Abu Dhabi, the capital of the United Arab Emirates, makes up over 80 percent of the UAE’s total land area and is home to 2.7 million people - 20 percent of that number being UAE nationals and the remainder expatriates from around the world. Considered by many to be Dubai’s less ostentatious little sister city, Abu Dhabi’s skyline is still impressive as it grows into an increasingly attractive location for both locals and expats to buy property.
Types of Apartments in Abu Dhabi - When looking to invest in an Abu Dhabi apartment, buyers have a wide variety of properties to choose from, each with different levels of luxury. While previously limited to UAE nationals only, expats have now been able to buy freehold property in Abu Dhabi from designated investment zones since 2005. When choosing an apartment, the buyers have a variety of luxury levels to choose from. These levels range from average facilities and comfort to luxury style apartments which have everything you need to stay relaxed. Buyers now have a variety of apartments to see and establish their needs and budget and then choose one they would like and can afford out of the sea of apartments up for sale in Abu Dhabi.
Popular Areas in Abu Dhabi - Of these investment zones, the most popular areas with villas and townhouses are Saadiyat Island, Reem Island, Al Raha Beach, Al Reef, Yas Acres and Hydra Village. Meanwhile, locals can buy property in popular areas like Khalifa City A. When you start considering buying property in Abu Dhabi, the municipality’s eGovernment Gateway is a good source of up-to-date information on the rules and regulations surrounding it. When looking to invest in an Abu Dhabi apartment, buyers have a wide variety of properties to choose from each with different levels of ‘luxury’. While previously limited to UAE nationals only, expats have now been able to buy freehold property in Abu Dhabi from designated investment zones since 2005. When you start considering property in Abu Dhabi, the municipality’s eGovernment Gateway is a good source of up-to-date information on the rules and regulations surrounding it.
Potential for Return on Investment in Abu Dhabi - While markets have gone through cycles in recent years, property remains a stable asset in Abu Dhabi with average returns of 7% plus. The government currently has large infrastructure expansion plans in place (The 2030 Plan) which is expected to raise the population significantly in the next 20 or so years. One of the lures to investing in buy-to-lease properties in Abu Dhabi is the fact that rent is paid upfront for the year, in either one cheque or two, giving landlords both security of income as well as protecting them from tenant’s absconding. Apartments in Abu Dhabi are preferred by expats who are coming into the city for work or to set up a firm. These Abu Dhabi apartments are very readily available, in many different areas in Abu Dhabi for the ease of people who can now choose an apartment near where they work.
Lifestyle and Community in Abu Dhabi - Even though Abu Dhabi has a reputation as being a more 'family friendly' city than its sister emirate Dubai, the social life in Abu Dhabi is still very active. Between malls and hotels, there’s no shortage of places to shop, go to the cinema, go for happy hour, dinner or an evening of dancing in a nightclub. Local nightclubs tend to feature international DJs as well as traditional Arab singers and belly dancers. Expats can also look out for regular live music, happy hours, quiz nights and ladies' nights to spice up the daily routine. For expats who are tired of the clubs and restaurants in Abu Dhabi, Dubai is only 90 minutes away. The nightlife scene is bigger and wilder in Dubai, and plenty of hotels offer weekend specials for those in need of an escape.