperforming apartments and Aldar projects leading gains. Short-Term Rentals in Abu Dhabi Short-term lets are regulated by the Department of Culture & Tourism, which requires a licence. Crompton says the process is simple, and professional operators are available to help. Hot Properties Right Now
Khaleej Times
4 days ago
- Business
- Khaleej Times
UAE: Disneyland Abu Dhabi expected to rise in North Yas, says expert
Disneyland Abu Dhabi is most likely to be built in North Yas, close to the Fahid Bridge, on one of the last remaining waterfront plots on the island, a leading real estate expert has said, while property prices on Yas Island have jumped by up to 20 per cent over the past year. Ben Crompton, Managing Partner at Crompton Partners, told Khaleej Times that while buyers are not yet paying a premium for a view of the upcoming theme park, demand for Yas Island homes surged immediately after the project was announced in May. 'The Disney theme park will most likely open in North Yas, close to the Fahid Bridge, but it hasn't been confirmed yet. We know it will be on the water and so this area is one of the few beach locations left on the popular island,' he said. The attraction, expected to open in the mid-2030s, is not yet influencing nightly rates or occupancy levels for short-term lets, such as Airbnb, in the area. Crompton said this market is likely to accelerate as the handover date approaches, with projects like Water's Edge already proving popular among short-term rental operators. Short-term lets in Abu Dhabi are regulated by the Department of Culture & Tourism, which requires property owners to obtain a licence. 'It is relatively straightforward and there are plenty of professional operators who can assist,' Crompton said. Currently, Water's Edge, Yas Acres, especially its new Magnolias and Dahlias projects, and Yas Golf Collection are attracting strong off-plan interest. Villas have outperformed apartments in the past year, with Aldar projects delivering the highest gains. 'In the last 12 months most projects on Yas Island saw 20 per cent returns. Villas did better than apartments, and Aldar projects did better than other developers,' he noted.
