Manchester City Yas Residences Phase 2: What Haaland’s Villa Won’t Tell Buyers

Abu Dhabi, UAE — Ohana Development will open sales for the second phase of its Manchester City-branded community on Abu Dhabi’s Yas Canal on 19 October, seven months after the developer says Phase 1 sold AED 6 billion of homes in 72 hours. The new release adds two- and three-bedroom townhouses and duplex villas alongside larger four- and five-bedroom villas, but Ohana has not published prices for any Phase 2 unit.

At the launch event, Manchester City striker Erling Haaland said in a video that he has bought a five-bedroom villa in the project for his family, and manager Pep Guardiola was named brand ambassador. Neither fact tells an investor anything about price, rent or resale value. Both show how heavily Ohana is leaning on the club to sell the next batch.

Manchester City Yas Residences returns with townhouses on 19 October

The project covers 1.67 million square metres and is planned for more than 2,000 homes, delivered in phases by 2029, according to Ohana. Launched in February at a stated AED 15 billion, it listed average standalone villa prices of about AED 7 million, Aletihad reported.

Phase 1 buyers were 35% Emirati and 65% expatriate or international, the company said in March. Property portal Alnair listed first-phase three-bedroom townhouses from AED 4.75 million and five-bedroom villas from AED 9.5 million, with 50/50 and 35/65 payment plans. Ohana has not confirmed these figures.

Abu Dhabi sales passed AED 155bn by August, above all of 2025

The market is still running hot. Abu Dhabi Real Estate Centre (ADREC) data show AED 155 billion of transactions from January to August 2026, more than the AED 142 billion recorded across all of 2025, Khaleej Times reported. Sales alone reached AED 86.1 billion across 16,838 deals in the first half, up 163.7% in value on a year earlier.

ADREC recorded more than AED 5.5 billion of Yas transactions in the first quarter, and Christie’s International Real Estate puts the island’s first-half residential total at AED 7.3 billion. Bayut data cited by Christie’s place average Yas villa yields at about 5%, below the 5.94% average for luxury apartments on the island. Put simply, a villa here earns less rent per dirham than a flat.

A AED 4.75m townhouse against India’s USD 250,000 LRS cap

For resident Indian buyers, the bottleneck is the remittance cap rather than the price. Under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS), one person can send out USD 250,000 a year, about AED 918,000. At about 26.2 rupees to the dirham, the AED 4.75 million Phase 1 townhouse costs roughly Rs 12.4 crore. Paying half before handover on a 50/50 plan means about AED 2.4 million, more than two and a half years of one person’s full LRS allowance.

Property remittances above Rs 10 lakh a year also attract 20% tax collected at source. It is adjustable against income tax, but it locks up cash. A couple using two LRS limits can cover the construction payments before 2029; a single buyer will find it tight. NRIs paying from income earned abroad face no such cap.

Ohana has not published Phase 2 prices, plans or Haaland’s terms

Chief executive Husein Salem said the first phase showed “the confidence buyers place in Abu Dhabi” and that Phase 2 opens the door to more families and investors. Guardiola said the project’s focus on recovery and wellbeing was what drew him to the ambassador role.

What is not yet disclosed: Phase 2 prices per square foot, the payment plan, unit count, service charges, and a handover date for this phase as distinct from the 2029 project target. Ohana has not said whether Haaland bought on standard terms, or how much of Phase 1’s AED 6 billion has been registered with ADREC. The release also says former player Alfie Haaland received keys to his home there, which sits awkwardly with a project still under construction. Ohana has not explained what was handed over.

A 2029 handover with Aldar’s 1,600 Yas Point homes next door

The main risk is time. Phase 2 buyers commit capital for about three years before they can rent or move in. No football-branded community in Abu Dhabi has a resale record yet, so any brand premium paid at launch is untested.

Supply is the second constraint. Aldar is building its AED 6 billion Yas Point masterplan, with 1,600 homes, on the same island, according to Christie’s. Knight Frank counts about 36,900 units under construction across Abu Dhabi for 2026 to 2030, a third of them villas, The National reported. Prices rose in the first half despite the Iran war, the same report found, but a longer conflict could test that. A Phase 2 buyer is betting the 2029 market can absorb these homes alongside the rest of the pipeline.