Properties for sale in Tourist Club Area (TCA)

Recently renamed as Al Zahiyah, the district of Tourist Club Area (TCA) is one of the oldest neighbourhoods in Abu Dhabi that was named after the beach in the seventies, which served as a recreational spot. Strategically located within downtown, it still remains a tourist hub packed with many top-notch hotels, trading centres, and a variety of restaurants, coffee shops and hotels. It is adjacent to the community of Al Danah that is another important area within central Abu Dhabi.

Types of Properties in Tourist Club Area

In Tourist Club Area, most of the properties comprise mixed-used, residential and commercial buildings and sometimes vast empty lands that include commercial plots. The area is dominated by low to mid-rise buildings with a few high-rise towers established in the waterfront part of the community near Corniche Street. One of the most popular multipurpose buildings in TCA is on Mina Road that occupies 6,400 sq. ft. of floor space and has 10 floors. Apart from the 4-bedroom residential apartments, it features 4 retail shops and 8 office spaces that are centrally air-conditioned and have broadband internet access. Among the listed commercial buildings in Tourist Club Area, a tower consists of 19 (G+18) floors and another property includes 36 commercial units divided between 10 floors. Other properties for sale in Tourist Club Area include commercial plots with 4,000 sq. ft. of a land area that is located on a corner between two main streets. This property has building permission for the construction of 2 basement levels and 5 floors.

Sale Price Trends of Properties in Tourist Club Area

Currently, the starting sale price of residential buildings in Tourist Club Area is AED 13,500,000 and their asking amount ranges up to AED 120,000,000. The average price of the properties in TCA is AED 60,457,500. A residential building with 9 floors worth the aforementioned price can be purchased with a down payment of AED 10,000,000 and a monthly payment of AED 146,036, totalling up to AED 43,810,932 over a loan period of 25 years. The price of commercial buildings in Tourist Club Area starts from AED 37,000,000, but if you want to buy a commercial plot in this reputable area you can easily get it for the minimum price of AED 15,000,000.

Popular Areas of Tourist Club Area

The lively district of Tourist Club Area hold many surprises for the visitors as well as the residents in the form of a vibrant collection of amenities. One of the main attractions is the centrally located Electra Park that features an outdoor recreation green space with a playground, a basketball court and paved trails for jogging and cycling. The Tourist Club Area also presents some elite 5-star hotels with a splendid architecture such as the Majlis Grand Mercure Residence Abu Dhabi located near the Zayed The First St. and the hotel series of Beach Rotana near the 10th Street. The latter is also adjacent to one of the largest shopping destination that is dubbed as ‘The Heart of The City’ called Abu Dhabi Mall. Apart from housing Virgin Megastore, it features big retail brands such as H&M, Bath and Body Works, AK Anne Klein, Adidas Store and Kate Spade. Many favourite food chains are compiled in Abu Dhabi Mall, which are McDonald’s, Pizza Hut, P.F. Chang’s, Dunkin Donuts and Tim Hortons.

Reasons for Investing in Tourist Club Area

The district of Tourist Club Area offers limited property options for sale and therefore it is one of the most exclusive real estates in Abu Dhabi in terms of investment. If you are lucky enough to find a property of your choice, you will have a lot of reasons to appreciate that particular investment. For instance, the area features a couple of gorgeous parklands such as Electra Park and the massive Heritage Park, as well as provides direct access to the beach. Medical facilities in Tourist Club Area include Corniche Maternity Hospital and Al Salama Hospital. There isn’t a major educational institute within the community but there are many training centres such as Barefoot Creative Play and Dance Studio, English Plus Language and Training Centre LLC and Time Master Skills Development Centre.