Real estate expert considers Abu Dhabi a great location to live in

According to a real estate expert, Abu Dhabi is a comfortable place to live, which is due to many factors, including government initiatives, large infrastructure projects and a dynamically developing society.

The Emirate attracts new residents and specialists with 10-year Golden Visas, as well as visas for pensioners, entrepreneurs and freelancers. Such measures allow foreign citizens to stay in Abu Dhabi over a long period of time and take advantage of other benefits.

Important infrastructure facilities are being created in the UAE capital. Major transport highways are being built here, including the ambitious Etihad Rail project, which will improve transport links in the emirate and beyond, as well as attract local and international investors.

As for the residential real estate sector, there has been growth in Abu Dhabi in recent years, which provides new opportunities for developers, buyers and investors.

Potential residents increasingly prefer multifunctional gated communities, where many amenities are provided on-site, including open green areas and water spaces.

The expert believes that in 2023 and in the following years to come, real estate prices and rental costs will continue to increase. This is influenced by Abu Dhabi’s reputation as one of the world’s leading markets in this area, due to a stable economy and rising housing prices.

On July 3, 2023, new rules for the purchase and sale of real estate in Abu Dhabi came into force. The Department of Municipalities and Transport (DMT) has presented a unified contract template for the sale of real estate and land plots, where the rights and obligations of both parties will be spelled out. The template will include detailed information about the facility, technical specifications of the project, the date of completion of construction, and details of the payment plan. This innovation will facilitate the process of buying and selling real estate under construction.

The real estate market in the Emirate is well diversified, and there is a wide selection of projects for potential residents and investors to choose from. Abu Dhabi’s property industry is booming due to a wide selection of prestigious complexes that are currently being developed or are under construction.