Ohana Development launches USD 4.1 billion Manchester City Yas Residences in Abu Dhabi

Ohana Development has launched the USD 4.1 billion Manchester City Yas Residences project in Abu Dhabi, and the Abu Dhabi Real Estate Centre announced digitisation of off‑plan registrations and bookings through its Madhmoun platform with mandatory escrow oversight.

Ohana Development has launched the Manchester City Yas Residences project in Abu Dhabi with a reported value of USD 4.1 billion. The announcement took place alongside a statement from the Abu Dhabi Real Estate Centre about changes to off‑plan sales processes. ADREC said it will digitise Expressions of Interest and booking processes using its Madhmoun platform. Officials described the changes as part of a new regulated framework for off‑plan transactions in Abu Dhabi. Key details: - Ohana Development launched the Manchester City Yas Residences project in Abu Dhabi, cited at USD 4.1 billion. - The Abu Dhabi Real Estate Centre announced the digitisation of Expressions of Interest and booking processes for off‑plan purchases. - These processes will use the Madhmoun platform under a new regulated framework. - Registrations will operate under ADREC's direct supervision with mandatory escrow management. - ADREC stated the measures are intended to strengthen investor protection, transparency and governance. Summary: The launch introduces a large-scale residential development to Abu Dhabi's Yas area and coincided with regulatory updates for off‑plan transactions. ADREC's digitisation and mandatory escrow rules are announced as steps to strengthen investor protection and governance. Registrations and bookings will be processed through the Madhmoun platform under ADREC supervision.