Abu Dhabi registered the highest growth in rental rates since 2016
The real estate market in Abu Dhabi today continues to grow steadily, continuing to create excellent new investment opportunities. Developers continue to create new, modern and interesting projects – individual houses, entire areas and even new islands. The legislation also encourages foreigners to invest in new real estate – now they can buy real estate and land ownership in 17 territories of a fairly large area.
For investment in Abu Dhabi, there are many projects available for every taste and for different financial possibilities. However, in order not to be mistaken with the choice, it is important to study in detail the available real estate objects, paying special attention to their location. As you know, a properly selected area that meets the goal of the project is the key to success. We offer you a list of the most successful districts of Abu Dhabi with a detailed description.
Al Reem Island is the most popular area of the city in recent years. According to statistics, it ranks first in terms of the number of apartments sold last year.
This area is located quite close to both the city center and the neighboring islands (Saadiyat and Al-Marya). The small island is ideally located for everything you need for a comfortable life, surrounded by stunning landscapes. There are residential buildings, schools, offices, shops and all the necessary amenities. Housing prices vary depending on the property you are interested in. So, studios in the center start at USD 102,000. On the outskirts, you can find not only apartments, but also houses that are quite affordable at prices.
ROI coefficient is quite high here – from 7%, and for small studios – about 8.7%.
Al Raha Beach is another very popular area for both investment and living. This area is located on the coast, between the main cities of the country – Abu Dhabi and Dubai. The area is home to several successful communities, but the most popular are Al Muneera, Al Zeina and Al Bandar. Here, real estate for every taste is available for purchase: both small apartments and townhouses or even spacious villas and penthouses. The price for a one-room apartment here is around USD 217.809. At the same time, the ROI ratio is about 7%. If you do not plan to buy a home yet, you can also rent it – the rental price per year is USD 15.791.
Al Reef is an area that consists of two parts: the center, Al Reef Downtown, and a residential area consisting of villas located around the center – Al Reef Villas. This area is designed for the middle class and is very popular among investors, including expats. The project was created by the developer Manazel Real Estate.
In AL Reef Downtown there are primarily studios, one and two bedroom apartments, but there are also more spacious options. Apartment prices start from USD 173.430. However, if you are looking for family accommodation, the Al Reef Villas area is more suitable as there are many great options. Two bedroom villas start at USD 19.058.
The ROI in this area is very high: from 7.1%, and for small apartments it reaches 9.3%.
Saadiyat Island is renowned not only as an investment destination, but also as a center of social and cultural life. There are a huge number of attractions here – museums of history and culture, famous social projects such as The Guggenheim Abu Dhabi, and much more. There are a large number of villas and houses under construction, which makes them an excellent investment option. In addition to residential buildings, the island also hosts world-famous hotels, country clubs and beaches. Villas here cost from USD 1.358.555, and ROI for them is from 5%, while for apartments it is much higher – from 7.8%.
Yas Island is a popular island known for its luxury environment. There are plenty of entertainment opportunities and world-class attractions, including the Yas Marina Circuit, home to the Formula 1 Grand Prix, Yas Links Golf Club, the open-air theater Du Arena and more. As for residential development, a large number of villas are currently for sale, both under construction and ready-made. In terms of investment, this is a very profitable area – the ROI for a studio today is from 8.1%. Apartment prices start from USD 140.214.
Masdar City is a modern eco-friendly area built to the highest standards. This is a government project aimed at preserving the unique local ecosystem. Investors value this area for its eco-friendly and economical lifestyle. Here you can buy studios, apartments or villas. A studio costs an average of USD 135.856.
Al Ghadeer is a promising growing area on the outskirts of Abu Dhabi. It is profitable to buy real estate for investment here – ROI in this area is in third place in the country with an indicator of 8%. Many promising projects here are still under construction, but some have already been completed, such as Al Waha and Al Khaleej Village. Interesting ecological projects are also planned here – some plots are specially designed to be leased for growing organic vegetables, which will then be sold on the local market. Housing prices are quite reasonable here – about USD 103.730 for a studio.
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