Voted the MENA’s most liveable city for 3 consecutive years (2020–2022), according to the Economist Intelligence Unit’s global survey, Abu Dhabi is a perfect destination to work, play and invest in. In the first half of 2022, the capital’s GDP expanded by a whopping 11.2%, compared to the same period in 2021, according to the data reported by the Statistics Centre – Abu Dhabi. This clearly demonstrates the robust performance of the emirate and its resilience to global economic challenges.
Below, we have compiled key aspects that encourage investors from across the globe to choose Abu Dhabi to invest their money:
*The price is valid for 2024
Thanks to its stability, resilience and flexibility, Abu Dhabi is currently one of the most coveted destinations worldwide for real estate investment. The annual real estate ROI here varies between 6% and 9% on average, which guarantees a high long-term income. Additionally, the emirate offers luxury property at much more affordable prices than similar large cities worldwide. For instance, according to Numbeo, as of January 2023, the estimated price per sq. ft for apartments in the city center of Abu Dhabi amounted to AED 1,282 (USD 349), whilst a similar segment in London cost AED 3,127 (USD 851) sq. ft
To oversee local real estate activities and protect investors, Abu Dhabi has a strong legal framework. In fact, there is a Real Estate Dispute Settlement Centre, which was established in 2020. Thanks to qualified property conciliators, disputes in the emirate are settled amicably and the number of cases brought to courts are reduced. Abu Dhabi also has a comprehensive scheme, which aims to monitor and regulate service charges or residential units, in order to protect both the owner and developers. For instance, between 2020 and 2021, service fees in development projects were decreased by 26.4.%, as revealed by the Department of Municipalities and Transport (DMT).
*The price is valid for 2024
A few of the most popular properties for sale in Abu Dhabi can be found below:
The Sustainable City Yas Island by Aldar Properties and Diamond Developers is a fully-walkable community, nestled amongst parks, lakes and biodomes. Those seeking a natural lifestyle experience, can choose from an array of 1–3 bedroom condominiums and 3-4 bedroom townhouses spread across 10 clusters. The first phase of the development, released in early 2023, fully sold out within 24 hours of the launch, illustrating a strong demand for sustainability-focused real estate from buyers.
Louvre Abu Dhabi Residences by Aldar Properties on Saadiyat Island offers the first Louvre-branded properties in the world. There are studios and 1–3 bedroom apartments available for purchase, with full access to a 5-star residential theater, a museum-view lounge, a yoga and pilates studio, and much more. At the same time, an array of exclusive services including an art conseiller, pet spa & grooming, a personal fitness trainer and more, are available to all residents to take advantage of.
Reem Hills by Q Properties is a gated-community with an artificial hill on the coveted Reem Island. The premium development, which will be home to apartments, villas and townhouses in various configurations, witnessed the launch of 2 phases, as of January 2023. The first phase; Sierra Views included 5–7 bedroom villas, whereas the second phase offered 4 clusters called Sunset Valley, Reem Avenue, Canal Promenade and Canal Side with 3-bedroom townhouses and 4-bedroom twin villas. Both of these releases successfully sold out thanks to the sustainable living solutions and its natural environment.
You can buy property of any type in Abu Dhabi, from compact studios and comfortable apartments to spacious townhouses and palatial villas. That being said, the emirate offers 1–6 bedroom apartments, with the starting price of AED 365,000 (USD 99,000) for a 1-bedroom unit. In terms of villas, there are generously-sized properties available in 1–7+ bedroom configurations at the initial cost of AED 630,000 (USD 172,000). Townhouses are on offer for acquisition with 2–7 bedroom layouts and are priced at a minimum of AED 640,000 (USD 174,000). Land plots are also a lucrative investment, whether residential or commercial. You can acquire a land plot of 355,209 sq. ft in Abu Dhabi for at least AED 670,000 (USD 182,000). Luxury penthouses in 3–6 bedroom configurations are priced at a minimum of AED 1,870,000 (USD 509,000).
*The price is valid for 2024
Yas Island is an award-winning leisure, entertainment and residential destination with a colossal area of 2,500 ha. The premium island is famed for housing a collection of record-breaking theme parks, including Ferrari World Abu Dhabi, Warner Bros. World™ Abu Dhabi and Yas Waterworld Abu Dhabi, in addition to world-renowned F&B brands in Yas Bay Waterfront and Yas Marina. Not forgetting Yas Mall, which is the UAE’s second largest shopping center, with over 370 stores, a 20-screen cinema operated by VOX and 60 indoor and outdoor cafes and restaurants.
Saadiyat Island combines art and luxury, situated amongst luscious leafiness and sandy beaches. Here one can visit Louvre Abu Dhabi, the upcoming Guggenheim Abu Dhabi, Zayed National Museum and much more, with masterpieces by iconic artists from all over the world. Manarat Al Saadiyat art gallery offers plenty of events throughout the year, such as comedy nights, yoga sessions, robotics workshops and others. Golf lovers will particularly appreciate Saadiyat Beach Golf Club, which is the region’s first ocean course.
Ghantoot is an ultra-luxury leafy neighbourhood situated between Abu Dhabi and Dubai, alongside the coastline of Sahel Al Emarat. Upon its completion, occupants will be able to benefit from a community center, a private marina, shopping centers and schools within the area. One of the highlights of Ghantoot is SHA Emirates, which is the first SHA Wellness Clinic in the UAE. Due for completion in 2024, the prestigious facility will focus on the enhancement of health and well-being with the help of ancient disciplines and innovative technologies.
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