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The Latest Apartment Sales Trend in Abu Dhabi.docx

23 Mar 2023
The Latest Apartment Sales Trend in Abu Dhabi.docx
The Latest Apartment Sales Trend in Abu Dhabi.docx
The Latest Apartment Sales Trend in Abu Dhabi.docx
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The Latest Apartment Sales Trend in Abu Dhabi.docx

  1. The Latest Apartment Sales Trend in Abu Dhabi Abu Dhabi has progressed by leaps and bounds. And it has become comparable with Dubai. At the same time, there are more attractions in Abu Dhabi and a vast pool of real estate projects. The emirate is more stable in terms of financials. Abu Dhabi has undergone a remarkable transformation in its economic circuit. Its economic policymakers have emphasized the dependence on sectors and the oil & gas industry. So, the emirate has become a multi-sector economy and is one of the most promising places to invest in different sectors. With the advancement in the economy, the emirate has attracted numerous foreigners who preferred relocating to the emirate to reap the opportunities. As such, the foreign population has been rising, resulting in the demand for real estate in Abu Dhabi. Again, the investment opportunities for foreigners in the real estate sector have increased with the amendment to the freehold ownership law. According to the amendment, foreign investors can buy freehold properties in Abu Dhabi investment zones such as Al Raha Beach, Al Reem Island, Yas Island and Saadiyat Island. And this has brought forth tremendous investment opportunities for foreign real estate investors. The amendment is part of the Abu Dhabi Economic Vision for 2030. It sets the stage to widen the economy to sectors like tourism, infrastructure, health and education, reducing the reliance on the oil&gas industry alone. The new real estate projects reflect this vision and, at the same time, provide ample opportunities for foreigners to buy real estate properties in Abu Dhabi. Types of Apartments in Abu Dhabi
  2. There is ample availability of apartments for sale in Abu Dhabi. You can purchase one for your family or rent an apartment. For investors, there is a broad mix of off-pan and ready-to-move apartments for sale. If you buy an off-plan apartment, you gain the advantage of paying the property price through a flexible payment plan. So, the apartment becomes affordable to buyers in comparison with ready flats. And many investors have invested in off-plan apartments due to the pricing advantage. In Abu Dhabi, the areas with off-plan properties are Yas Island, Al Reem Island and Saadiyat Island. You will find apartments in Abu Dhabi in different configurations–studio, 1, 2, 3 and 4- bedroom units. In addition, there are spacious 5-bed apartments. According to the prevailing standards, the prices of apartments for sale range from AED 300k to AED 21M. You will find all essential facilities in the apartments for sale, such as a laundry room, a maid’s room with an attached bathroom and a terrace or a balcony. In addition, there are shared amenities in apartment buildings in Abu Dhabi, like a gym, a swimming pool and parking spaces. In some of such apartments, casual dining restaurants, coffee shops or supermarkets are on the ground floor. If you are looking for larger units, you can focus on duplex units and luxury penthouses in Abu Dhabi. Price Trends for Apartments in Abu Dhabi Investors looking to buy apartment in Abu Dhabi will find units at affordable prices. According to the prevailing trends, the sales prices for studios are within AED 336k to AED 623k in Masdar City and Al Maryah Island. The sale prices for a 1-bedroom apartment are between AED 550k to AED 650k in Al Reef and Al Reem Island.
  3. A 2-bedroom apartment in Al Raha Beach is priced around AED 800k and AED 3.9M in Saadiyat Island. The prices for a 3-bedroom apartment can be around AED 1.4M on Yas Island and around AED 6M on Saadiyat Island and Al Raha Beach. Conclusion There are plenty of opportunities for real estate investors in Abu Dhabi. The emirate's real estate industry provides an ample supply of affordable apartments to buyers. So, if you are looking for an affordable apartment to invest in, you should actuate it.
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