Top 10 Areas To Invest in Abu Dhabi Property Market

The jewel of UAE, Abu Dhabi amalgamates tradition and contemporaneity. Thanks to its booming economy, innovative infrastructure and world-class services, that has escalated the growth of the real estate industry on an international scale. Let’s explore the Abu Dhabi property market for living or investing. 

Abu Dhabi Property Investment Synopsis

Abu Dhabi property market is increasingly popular due to its affordable prices as compared to Dubai. It allows foreign investors to fund the housing sector by providing complete ownership and a certain type of residency visa in some areas like Yas Island and Saadiyat Island. According to the latest report published by the Department of Municipalities and Transport (DMT), there is a remarkable surge in the real estate market, recording 10,557 property dealings, adding a value of AED 46.33 billion. Let’s explore the Abu Dhabi property market sector.

•  A Leisure Paradise- Yas Island

Nestled at the heart of this vibrant city’s real estate market lies a man-made marvel- Yas Island Abu Dhabi; a place that has redefined the notion of luxury and leisure. Home to the iconic Ferrari World, Yas Waterworld, and the Yas Marina Circuit, which hosts the annual Formula 1 Etihad Airways Abu Dhabi Grand Prix, this is where exhilaration and tranquillity merge. This year Yas Island has garnered considerable attention, boasting AED 2.6B in property transactions. The island is merely a 10-minute drive from Abu Dhabi International Airport, adding convenience for international travellers. Moreover, investing in property in Abu Dhabi, especially on Yas Island brings an average ROI of 7% annually, which is quite rewarding. For more information on the Abu Dhabi property prices, connect to the Square Yards. 

• Beacon of Cultural Excellence- Saadiyat Island

Renowned as the cultural hub of Abu Dhabi, Saadiyat Island houses the Louvre Abu Dhabi, Zayed National Museum, and the upcoming Guggenheim Abu Dhabi. Its unspoilt natural beaches and lavish residential areas seamlessly blend natural charm and elegance. It has become the best destination in the Abu Dhabi property market, witnessing a huge surge of AED 3B in real estate transactions. Embracing enriched culture and urbane living, the island provides a zestful environment to the homeowners. Residential projects, such as Aldar Jawaher Al Saadiyat and Aldar Saadiyat Reserve The Dunes, offer an integrated living experience with refined infrastructure, luxury hotels, and exquisite shopping arenas. If you’re thinking of investing in property in Abu Dhabi, the average ROI for Saadiyat Island lies between 5.1-7.2%. 

• Al Reem Island- Vision Of Modern Living 

With its strategic location, merely 600 metres off the northeastern coast of Abu Dhabi city, Al Reem Island is a modern and fast-growing residential, commercial, and business project. The spectacular island offers breathtaking sea views, high-rise apartments, shopping malls, schools, and hospitals- an ideal self-contained city lifestyle for families. Its prime location and top-notch amenities have elevated the island’s status as one of the most desirable areas among investors and end-users, contributing AED 2.4 billion in real estate transactions in the first quarter of 2023. For those seeking the best areas to buy property in Abu Dhabi, Al Reem Island presents an enticing prospect with an average ROI between 6-7.5%, adding a profitable investment hotspot. With plush residential projects like Marina Square and Gate Towers and star attractions such as Al Reem Central Park and Reem Mall, the island’s popularity continues to surge in the coming years. Looking to buy property in Abu Dhabi, contact Square Yards.

• Affordable Khalifa City

If you want a suburban lifestyle away from the hustle and bustle of the city yet close to the attractions with affordable prices. Khalifa City might be the real estate solution in Abu Dhabi. This city, with cost-effective pricing, caters to a family-friendly community, raising its appeal amongst investors and tenants in Abu Dhabi. With an average ROI of 5.6-7% per annum, Khalifa City solidifies its space within the Abu Dhabi property market.

• Embracing The Future- Al Raha Beach

Another popular investment area to buy property in Abu Dhabi that is suitable for families and individuals is Al Raha Beach. Facilitated with unique amenities, and accessibility to schools, central regions, beaches, and malls, these freehold properties feature townhouses, villas and apartments surrounded by lush greenery. In the first quarter of 2023, Al Raha Beach witnessed impressive real estate transactions, with an average return on investment (ROI) for apartments at 6.71%. Despite being one of the youngest neighbourhoods, AL Raha Beach is making its way into the Abu Dhabi real estate market, catching the eye of savvy investors.

• The Enchanting Corniche Area: Where Luxury Meets Coastal Beauty

Discover one of Abu Dhabi’s most prestigious residential locales, the Corniche Area, where opulence intertwines with the serene embrace of the sea. This majestic area offers residents an unparalleled lavish lifestyle. With stunning locations and world-class amenities, such as top-served restaurants to serene beaches, entertainment centres and cafes, every facet of the perfect lifestyle for you and your family. Additionally, quality education, healthcare institutions and accessible transportation further elevate the Corniche Area’s appeal. The Corniche Area boasts villas, duplexes, and apartments like Etihad Towers, Al Jowhara Tower, and Nation Towers that redefine luxurious living. 

• Al Maryah Island

How about living in a modern yet tranquil atmosphere that provides high-quality living? Al Maryah Island, a premium waterfront destination in close proximity to Al Reem Island, offers its residents top-notch facilities and world-class attractions. From luxurious hotels to high-end shopping malls(Galleria) and cafes, the residents can enjoy a vibrant lifestyle. There are several bus routes that pass through the centre of Al Maryah Island, offering easy accessibility to reach in other parts of the city. This upscale neighbourhood has an impressive ROI of 8.97%, attracting investors and buyers to venture into properties.

• Masdar City

Investing in properties that offer superlative amenities while promoting a sustainable lifestyle is a must, and Masdar City is the need of the hour in Abu Dhabi. Developed by Mubadala Investment Group, this mixed-use development features residential and commercial spaces with the best services and facilities, such as parks, universities, schools, and retail outlets. Masdar City lies in the vicinity of Abu Dhabi International Airport, and bustling towns like Khalifa City have become a desirable choice for families and individuals alike. It is a freehold neighbourhood that provides an ROI of 7.36%. These dwellings are some of the most upscale residential projects in the Emirate, featuring studio apartments and plush 2 or 3-BHK apartments. 

• Al Khalidiyah

If you’re still confused regarding the best place to buy property in Abu Dhabi—consider Al Khalidiyah, a vibrant suburb that lies near the Corniche. This extensive neighbourhood is known for its lavish apartments, the hub of leisure activities and diverse community. It boasts a cosmopolitan character, an amalgamation of modern developments and Emirati style. Its central location connects to popular landmarks, including Khalidiya Mall, Corniche Beach, schools, parks, and other entertainment zones. It offers serene yet stylish living. If residing in towers is your preference, the renowned Golden Tower and Al Ain Tower are notable options. However, if you prefer living in communities, Khalidiya Street and Corniche Al Khalidiyah are highly regarded destinations.

• Mohammed Bin Zayed City

Are you searching for affordable and spacious apartments? Mohamed Bin Zayed City (MBZ) might be a suitable choice that caters to all the needs of the residents. Situated in the southern part of Abu Dhabi, it comprises townhouses, apartments, discreet villas and compound homes. It is home to public parks, open spaces, entertainment zones, and esteemed malls, including the Deerfields Mall and Mazyad Mall. With its immense popularity amongst expats and Emiratis, it is one of the most sought-after and economical residential communities seeking a harmonious and family-friendly lifestyle.

Insightful Tips for Investing in Abu Dhabi’s Real Estate Market

There are some elementary steps for buyers to understand the market scenarios of the influential Abu Dhabi real estate sector before making an informed decision.

• • Access current market scenarios along with the prospect of future conditions to ensure whether it is a profitable purchase or not.
  • The most important aspect before buying the property is location, areas like Yas Island, Saadiyat Island, Al Reem Island, and Khalifa City are the current hotspots in Abu Dhabi real estate. 
  • The choice between an apartment, villa, or commercial property depends on your investment goals. If you’re planning for rental income, apartments in high-end areas can be a smart choice. Villas in family-friendly communities may yield higher rents but come with higher maintenance costs.
  • Understand the legal framework of Abu Dhabi before making any decision. Foreign investors can purchase freehold property in designated investment zones, such as Saadiyat Island in Abu Dhabi.
  • If you’re new in this real estate game seek expert advice and connect to Square Yards.
  • Consider your budget because other than the property’s purchase price, there are additional costs like maintenance fees, property taxes, and potential periods of vacancy if you’re planning to rent out the property.

ROI for Properties in Abu Dhabi

The capital of UAE, Abu Dhabi, is evolving, offering modernised living with a stable economy which leads to a boom in the real estate sector. While the average ROI can vary significantly depending on the location and type of property, several areas in Abu Dhabi offer promising returns. Take Yas Island and Saadiyat Island, for instance, which offer top-notch facilities and the highest returns, luring potential buyers to invest in the real estate sector. The family-friendly community of Khalifa City, one of the most popular neighbourhoods among tenants, offers the highest ROI on bedroom villas, ranging between 6.3-7%, and even the developing Al Raha beach provides good returns. 

In a Nutshell

The city offers a wide spectrum of residential options, from the thrilling allure of Yas Island to the cultural vibrance of Saadiyat Island, or the urbane Al Reem Island, to the affordable family living of Khalifa City. For more queries on real estate and property investment, contact Square Yards.

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