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Penthouse for Sale in Al Maryah Vista 2, Abu Dhabi

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Frequently Asked Questions

What types of properties are available for sale in Abu Dhabi?

Abu Dhabi offers several options in real estate for different budgets and lifestyles. It features different property types, from luxurious villas and modern apartments to commercial properties such as office spaces and warehouses.

Are there any restrictions for foreigners buying property in Abu Dhabi?

Foreigners in Abu Dhabi can only buy property in freehold areas of the city. These areas include Al Reef, Yas Island, Masdar City, Saadiyat Island, Lulu, Sayh Al Sedairah, etc.

What are the popular areas to buy property in Abu Dhabi?

Yas Island is one of the most popular areas in Abu Dhabi for foreigners looking to buy freehold properties. Other popular areas include Saadiyat Island, Al Reem Island, Khalifa City, and Mohammed Bin Zayed City.

What is the typical price range for properties in Abu Dhabi?

The property prices in Abu Dhabi keep changing. However, the sale price starts at AED 75,000 and goes up to AED 23,000,000 for apartments. Prices are even higher for villas and larger properties. Please note that these prices are approximate and can fluctuate based on location, type of property, and market conditions.

Who can buy property in Abu Dhabi?

UAE and non-UAE citizens (foreigners) can buy property according to property ownership regulations in Abu Dhabi.

Can non-residents sell property in Abu Dhabi?

Yes, non-residents can sell property in Abu Dhabi. Abu Dhabi’s property ownership legislation usually allows both citizens and non-residents to sell property they own.

Is purchasing property in Abu Dhabi a worthwhile investment?

Yes, purchasing a property in Abu Dhabi is a worthwhile investment as it is the UAE’s capital and the largest emirate. Abu Dhabi is also one of the wealthiest cities in the world, with a stable economy.

Is it possible for a non-citizen to acquire property in Abu Dhabi?

Yes, foreigners are allowed to buy property in Abu Dhabi.

Is the process of purchasing property in Abu Dhabi straightforward?

Purchasing a property in Abu Dhabi is simple and requires four legal steps. These steps involve drafting a contract, signing a Memorandum of Understanding (MoU), obtaining a No Objection Certificate (NOC), and transferring ownership at the Registrar’s Office.

How much is the property tax in Abu Dhabi?

No property tax is imposed in Abu Dhabi or other parts of the UAE. However, the property transfer tax in Abu Dhabi is 2% of the property value.

Is a visa granted upon purchasing property in Abu Dhabi?

Property owners, entrepreneurs, and international students with great academic records are granted long-term residency visas for five years.

What is the extent of property tax imposed on foreigners buying property in Abu Dhabi?

The UAE does not impose property taxes on property owners, residents or foreigners.

How is property valuation done for a sale in Abu Dhabi?

Property valuation for sale in Abu Dhabi can be carried out through two methods: one is by utilising the official website of the Department of Municipalities and Transport (DMT), and the other is by engaging professional valuation services directly.

Can I sell my Abu Dhabi property directly to a buyer?

You can sell your property directly to a buyer in Abu Dhabi, as no legal or regulatory barriers will restrict you from doing so.

Are there taxes or fees when selling property in Abu Dhabi?

Property owners do not need to pay any taxes in Abu Dhabi. However, a property transfer fee, typically 4%, is charged when buying or selling a property. This charge is divided equally between the buyer and the seller.

Top Real Estate Companies in Abu Dhabi

Seeking assistance from property developers in Abu Dhabi is essential if you're interested in investing in or purchasing a new property in Abu Dhabi. Here is a list of the best real estate companies in Abu Dhabi to consult with for all your requirements, from budget and property variations to the top neighbourhoods in Abu Dhabi.

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