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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.
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.
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.
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.
UAE and non-UAE citizens (foreigners) can buy property according to property ownership regulations 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.
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.
Yes, foreigners are allowed to buy property in Abu Dhabi.
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.
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.
Property owners, entrepreneurs, and international students with great academic records are granted long-term residency visas for five years.
The UAE does not impose property taxes on property owners, residents or foreigners.
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.
You can sell your property directly to a buyer in Abu Dhabi, as no legal or regulatory barriers will restrict you from doing so.
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.