July 21, 2024

Buying a property in Abu Dhabi: a complete guide

3 min read
Abu Dhabi property

Do you wish to know how the process of buying real estate goes in Abu Dhabi? You’re not by yourself!

These people adore the sleek and stylish appearance of Abu Dhabi and its magnificent sheen and as soon as one sets foot in this pearl of the Arabian Gulf, one starts to dream of owning that luxurious villa or penthouse.

Yet would it be a profitable investment? Is the price for real estate in Abu Dhabi increasing? As much as value is central to this product, what is the price of it? Which island is best to invest in: Is it Al Reem Island or Saadiyat Island? Exist any unstated costs? What yields would be higher, and where?

It is all calculated in this essay for you to get a conclusive result without having to think.

This market is quite familiar with the Sands of Wealth group. We have gathered all our findings and made a pack of them. Acquire it right away.

Buckle up for we are going to teach you a lot in this essay.

How’s the property market in Abu Dhabi?

How is the property market performing? Let’s rely on data and figures to find out.

Types of properties

Abu Dhabi properties can be of almost any type, and serve almost any purpose.

Some of them include land parcels, townhomes, villas, and flats.

People can buy or rent luxury apartments starting from luxurious penthouses and ending with studios. Townhouses combine the feeling of having a house and an apartment whereas villas provide privacy and space with sometimes spaces or courtyards.

In addition, one can invest in open pieces of land to be developed to construct a dwelling or any other kind of development owned by the investors.

Each kind of property has its peculiarities and facilities, and therefore a possibility for the purchaser to choose the most appropriate type.

What’s better: buy or rent?

You may either be a resident of Abu Dhabi, Dubai’s modern and shiny neighbor which is also the capital of the United Arab Emirates in the Persian Gulf, or you still contemplate ownership or even renting a house there,

If you are interested in a long-term investment, then it is better to buy since the property prices in Abu Dhabi move upwards.

Perhaps, the best piece of information that may help you make a decision is a property price-to-rent ratio. This makes it easier to establish the correlation between rental income and the current price of the property in terms of years.

When compared to rents, home prices are cheap with a home price-to-rent ratio of 12 for Abu Dhabi. 02, according to Number.

In other words, for an average of $12,000, you could buy a home that could generate a rental income sufficient to pay for it 12 years at a time. Worth purchasing

Property prices in Abu Dhabi

The new statistics just released by the Federal Competitiveness and Statistics Authority (FCSA) show that the price of a house per square meter is $ 3,550.

Of course, the differences are rather striking. A land in Yas Island may be cheaper per square meter than a fancy apartment for sale in Al Reef or Al Sabkha. Indeed, we expand on the following in the bundle we have on buying property in Abu Dhabi and in the UAE.

It is 5. I repeat, four times cheaper than the cost of real estate in the heart of New York, for instance.

Also, it had only been found out that Abu Dhabi’s housing expenses are 46% cheaper than Dubai’s.

Saadiyat Island and Al Raha Beach tend to be the most expensive zones in Abu Dhabi while Mohammed Bin Zayed City, Al Wathba, and Al Shamkha are the most affordable ones.

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