Why it is profitable to invest in real estate in Abu Dhabi - key points of the economy, tourist and office segments, what the authorities are currently focusing on. What real estate offers are available on the market: apartments, townhouses, penthouses, villas and studios, as well as purchasing land in Abu Dhabi.
Price from$ 170 000
First paymentfrom 5%
up to 8% p.a.income in currency
Easypayment plan
Abu Dhabi is the capital of the United Arab Emirates, where the main economic resource is oil. What makes the emirate attractive to Russian investors? Not only the absence of harsh winters and an eternal summer, but also the opportunity to invest in a developing real estate market, where emphasis is placed not only on a large number of offers, but also on the development of all sectors of the economy to create a stable investment environment to generate maximum profit.
As Simon Townsend, Head of Strategic Consulting at CBRE MENAT, stated: "Intense competition has led to all sectors of the economy, including the real estate market, being focused on the end user, especially in the UAE capital. This means that developers are now seeking creative and individual solutions to attract more investors and buyers."
The best houses and apartments from the developer in the UAE
Mayyas at The Bay is a residential complex by the developer Advanced Properties.
The residential complex Vista 3 offers apartments with 1-5 bedrooms and penthouses with 3-4 bedrooms at Al Reem Island.
Lamar Residences is the first completed project by the young and ambitious developer Nine Yards.
Renad Tower is a 37-story residential project by Tiger Group, located on Al Reem Island.
Ramhan Island by Eagle Hills is a grand project with its own beaches, wildlife and luxury amenities.
Reeman Living by Aldar Properties is the developer's second project in the Living collection.
The benefits of investment should be considered in terms of purchasing real estate for either rental or subsequent resale for income, depending on the total return value of the invested funds. Alternatively, it is possible to buy, rent out, and then resell. In any case, these are long-term investments that can generate income within a few months of purchase, if the property is not off-plan.
Buying real estate in Abu Dhabi can be done in the same way as Dubai - either by providing the full amount of the property cost upfront, in installments according to the developer's payment plan, or through a mortgage. Just like in neighbouring Dubai, the emirate's territory is divided into zones with free sale, restricted sale, and areas where buying real estate is not allowed for foreign investors.
The Abu Dhabi government is doing everything possible to revive the emirate's real estate market and make it more attractive to foreigners. Therefore, when talking about investments, one should consider not only the real estate sector itself, but also the economic benefits from the tourism segment.
The positive growth trend and hotel sector of Abu Dhabi have not been overlooked. In the second half of 2019, the demand for hotels in the capital increased due to events such as the Olympics, AFC Asian Cup, Abu Dhabi Showdown Week, Formula 1, and the Papal Mass, which allowed for forecasting for subsequent years and expanding the supply of hotel apartments to 9,300 units.
Aldar Properties, who is the leading developer in Abu Dhabi, confirms that the tourism sector of the emirate's economy is growing, having made a statement about its own income for the past year. Based on the report, the company's net income was AED 1.7 billion, which exceeded 2018 figures by 7% and reached record sales of real estate which was 53% more than in 2018. The company's gross profit increased by 30%, and rental income by 8%.
Abu Dhabi is also preparing for Expo 2020, where not only hotels are opening and massive construction of new residential properties is currently underway, but the rental market is also stabilizing, so that the benefit is not only for tourists if the cost starts to drop, but also for investors. That is, the government is doing everything possible to ensure that demand and supply satisfy both the tenant and the landlord.
Abu Dhabi enters a new market with excellent investment proposals and opens up opportunities to attract foreign investors, where key factors are not only its affordability, but also its excellent opportunities for long-term investments.
Growth indicators of 4.6% over the past 5 years within the real estate sector have formed a key support in Abu Dhabi's efforts towards a more diversified economy. This means that the emirate's government will now focus not just oil production, but also on strengthening the attractiveness of residential real estate, as well as offering and expanding the tourism sector. This leads to falling real estate prices, but with increasing demand for the emirate itself, will attract good rental returns.
Growth indicators of 4.6% over the past 5 years within the real estate sector have formed a key support in Abu Dhabi's efforts towards a more diversified economy. This means that the emirate's government will now focus not just oil production, but also on strengthening the attractiveness of residential real estate, as well as offering and expanding the tourism sector. This leads to falling real estate prices, but with increasing demand for the emirate itself, will attract good rental returns.
Abu Dhabi has reached the same level as Dubai in terms of legislation regarding property ownership rights in the emirate. Freehold and leasehold zones have been introduced, allowing foreigners to purchase real estate with full ownership rights.
Economic incentives - the Abu Dhabi government and the National Oil Company; Adnoc, have invested a total of over AED 450 billion in a gas production strategy, which will lead to an increase in jobs, which will increase demand for housing.
Economic incentives - the Abu Dhabi government and the National Oil Company; Adnoc, have invested a total of over AED 450 billion in a gas production strategy, which will lead to an increase in jobs, which will increase demand for housing.
The main focus is not on elite apartments, but on the "affordable housing" category, i.e. the middle price segment and the "price-quality" ratio. In addition to ready-made housing, you can also buy land to build your own villa. An example of this solution was the successful sale of the Alreeman project, where the sales volume amounted to AED 1.6 billion within just a few days after the launch, according to data from Aldar Properties.
Unique offers from developers, where you can choose extended payment plans, purchase during the construction stages, exemptions on fee payments, and more, attract many buyers. The best examples are the Imkan Nurda and Pixel projects located on Saadiyat and Reem Island, where you can buy off-plan property with the possibility of a post-payment plan over 9 years.
Unique offers from developers, where you can choose extended payment plans, purchase during the construction stages, exemptions on fee payments, and more, attract many buyers. The best examples are the Imkan Nurda and Pixel projects located on Saadiyat and Reem Island, where you can buy off-plan property with the possibility of a post-payment plan over 9 years.
Abu Dhabi enters a new market with excellent investment proposals and opens up opportunities to attract foreign investors, where key factors are not only its affordability, but also its excellent opportunities for long-term investments.
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