Abu Dhabi is the capital of the United Arab Emirates and the second most populous emirate after Dubai. It has a strong and stable economy, making it a top choice for investors. The real estate market in Abu Dhabi offers a variety of properties and is growing consistently over recent years to meet the demand for more housing and a better lifestyle for the increasing number of professionals and entrepreneurs moving to the emirate. As a mortgage is available at low-interest rates, many people tend to purchase their own villas or apartments.
The emirate has everything for a good life. Residents enjoy easy access to transport facilities, workplaces, amazing entertainment and shopping sites. Parents find convenience for their children as there are enough high-end schooling and educational facilities. In short, Abu Dhabi caters to everyone. The increasing number of people moving into the emirate pushes real estate to grow, with companies competing hence building modern and better architecture. From the coast of Abu Dhabi to Al Ain near the border, there is a myriad of options, and Zoom Property has listings both for locals and expats to invest and buy a property in Abu Dhabi. These listings cover a wide range of sizes and prices, so no matter what the budget, Zoom Property can cater to your requirements!
Properties for sale in Abu Dhabi can be distributed among several areas as per their size. The top choice for apartments in Abu Dhabi is Al Raha Beach and Al Reem Island. These locations provide stunning sea views. Al Reem is also known for its commercial spaces, offices and shops. Al Reef and Yas Island communities are famous for their beautiful villas equipped with high-end modern amenities. These sites are situated near Abu Dhabi International Airport and are included in freehold areas; hence, they are very popular among foreigners looking to invest.
Due to its friendly neighbourhoods, green spaces, and family-oriented community, if you are planning to move to Abu Dhabi with your family, it is a wise decision. Going by the trends, the investment made will give a manifold return.
A 1-bed apartment unit starts at around 200,000 AED, while the average price of 2-bed and 3-bed apartments in Abu Dhabi is 600,000 AED and 900,000 AED, respectively. Similarly, the average sale price of townhouses and villas is 800,000 AED and 700,000 AED. As for commercial spaces, a small office of 300 sq. ft. can cost 450,000 AED, while a retail shop of the same size can cost 500,000 AED.
Can foreigners buy property in Abu Dhabi?
Yes! Available areas in Abu Dhabi where foreigners can own property. These areas are: Yas Island, Saadiyat Island, Al Raha Beach, Al Reef, Reem, Masdar City, Mariya, Lulu and Sauh Al Sedairah.
Where do expats live in Abu Dhabi?
Khalidiya, the famous suburb around Sheikh Zayed, is the most popular place for expats living in Abu Dhabi, with Europeans and Brits making up most of the expat population.
Is it cheaper to live in Dubai or Abu Dhabi?
Abu Dhabi is the capital of the United Arab Emirates and is richer than Dubai. At the same time, Dubai is more trusted with overseas investment due to the market dynamics. As far as the cost of living is concerned, it’s more in Abu Dubai than in Dubai.
Is Reem Island a good place to live?
Yes, life at Reem island is always exciting. Apart from stunning oceanic views, there are a lot of activities for entertainment and leisure, including festivals and tourist destinations.
Is it better to buy an apartment in Dubai or Abu Dhabi??
Both emirates are good for real estate investment. Dubai offers a lot more variety promising a manifold return on properties, but on the other hand, Abu Dhabi is the most financially stable emirate in the UAE.