- Abu Dhabi
Apartments for sale in Abu Dhabi
- on February 18, 2021AED1,575,000Sky Tower, Shams Gate District, Al Reem Island, Abu DhabiApartment231,651 sqft
- AED1,300,000Sun Tower, Shams Gate District, Al Reem Island, Abu DhabiApartment
Hot Price | Elegant Unit | 2BR+Storage Room|231,316 sqft
- AED1,100,000Al Maha Tower, Marina Square, Al Reem Island, Abu DhabiApartment
Make This Unit Your Next Home | w/ Rent Refund221,108 sqft
- AED640,000The Bridges, Shams Abu Dhabi, Al Reem Island, Abu DhabiApartment
Hot Deal| High Floor |Lovely Sea View| Big Balcony11663 sqft
- AED1,300,000The Wave, Najmat Abu Dhabi, Al Reem Island, Abu DhabiApartment
Elegant Lifestyle Living Or Ideal Investment221,286 sqft
- AED1,100,000Soho Square Residences, Soho Square, Saadiyat Island, Abu DhabiApartment
| Full Sea View| Luxorious Modern Apartment | Large Layout|12909 sqft
- AED1,300,000Al Nada 2, Al Nada, Al Muneera, Al Raha Beach, Abu DhabiApartment
Hot Deal | Luxury Living W/Nice View231,569 sqft
- AED2,150,000Tala Tower, Marina Square, Al Reem Island, Abu DhabiApartment
Massive Sea View | Fully Furnished !!342,024 sqft
- AED2,000,000The Wave, Najmat Abu Dhabi, Al Reem Island, Abu DhabiApartment
Ready To Move In 3 Bedroom Apartment !!!!!341,923 sqft
- AED840,000Water's Edge, Yas Island, Abu DhabiApartment
2yrs Service charge waive | Ready in Few months | 0 Registration12700 sqft
- AED750,000Ocean Terrace Residence, Marina Square, Al Reem Island, Abu DhabiApartment
Great Deal !! 1BR, Vacant With Great Facilities12883 sqft
- AED790,000The Gate Tower 1, The Gate Tower, Shams Gate District, Al Reem Island, Abu DhabiApartment
Hot Deal| High Floor| Sea View| Vacant| Big Layout12947 sqft
- AED2,350,000Al Rahba, Al Muneera, Al Raha Beach, Abu DhabiApartment
| Full Sea View | 3BR + M | Luxurious Apartment | Prestigous Area | Excellent Amenties |352,472 sqft
- AED1,800,000MAG 5 Residence (B2 Tower), Marina Square, Al Reem Island, Abu DhabiApartment
HOT DEAL | Prestigious Area | Spacious Layout231,722 sqft
- AED1,200,000Water's Edge, Yas Island, Abu DhabiApartment
HOT DEAL ! Affordable Apartments with Canal view221,070 sqft
- AED1,450,000Park View, Saadiyat Island, Abu DhabiApartment
Hot Deal |2BR+M |Luxury Living| Vacant Now!231,589 sqft
- AED2,500,000Saadiyat Beach Residences, Saadiyat Beach, Saadiyat Island, Abu DhabiApartment
HOT DEAL | Stunning Layout | Prestigious Area | Vacant231,502 sqft
- AED870,000Al Reef Downtown, Al Reef, Abu DhabiApartment
2BR | Upgrade and Fully Furnished | With Private Pool221,583 sqft
- AED850,000Al Reem Island, Abu DhabiApartment
BEST OFFER FOR SALE!! 1BHK PERFECT FLOOR FOR SEA VIEW12883 sqft
- AED839,995Water's Edge, Yas Island, Abu DhabiApartment
PERFECT INVESTMENT in Yas Island!11690 sqft
- AED330,000Diva, Yas Island, Abu DhabiApartment
Offer for a limited time 40% discount for cash payment, distinctive sea views, received the apartment fully furnishedStudio1352 sqft
- AED577,000Masdar City, Abu DhabiApartment
Own your apartment inside Masdar City (source of renewable energy) inside closed community, with full services, with 5 years installments.11410 sqft
- AED1,190,000Sun Tower, Shams Gate District, Al Reem Island, Abu DhabiApartment
Exclusive Deal| High Floor | Invest Now!231,240 sqft
- AED2,320,000Mamsha Al Saadiyat, Saadiyat Cultural District, Saadiyat Island, Abu DhabiApartment
Beachfront Community| Loft 1BR| Partial Sea View121,441 sqft
Near Abu Dhabi
All about Buying an Apartment in Abu Dhabi
Abu Dhabi is usually compared to the neighbouring city of Dubai because of its publicity and staggering real estate projects. However, Abu Dhabi is more significant in terms of financial stability and assets. The capital city has undergone a remarkable transformation in economic growth due to the vision of the leaders of Abu Dhabi and the abundance of oil and gas reserves.
The economic stability makes the emirate one of the best places for investment, especially in the real estate industry. When it comes to the real estate sector in Abu Dhabi, the amendments in freehold ownership law have opened up immense investment opportunities for buyers and investors. As per the law enacted by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, foreign investors and expats of all the nationalities can buy freehold properties in Abu Dhabi investment zones such as Al Raha Beach, Al Reem Island, Yas Island and Saadiyat Island. This law is part of the Abu Dhabi Economic Vision for 2030 in which priorities have been set to broaden the emirate’s economy by reducing reliance on nature reserves and focusing on other sectors such as tourism, infrastructure, health and education. The newly launched projects in Abu Dhabi follow the vision and provide limitless choices for investors interested in buying apartments in Abu Dhabi.
Freehold vs Leasehold Property in Abu Dhabi
The ownership of properties in Abu Dhabi is divided into two categories; freehold and leasehold. Freehold ownership means the investor has direct ownership of the land on which the property is built on while a leasehold title refers to the ownership for a fixed period. The maximum term for a leasehold property in Abu Dhabi is 99 years. Once the lease expires, the ownership of the entire property will go back to the freeholder.
Before the new Abu Dhabi Freehold Property Law of 2019, ownership was largely restricted to UAE and GCC Nationals only. Expats and investors invested through three main systems; Musataha (a 50-year renewable lease), usufruct (generally a 99-year lease) and long-term leases (for 25 years or more). But the amendments to the freehold property law have significantly boosted the real estate sector in Abu Dhabi and now expats and investors can own freehold property in dedicated investment zones in Abu Dhabi.
Popular designated investment areas for expats and foreign investors include Yas Island, Al Maryah Island, Al Raha Beach and Al Reem Island. The affordable communities suitable for buying flats in Abu Dhabi include Al Reef and Masdar City. Other freehold areas of the emirate are Saadiyat Island, Lulu Island and Seih Al Sedirah.
Leasehold and freehold areas are determined by the government and are subject to change.
Types of Apartments in Abu Dhabi
When it comes to properties for sale, investors can find various options including ready-to-move and off-plan apartments in Abu Dhabi.
Developers sell off-plan apartments before construction through a feasible payment plan. In this way, the property becomes affordable to investors as compared to ready flats encouraging potential buyers to transition to homeownership. Popular areas with off-plan properties include Yas Island, Al Reem Island and Saadiyat Island.
The fully-developed apartments for sale in Abu Dhabi come in different layouts ranging from studio, 1, 2, 3 and 4-bedroom units to spacious 5-bedroom apartments. One can buy an apartment in Abu Dhabi in a price range of AED 300k to AED 21M. Most units in Abu Dhabi are equipped with modern amenities and facilities such as a laundry room, a maid’s room with attached bathroom and a terrace or a balcony. Other shared amenities commonly found in apartment buildings in Abu Dhabi include a gym, a swimming pool and dedicated parking spaces. A few apartment buildings have casual dining restaurants, coffee shops or supermarkets on the ground floor. Investors can also find duplex units and luxury penthouses in Abu Dhabi apart from the regular single-floor flats.
Popular Areas to Buy Apartments in Abu Dhabi
Some of the popular investment zones to buy apartments in Abu Dhabi include Yas Island, Al Raha Beach and Al Reem Island. These areas offer beachfront residences offering a luxurious lifestyle. The affordable areas to buy flats in Abu Dhabi are Al Reef and Masdar City.
Sales Trends for Flats in Abu Dhabi
Apartments for sale in Abu Dhabi include studios priced from AED 336k to AED 623k in areas such as Masdar City and Al Maryah Island. Investors can buy an apartment in Abu Dhabi such as a 1-bedroom unit priced between AED 550k to AED 650k in Al Reef and Al Reem Island. A spacious 2-bedroom apartment can be purchased in AED 800k in Al Raha Beach and AED 3.9M in Saadiyat Island. The luxurious 3-bedroom apartments are priced above AED 1.4M in Yas Island and it can go up to AED 6M in areas like Saadiyat Island and Al Raha Beach. Buyers interested in purchasing penthouses and duplexes can find ample investment options in Saadiyat Island and Al Reem Island. The sales price of penthouses ranges between AED 2.3M to AED 24M in these areas.
ROI for Apartments for Sale in Abu Dhabi
The affordable communities are outperforming the more luxurious ones in terms of rental yields in Abu Dhabi. Masdar City offers the highest ROI for apartments for sale in Abu Dhabi while Al Reef and Saadiyat Island follow with the second and third highest rental yield. The ROI in Masdar City is 8.7%, Al Reef offers and ROI of 8.6% and investors looking at Saadiyat Island can expect a return on investment of 7.8%. Other flats for sale in Abu Dhabi in areas like Al Raha Beach and Al Reem Island also offer an ROI of 7%.
How to Buy an Apartment in Abu Dhabi?
Once you’ve decided to buy a flat in Abu Dhabi, search for your desired property online using Bayut. There is a wide selection of properties available on Bayut from where you can choose the property suitable for your budget and requirements using different filters. After selecting the residential unit and expressing your interest to the buyer, the next step for both the parties is to agree on the terms of the sale through a Memorandum of Understanding (MOU). While signing the MOU, you would pay 2% of the property’s value to the real estate agency as a service fee and 2% to Abu Dhabi Municipality. When you have signed the agreement and made the payments, the ownership certificate will be issued by the developer after which another AED 5k will be paid to the developer as an administrative fee. If you are an expat then you can buy a flat in Abu Dhabi in designated investment zones of the emirate only, while GCC and UAE Nationals have no such restrictions.
Costs Associated with Buying an Apartment in Abu Dhabi
The buyer is required to pay a registration fee of 2% of the purchase price to the Abu Dhabi Municipality whether it is an off-plan or ready-to-move unit. The real estate agency/agent commission is usually 2% of the property value plus 5% VAT. But if you are buying the property directly from the developer then you do not need to pay the commission fee. Those buying the property with a mortgage, 0.25% of the purchase price will be paid for its registration fee while other documentation can cost different charges. The legal and financial process of transferring the title deed of the flat for sale in Abu Dhabi can cost the buyer AED 1,000.
Another cost related to an apartment for sale in Abu Dhabi is the annual service charges which are paid by owners to maintain the security, communal electricity, maintenance and building insurance. These charges are payable to the developer and usually calculated per square feet (sq.ft.). The price range of the service charges depends upon the location and services provided by the building.
The buyer has to set up the electricity, water and district cooling/chiller connection for apartments in Abu Dhabi for sale by contacting the concerned authorities. An owner does not need to set up these connections if the residential unit is fully developed but instead needs to transfer the ownership of these connections. After setting up/transferring the connection, the owner will receive the monthly bill as per the energy consumption and the kind of property you have purchased.