Apartments for Sale in Abu Dhabi
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Abu Dhabi is a promising global destination for apartment purchases
In 2024, the interest of investors from all over the world in Abu Dhabi real estate continues to grow. The capital of the UAE, along with Dubai, attracts buyers with a high level of security, a stable political environment, a growing economy, excellent social and entertainment infrastructure and a high return on investment. The coastline is 435 mi long — the best beaches in the UAE with snow-white sand, clean water and sea air are located. All this attracts new residents and tourists to Abu Dhabi — the demand for long-term and short-term apartment rentals is growing, which provides owners with a stable passive income. Premium real estate and residences in coastal areas are of particular interest to buyers. The steadily growing demand for apartments in Abu Dhabi is driving up prices. Thus, according to Bayut statistics, in H1 2024, luxury apartments prices in Abu Dhabi increased by more than 6%, and in the budget segment — by 10%.
How to choose an apartment in Abu Dhabi?
The choice depends on your goals, budget and lifestyle — whether you want to make a profitable investment, permanently live in this residence alone or with your family, or come here on vacation. If you plan to rent a house for short-term rent, it is better to choose objects in tourist areas near beaches, bus stops, cultural attractions and popular entertainment. In this case, the infrastructure of the complex is not so important, and the picturesque views from the window will be an additional advantage. Furnished studios and 1-bedroom apartments bring the greatest benefits. And if you want to buy a flat for permanent residence or long-term rental, it is important that supermarkets, educational and medical institutions, as well as business centres are located nearby.
When buying off-plan apartments, the reputation of the developer is important — a reliable development company will deliver the project on time, and the quality of the property will be at its best.
The best areas of Abu Dhabi to buy apartments
Apartments for sale in Abu Dhabi are available in different price segments. As demand for luxury housing grows in the UAE capital, developers are launching elite projects, including in collaboration with global brands — Louvre Abu Dhabi, Four Seasons Private Residences, Nobu Residences. As a rule, such complexes are located in prestigious areas and coastal zones.
A popular area for buying luxury housing is the world-famous tourist and entertainment hub — Yas Island. This is an island with an area of 2,500 hectares, which houses the Ferrari World Abu Dhabi and Warner Bros World Abu Dhabi theme parks, Yas Marina Circuit, where Formula 1 races are held, the second largest shopping mall in the UAE, Yas Mall, Yas Links Golf Club, first-class restaurants, etc. One of the best residential projects on the island is the Sea La Vie complex, which is under construction on the coast, that offers 1–4 bedroom apartments, penthouses, lofts, as well as townhouses and duplexes. There will be an artificial lagoon with an infinity pool, a spa, a sauna, an observation deck, a multifunctional hall, as well as facilities for sports and recreation here. Among the ready-to-move apartment complexes, you can consider Water’s Edge with direct access to the beach and marina.
Cultural centre of Abu Dhabi, Saadiyat Island, is famous not only for its grandiose museums and galleries such as Louvre Abu Dhabi and Manarat Al Saadiyat, as well as the Zayed National Museum and Guggenheim Abu Dhabi that are under construction, but also for its stunning nature. The best beaches of the emirate with soft snow-white sand and the purest turquoise water, mangroves, unique flora and fauna are located here. The natural island is also home to prestigious educational institutions, including New York University Abu Dhabi and Cranleigh Abu Dhabi. Saadiyat Island offers premium apartments in Saadiyat Grove and The Arthouse by Aldar Properties, Ajwan Towers by ESK Investments and other projects.
You can also buy a flat in Abu Dhabi in the budget segment. For example, in the Al Shamkha community, which is being built far from the centre, which will have excellent infrastructure, in the Reeman Living complex by Aldar Properties.
One-bedroom apartments can be purchased for AED 600K (USD 163K). Other popular areas where affordable properties for sale are offered include Al Reef and the eco-city Masdar City.
*The price is valid for 2021
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FAQ
Yes, starting in 2019, foreigners can buy real estate in Abu Dhabi in full ownership in special freehold zones. These include popular areas such as Yas Island, Saadiyat Island, Al Maryah Island, Al Raha Beach, etc.
Yes, because Abu Dhabi continues to have a high demand for long-term rental properties and the short-term rental sector is rapidly developing due to the influx of tourists and businessmen. The return on investment is 7-8% per annum, and in some areas and projects it may be higher. You will also be able to profit from the resale of real estate, as its value is steadily increasing. Thus, in H1 2014, prices for luxury apartments increased by more than 6%, and for more affordable properties — by 10%.
The cost of the apartments depends on their size, location and infrastructure of the complex. For example, a ready-to-move 1-bedroom residence with an area of 969 sq. ft in Marina Bay by DAMAC on Al Reem Island can be bought for about AED 700K (USD 191K) as of Q3 2024. And luxury apartments in the exclusive complex under construction by Aldar Properties, Louvre Abu Dhabi Residences, of the same area — for AED 2.4M (USD 653K).
It depends on your goals and budget. If you are buying a property for rent, it is more profitable to buy 1-bedroom apartments in Abu Dhabi, located in a tourist location near transport hubs, the beach and attractions. A spacious 2-bedroom residence will be an ideal option for your own relocation or long-term rental to an expat family.