Where Can You Get The Highest ROI In Abu Dhabi?
For an investor, location, developer reputation and payment options are some of the key criteria that need to be addressed when choosing a property. But there are three letters that trump them all, ROI. Today, we are taking a closer look at the real estate market in the capital and reveal the top five areas where investors can expect the best ROI in Abu Dhabi, as per listings on Bayut.com from June 2017 to December 2017.
1. al reef at 7.67%
Al Reef is a purely residential community made up of four villages of villas, designed to reflect distinct architectural themes – Contemporary, Desert, Arabian and Mediterranean, set in lush, landscaped environments, with each equipped with gyms, community swimming pools and children’s parks. These village clusters surround a ‘Downtown’ of retail and low-rise apartments, also with their own recreational and leisure amenities.
When it comes to the properties themselves, villas in Al Reef range in configuration from two to five bedrooms, with comfortable gardens and (depending on the unit), a private swimming pool. Apartments, on the other hand, are studios, one, two or three bedrooms, several with uninterrupted views of the gorgeous neighbourhood. In addition to flats, Al Reef’s Downtown area has a green plaza and all manner of convenient retail and service outlets, from groceries to salons, cafes to dry cleaners.
Family-friendly Al Reef can be found in an enviably convenient location, next to Abu Dhabi International Airport, by the Ghweifat International Highway (E11) and Sheikh Khalifa Highway (E12). The proximity to the airport may cause some investors to be concerned about how the sound of aeroplanes will affect potential rent revenue but they needn’t worry – each property comes with soundproof windows, drastically diminishing the noise that enters the house.
What’s more, Al Reef is close enough to the capital and Dubai to make commuting a breeze – it’s idyllic suburbia without the price tag!
al reef property prices and roi
Studio apartments in Al Reef have a starting sale price of AED 570K while 2-bed villas start at AED 1.2M – averaging AED 752/sq. ft. across both property types.* Al Reef also delivers the highest average ROI for both apartments and villas at 7.67%.
2. Al Ghadeer at 7.40%
Developed by Aldar, Al Ghadeer is a picturesque and serene gated community made up of villas, townhouses, low-rise apartment blocks and a few commercial and retail spaces set in a completely landscaped surroundings.
Apartments in Al Ghadeer are spacious, bright and airy, with investors being able to choose between studio, one and two bedroom units, complete with underground parking. Villas and townhouses on the other hand range between two and three bedrooms with gardens and access to Al Ghadeer’s fantastic amenities, including a well-stocked grocery, coffee shop and other services. All residents can enjoy access to one of several gorgeous swimming pools, state-of-art gyms, clubhouse, children’s play areas and basketball court. The pedestrian and pet-friendly, leafy, tree-lined community also has several green spaces and ponds where residents can often be seen feeding ducks.
One of the most attractive features of Al Ghadeer however, is its location – on the Abu Dhabi-Dubai border near the Al Maktoum International Airport, Jebel Ali and the site of Expo2020 in Dubai South (although it is also easy to commute to other southern parts of the city on a daily basis). This makes it a popular option for families who live their lives in Dubai since several Jebel Ali Schools arrange for school buses to service the community. For those who are more focused on Abu Dhabi, Al Ghadeer is just 15 minutes from Ghantoot and about 25 from the Khalifa Industrial Zone Abu Dhabi.
Al Ghadeer is a hidden residential gem, mixing wonderfully finished properties with affordability, situated in such a way that you’ll feel like you’re having a staycation every time you go home.
al ghadeer property prices and roi
Interested investors can expect to pay AED 400K upwards for studio flats in Al Ghadeer, while the asking price for 2-bed townhouses starts at AED 1.05M. Al Ghadeer delivers an average of 7.40% ROI with the average square foot price being AED 985.
3. Al raha beach at 7.17%
The sparkling Al Raha Beach (also launched by Aldar) is one of the city’s most in-demand waterfront communities, consisting of villas and upscale apartment towers, contemporarily designed to complement their environment.
The residential communities of Al Raha Beach are spread into three areas, Al Bandar, Al Zeina and Al Muneera. Apartment towers in the former, Al Bandar island consists of contemporary flats, duplexes, lofts and larger units that are perfectly suited for families – most of them with breathtaking views of neighbouring Yas Island across the turquoise sea by Al Bandar’s marina. Meanwhile, Al Zeina and Al Muneera have luxurious apartments as well as townhouses, podium and sky villas. Villas and townhouses on Al Raha Beach range from three to six bedrooms while apartments are either studios, one, two, three or four bedrooms.
The three communities are similar in the breadth of world-class facilities afforded to residents, like swimming pools, recreational areas for families, adults and children, swimming pools and gyms. However, they still have their own unique character and amenities that are accessible to all residents. For example, retail, F&B and watersports lovers should head to Al Bandar, while those yearning to relax on a private beach with a laidback boardwalk vibe shouldn’t look much further than Al Zeina.
The development can be found on mainland Abu Dhabi (another reason for the slightly more affordable prices), next to Khalifa City A and across the water from Yas Island. It’s roughly 20 minutes from the centre of the city, while the entertainment options on Yas Island are only 5 minutes away.
If you are planning to buy an apartment in Abu Dhabi, you can commence your search with the flats in Al Raha Beach.
al RAHA BEACH property prices and roi
If a studio apartment in Al Raha Beach is what you’re interested in, prices start at AED 810K, while three bedroom townhouses go for AED 3.8M upwards*. Purchasing property here will set you back roughly AED 1,394/ sq. ft for an average expected ROI of 7.17%.
4. al raha gardens at 7.10%
Al Raha Gardens, a peaceful area on the sought-after Al Raha Beach, is best known for being the first development where ownership was offered to Emiratis. This tranquil neighbourhood comprises just of villas, making it a hit amongst families looking for convenience and an upscale lifestyle.
Investors and homebuyers can choose from three to five-bedroom villas and townhouses, nestled in green environs, each with wonderful gardens, maid’s room, dedicated parking, balconies and state of the art finishes as can be expected from their developer, Aldar. Apart from facilities such as schools, nursery, community centre, health club, children’s play areas and place to relax, the neighbourhood is right next to the very many leisure and retail amenities of the master-planned Al Raha Beach development.
Coupled with its convenient geographical location (Salam Street provides access to the main city), Al Raha Garden is sure to remain a perennial favourite amongst families craving a taste of the quiet life while still being close to the action.
al RAHA GARDENs property prices and roi
Three-bedroom villas in Al Raha Gardens start at AED 2.7M, while the average price per square foot is AED 821 with investors receiving an average ROI of 7.10%.
5. al reem island at 7.09%
As per our Abu Dhabi Market Report for 2017, Al Reem Island remains one of the most popular areas for purchasing in Abu Dhabi property. Mixed-use Al Reem Island is the brainchild of Sorouh Real Estate, Tamouh Reem Developers and Reem Developers, and offers foreign real estate investors the ability to buy a variety of villas and apartments, townhouses and villas as freehold.
Homebuyers can select from a range of different two to five-bedroom villas and studio to five-bedroom apartments across Al Reem Island. The actual design of the island has been inspired by classic Moroccan and Spanish architecture, the perfect setting for residents to enjoy all the mod-cons that the development offers. These conveniences include swimming pools, rec centres, health clubs and children’s play areas. The neighbourhood even has schools and all manner of services such as dry cleaners, salons and groceries.
In addition to the residential area of Al Reem Island are a commercial and business zone. The former will have enticing retail outlets, restaurants, art galleries, theatres and more while; the latter will serve as a global business hub – Al Reem Island is a veritable city within a city that is perfect for families and business professionals alike, it has it all!
Al Reem Island can be found on one of Abu Dhabi’s many natural islands, around 600 metres away from the northeastern coast of the city. To find out more about what living on Al Reem Island is like, check out these pros and cons.
al Reem island property prices and roi
Investors can snap up studio apartments from AED 419K and 2-bedroom townhouses from about AED 2.97M*. In terms of price per area, property on Al Reem Island goes for an average of AED 1197/ sq.ft. for an estimated ROI of 7.09%.
For the full list of popular areas with the best ROI in Abu Dhabi, please refer to the infographic below:
For more information about Abu Dhabi property, check out these upcoming developments that we’re excited to see in 2018!
*Prices based on data from Bayut.com at time of publishing.