Land for sale in Abu Dhabi
LARGE LAND IN AL GURM | PRIVATE & LUXURIOUS
- 11,625 Sqft
Buying a Land for Sale in Abu Dhabi
Abu Dhabi is the capital of the UAE and has the strongest and most stable economy of all seven emirates. As it is one of the most sought-after cities in the world to live in, the real estate market of Abu Dhabi is a treat! Of the properties available in Abu Dhabi, investing in land is a wise option for a multitude of reasons. Owing a land in Abu Dhabi allows you to experience the incredible feeling of participating in the thriving and world-renowned emirate. As it is a globally favourite destination both among residents and professionals, the expat population continues to grow, giving you a duet of benefits: exposure to opportunities and an increase in the value of your investment. If you own a plot in such a place, you can tailor your investment, run your imagination wild and construct a building that profits you manifold.
A Quick Tip: While you are planning to buy land in Abu Dhabi, ensure you are in line with zoning laws and regulations in Abu Dhabi that determine what you can and cannot do with the land.
Abu Dhabi's real estate does not show any sign of slowing down. In fact, it continues to challenge world records with projects like the fastest roller coaster, the tower with prominent lean, and the largest cluster of buildings in the 21st century. Such projects maintain this emirate as an attractive living spot which consequently benefits the real estate investors and owners of land in Abu Dhabi.
Purchasing a Plot in the Promising Developments of Abu Dhabi
Since the government allowed foreigners to own land in UAE, its economy experienced robust growth via the real estate sector. This amendment in ownership law came as an invitation to global investors who already seemed to be on the hunt.
There are many areas to buy Abu Dhabi land in, with different regions having different demands. Of these, Al Shamkha is a large neighbourhood located on the northeastern side of Abu Dhabi. Land for sale in Al Shamkha is in high demand as various new developments are being built and have a strong potential for growth. Zoom Property has listed more than 300 Land or Plots in this area with authentic and accurate descriptions.
Next, the family-friendly community of Yas Island is a great place to own land in Abu Dhabi. Since Yas Island has already established itself as a great spot to settle down permanently, investing in land here is bound to give a handsome return. Al Reem Island is another area with a high demand for Abu Dhabi land. This mixed-purpose community is of special interest to investors as it is one of the first freehold zones in Abu Dhabi.
Is buying property in Abu Dhabi tax-free?
Yes, UAE does not impose any tax on property owners. The only additional cost you must bear is the one-time transaction and registration fees.
What happens after a 99-year leasehold in Abu Dhabi?
The 99-year or less leasehold grants a person ownership rights to the house but not the land. Once this period is over, the land or the right of the property goes back to its freeholder.
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