Abu Dhabi Rentals Report for the first half of 2022
The Emirati capital is known for its highly-developed infrastructure, its wide range of entertainment and leisure facilities, white sandy beaches, as well as job and business opportunities. These are the key reasons why Abu Dhabi is a desirable destination for foreigners wishing to change their lives drastically and move to the UAE. In this article we will inform you about the projects which have come out in Abu Dhabi this year and have already attracted the attention of citizens, expats and investors, looking for a stable income due to their unique features, premium amenities and strategic locations.
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Louvre Abu Dhabi Residences is a premium complex developed by Aldar Properties, the leading developer of the emirate. The project is located in the Cultural District of Saadiyat Island. Anyone will find a unit corresponding to their needs, as you can choose from studios, 1–3 bedroom apartments and 5-bedroom penthouses. The total number of units is 186, and each of them comes with a spacious terrace or balcony, from where you will get breathtaking views of Louvre Abu Dhabi, the Zayed National Museum which is going to appear very soon, and the boulevard.
The development will offer a great number of luxurious amenities, which include:
Residents will also get access to a range of services, such as:
Louvre Abu Dhabi Residences will be located in Saadiyat Grove, which is a premium community within the Cultural District of Saadiyat Island. Via Jacques Chirac Street residents of the development will be able to get to any area of the Emirati capital within a short period of time. Thus, travel time to the center of Abu Dhabi takes just 15 minutes, whilst Yas Island will take 20 minutes to get to. The project is planned to be completed in Q1 2025 and the initial cost of a 1-bedroom apartment is AED 1,390,000 (USD 378,000).
Grove Museum Views by Aldar Properties is another project located in Saadiyat Grove. The development will be especially appreciated by those wishing to have access to amenities right on their doorstep.
Future residents can choose a unit from studios and 1 and 2-bedroom apartments with living areas ranging from 482 sq. ft to 1,494 sq. ft. Among the views from residences will be the Arabian Gulf and views of the nearby museums. Properties will come with smart home systems and built-in appliances, and owners will also appreciate the biophilia themed interior design finishes and fixtures. Each unit will come with its own parking space.
Among the main amenities and services of Grove Museum Views ones can consider:
Within a 5–20 minute drive residents of Grove Museum Views can get to:
Yas Island is considered the entertainment hub of the Emirati capital with a wide range of attractions for visitors of any age. Yas Golf Collection is also one of the latest projects by Aldar Properties. The development has already attracted local residents and foreigners wishing to experience a family-friendly lifestyle here.
Future owners can choose from 1,062 units which overlook the Yas Links Golf Course, the Arabian Gulf, the mangroves and its surroundings. Among the units on offer are studios and 1–3 bedroom apartments. All apartments come with balconies, where residents will get an opportunity to relax with their close ones after a tiring day.
Anyone can find a residential unit in Yas Golf Collection corresponding to his/her needs and budget. For instance, Souq Furnished Apartments will consist of four buildings and offer 140 units such as studios and 1-bedroom apartments with living areas from 456 sq. ft to 889 sq. ft. Souq Furnished Apartments will be located around the Yas Souq which will also have retail options. Another interesting option is Residences C with 127 units including studios and 1-3 bedroom apartments with living areas from 460 sq. ft to 2,982 sq. ft. Studios and 1-bedroom units will come fully furnished, and future owners will get a chance to choose their own interiors.
Among the key amenities which will be offered to those living in Yas Golf Collection, are:
A range of social infrastructure objects and local landmarks will be located within close proximity to Yas Golf Collection. Travel time to Saadiyat Island will take 20 minutes, whilst the center of Abu Dhabi will be reachable in 30 minutes. Within an hour residents can get to Dubai
Note: Yas Island is known for its endless entertainment venues. Among the most famous is Warner Bros. World Abu Dhabi, which is divided into 6 thematic lands and attracts visitors of any age. You can find out more information in this article about this attraction.
The initial cost of a 1-bedroom apartment in Yas Golf Collection is AED 1,180,000 (USD 321,000). There is no doubt that the development will be in high demand among local residents, tourists and expats, therefore, purchasing a unit here can become a profitable investment. The average ROI on Yas Island is 8% per annum.
Yas Park Gate by Aldar Properties is another luxurious development located on Yas Island, located steps away from Yas Park. This townhouse & villa community offers 508 units, which include 2–3 bedroom townhouses and 4 bedroom villas with living areas ranging from 1,334 sq. ft to 2,497 sq. ft.
There is an opportunity to choose a townhouse from two finishes named Light & Airy and Dark & Rich. Each unit will come with a spacious living/dining room, a terrace, a private garden, a maid’s room with en-suite bathroom, storage space and much more. Villas will also include private pools.
Among the premium amenities which will be available to residents of Yas Park Gate, are:
Residents will be able to enjoy everything Yas Park Gate has to offer, however, future residents might also be interested in the nearby entertainment activities, which include the following options:
The starting price of a townhouse in Yas Park Gate is AED 1,739,000 (USD 473,000), while a villa will cost from AED 2,126,000 (USD 579,000). The construction of the project is planned to begin in Q1 2023 and will be completed in Q1 2026.
Sunset Valley is a residential project by Q Properties, located in the community of Reem Hills on Al Reem Island. The development is the perfect option for those wishing to experience a family-friendly lifestyle whilst easily being able to get to other areas of the emirate.
Future residents can choose from 3-bedroom townhouses and 4-bedroom twin villas with living areas ranging from 2,378 sq. ft to 3,887 sq. ft. Floor-to-ceiling windows will provide properties with sunlight throughout the day, while a spacious living/dining room and a family lounge are the ideal places to spend time with your close ones. The master bedroom will come with a walk-in closet and an en-suite bathroom. Each unit also includes a maid’s room, a private garden, two-three parking spaces and roof decks.
Among the key amenities in Sunset Valley are:
Note: Al Reem Island offers a number of well-known education institutions. Sorbonne University Abu Dhabi, which is considered one of the top universities in the emirate, is also located here. Among the programmes that are popular among local and forein students are Business Communication, Archaeology, Banking and Economics.
If you are interested in purchasing a property in Abu Dhabi, Metropolitan Capital Real Estate will be glad to provide you with the latest information about the real estate market within the emirate and help you to choose the best property. We will lead you through all stages of the transaction, prepare all the documents and solve any possible issues. In addition, we are ready to provide you with property management services, which means that our real estate agents will find tenants, conclude agreements and send money straight to your bank account.
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