Although the Gunners have had some mixed results so far this season, Young think they have the right balance to clinch the Premier League trophy.
"Arsenal have a great squad. If you look at the table it's no surprise they're up there challenging for the league crown again because they've got world-class players all over the pitch," Young said.
"But, if you look at the squad, they've got a great mix of youth and experience.
"They are a tremendous side. They pass and move magnificently and they've got flair throughout the side. They've got everything."