Properties for sale in Al Khalidiyah

With its northern edge adjoining the coastline of the Corniche Beach, the area of Al Khalidiyah is one of the largest districts on Abu Dhabi Island. It is bordered by the communities of Al Zaab and Al Manhal to the east, Al Bateen to the west and Al Rawdah to the south. Many vital roads run through this vast real estate in Abu Dhabi, making it one of the easiest areas to access in the region. The Al Khaleej Al Arabi St. and Mubarak Bin Mohammad St. roads run along the length of Al Khalidiyah. Other roads that serve this community include Al Falah St., Zayed The First St., Hazza Bin Zayed St. and the Corniche Rd.

Types of Properties in Al Khalidiyah

The area is mostly packed with large clusters of mid to high-rise buildings. The building properties range from commercial and residential to administrative and mixed-use towers. One remarkable multipurpose high-rise building is the project of Shining Towers that was completed by Ramboll Group real estate developers in 2012. This building complex comprises 2 towers of 33 and 42 floors respectively and is based on a concept of a pair of dancers moving in sync without touching each other. The glass-mirror façade of the towers involves a bespoke curtain wall system that is capable of resisting high winds. This complex architectural structure of Shining Towers has won GCC Tower of the Year award and has now become one of the most famous landmarks in the region of Abu Dhabi. Located on 28th street, Khalidiyah Village contains low-rise buildings but many of these luxurious properties are well-suited for the residential needs of large families. For instance, the villas for sale in Al Khalidiyah which are either available as a stand-alone property or in a compound setting, have large room configurations ranging from 5 to 10 bedrooms and have up to 12 bathrooms. Other residential properties include 5 to 15-floor high buildings, comprising over 30 units.

Sale Price Trends of Properties in Al Khalidiyah

People looking to invest in large properties that may fetch even better profits can consider buying in Al Khalidiyah. One such excellent investment is the residential buildings in Al Khalidiyah whose prices start from AED 20,000,000 and go up to AED 75,000,000. A residential building with 26 flats and 4,000 sq. ft. plot area can fetch around 8% return on investment (ROI), whereas another building worth AED 22,000,000 with 5 floors can bring around 10.5% ROI. The price of villas ranges between AED 6,000,000 and AED 26,000,000. The price trend of 2-bed villas with a plot size of 12,000 sq. ft. in Al Khalidiyah is significantly higher than similar properties in Abu Dhabi. This is most likely the case because these properties are based in one of the most prestigious waterfront locations in the central city.

Popular Areas of Al Khalidiyah

Al Khalidiyah Park that is located on Electra Street is a largely landscaped attraction in the area. It is also one of the most popular parks in Abu Dhabi offering great relief from the scorching heat under the shades of verdant trees that are spread over an area of 46,000 sq. m. It has a paved pathway for public walks as well as a 20-minute circuit track for jogging. The park even consists of numerous attractions for little kids such as trampolines and freestanding playground climbers. Another leisure spot in the area is the Khalidiyah Mall that faces the Mubarak Bin Mohammed Street. The 86,000 sq. m. shopping destination encompasses over 160 retail outlets that feature branded apparel, lingerie, fashion accessories, sports and activewear as well as homeware. Apart from that, Lulu Hypermarket, food court, bowling alley and Cine Royal Cinema are also present in Khalidiyah Mall.

Reasons for Investing in Al Khalidiyah

Al Khalidiyah exists in upscale neighbourhoods that are close to the central business district of Abu Dhabi. The Al Khalidiyah community also features sought-after properties that offer splendid views of the ocean. This high demand attracts more tenants, consequently increasing the rental yields of properties. Other than that, the community has a great navigational advantage; Al Maqtaa is a straight drive, accessible in around 17 minutes, the Embassies District is accessible in around 16 minutes and the Abu Dhabi downtown can be reached in just under 8 minutes.