Abu Dhabi Real Estate

Abu Dhabi Real Estate

Abu Dhabi is the capital city of the United Arab Emirates (UAE) and boasts a highly developed infrastructure and advanced connectivity. The Abu Dhabi real estate market is among the most attractive markets for investors and buyers alike. Most of the real estate market is dominated by high-end residential apartments and villas, with a small portion reserved for commercial and industrial properties. The market is highly regulated by the Abu Dhabi Urban Planning Council and the Department of Urban Planning and Municipalities, with various laws and regulations in place to protect the interests of buyers and sellers. 

The market is strong, with prices increasing in recent years, especially in the high-end segment. The robust economy of Abu Dhabi, the second-largest emirate in the United Arab Emirates, drives the increasing demand for high-end properties. Abu Dhabi is home to some of the world's most iconic skyscrapers, such as the world’s largest Ferris wheel and the world’s tallest building, the Burj Khalifa. 

As a result, the Abu Dhabi real estate market is highly sought after by investors worldwide, particularly from Asia and the Middle East. Prices are expected to rise due to the strong economic factors and the growing popularity of the Emirate.

Market Size of Real Estate in Abu Dhabi 

House prices have been increasing in the more sought-after areas while remaining steady in the other areas. Although the Abu Dhabi real estate market showed a decline due to the pandemic, which decreased the rent income by 8.8%; therefore, specific steps were taken to stabilise the market again. Rental rates have also increased in the past few years but remain affordable compared to other major cities in the region. The market is attractive due to various incentives, including attractive mortgages and no capital gains tax. 

Infrastructure and Connectivity

The city has a modern transportation system, including an international airport, a metro system, and a bus network. Abu Dhabi also has an extensive road network with modern highways and bridges, making navigating the city easy. The advanced telecommunications network provides high-speed internet access and various telecommunications services. Likewise, Abu Dhabi has invested heavily in renewable energy sources such as solar power to meet its growing energy demands sustainably. Abu Dhabi's infrastructure and connectivity are highly advanced, making it a modern and efficient city to live in or visit.

Demographic Statistics by Population

Emiratis comprise about 10% of the total population, making the UAE one of the countries with the highest percentage of expatriates globally. Indians and Pakistanis include the largest expatriate groups, accounting for 28% and 12% of the country's population.

Lifestyle, Home & Living

Abu Dhabi is the capital city of the United Arab Emirates and is known for its modern, luxurious lifestyle. The city boasts world-class infrastructure, high-end shopping malls, fine dining restaurants, and cultural landmarks. The living conditions in Abu Dhabi are generally considered to be comfortable and safe, with well-maintained public spaces and a low crime rate. Expats and locals enjoy a high living standard with excellent healthcare, education, and recreational facilities. The climate can be hot and humid during the summer, but the city offers various indoor activities and entertainment options to beat the heat.

Real Estate Demand & Opportunities 

Abu Dhabi is a rapidly growing city that attracts more real estate investors due to its robust economy, favourable business environment, and stable political situation. The demand for property in Abu Dhabi is high, with a diverse range of investors, from local Emiratis to foreign investors looking to make a profitable investment. The real estate sector in Abu Dhabi is diverse, with opportunities in residential, commercial, and industrial properties. The residential sector is in high demand, with a growing population and a thriving tourism industry. 

The commercial sector is also expanding, with more businesses establishing their presence in the city, leading to a need for office and retail spaces. The industrial sector is also growing, with the government investing in new industrial parks and manufacturing facilities.

Foreign investors can own property in Abu Dhabi through freehold ownership, leasehold ownership, or long-term leasehold ownership. Investing in property in Abu Dhabi is straightforward, with clear regulations and laws protecting investors' rights.

The government of Abu Dhabi is also investing heavily in infrastructure and public facilities, further boosting the demand for real estate to make it more favourable for potential investors. This has led to new residential communities, commercial hubs, and industrial zones.

Top Localities with Price Trends

Some of the top localities of Abu Dhabi are listed below : (Note: consider for Sale and Rent)

• Yas Island

Yas Island is one of the best places to invest; with thrilling destinations and luxurious townhouses, this is one of the best places to live in Abu Dhabi. It is located 20 Km east of the city centre and is situated just 15 minutes away from Abu Dhabi Airport. The residents vary from apartments to township villas to fit everyone's needs. You can find Ferrari World, Yas Beach, Yas Marina, Marina Circuit, west Yas Plaza, Yas mall and much more in Abu Dhabi real estate on Yas Island.

• Corniche Area

Corniche is located on the Northwest side of Anu Dhabi on the coast. What is more relaxing than waking up to a view of luxurious skyscrapers and clear skies. Corniche has beaches close to the residents, flourishing with a modern market. Some extraordinary residential projects include Etihad Towers, Al Jowhara, Nation Towers and more.

• Saadiyat Island

Saadiyat Island is the cultural hub of the Abu Dhabi real estate market. Located in the heart of the Emirate between Al Jubail and Zayed Port. It is just 20 minutes from Abu Dhabi Airport. Facilities in Saadiyat include cafes, restaurants, museums, Saadiyat golf club and more.

• Al Reef

Al Reef is the most popular residential address in Abu Dhabi. With sub-communities of Al Reef Villas and Al Reef Downtown, this place consists of Deerfields mall, Al Reef mall, green mart, schools, hospitality projects, hospitals and more. The real estate market of Al Reef consists of townhouses, villas and apartments.

• Khalifa City

Who doesn't want a life away from all the hustle and bustle? Khalifa is filled with entertainment like the Khalifa City splash park, central mall, Al Forsan and more. It is located on the east side of Abu Dhabi and just 20 minutes from the international airport of Abu Dhabi.

Projects in Abu Dhabi : New Project Highlights

Many new projects are currently under construction in and around Abu Dhabi. Some of them are listed below : 

• Reem Hills 
• Jubail Island Project 
• Abrahamic Family House 
• LXR Hotels and Resorts 
• Etihad Rail
• Saadiyat Grove
• Natural History Museum 
• Mina Zayed 
• Yas Creative Hub 
• Louvre Abu Dhabi Residences 
• Al Reem mall 
• Guggenheim Abu Dhabi

Why Invest in Abu Dhabi Real Estate?

Abu Dhabi has a growing economy and a thriving real estate market. There are several reasons why investing in properties in Abu Dhabi can be a wise decision.

Abu Dhabi's real estate market has been a real game changer for the emirate; it is also considered a significant source of its income and has played a part in UAE’s economic growth together over the past two decades. This makes it an attractive location for businesses and individuals looking to invest in property.

The government of Abu Dhabi has taken numerous steps to attract foreign investors, such as allowing foreigners to own property in designated areas. This has led to an influx of foreign investment, further boosting the real estate market.

The strategic location of Abu Dhabi consists of deserts surrounded by the Persian Gulf and the Arabian Sea. Abu Dhabi is the hub for international business. With a large ex-pat population and a growing tourism industry, the area is in high demand for quality properties and projects. With a high standard of living and world-class infrastructure, Abu Dhabi is a great place to invest in. 

Abu Dhabi Top Real Estate Companies:

Some of the well-known and excellent developers of Abu Dhabi real estate are listed below : 

• Aldar Properties

Aldhar has been a well-known developer in Abu Dhabi real estate market since 2005. They have been a part of the massive infrastructure developments of the Emirate and merged with UAE's most prominent development company Sorouh real estate, in 2013. The company has developed over 26,000 residential projects and 2800 hotels, covering at least 34.2 Million Sq. Ft. Of office space and 52.2 Million Sq. Ft. Retail space for the Emirate.

• IMKAN

IMKAN is an international real estate company established in Abu Dhabi real estate market in 2017. It is a part of the ADVG group (Abu Dhabi Capital Group), with its recent entry into the market; they have 26 residential and commercial and hospitality projects spanning over three continents in 7 countries.

• Reportage Properties

Reportage Properties was established in 2014; it is counted as one of the UAE's prestigious private developers and builders. With their recent entry into the Egyptian market, the company had experience in Dubai, Abu Dhabi and Cairo markets.