Without any doubt, Dubai enjoys widespread popularity, primarily due to the attractions it offers and the real estate sector it encompasses. However, it doesn’t mean other emirates in the UAE lack behind. Take Abu Dhabi, for example, the capital of the UAE is home to some of the most ultra-luxurious properties that can give the ones in Dubai, a very tough competition. Similarly, it isn’t much behind vis-à-vis attraction spots. After all, it houses Sheikh Zayed Mosque, the largest mosque in the country, which welcomes a huge number of visitors every year leaving them astonished with its grandeur and beauty.
Simply put, Abu Dhabi real estate is on the rise. Thus, if you are looking to invest your money in the UAE, consider the capital city. Have a look at top reasons why you need to invest in Abu Dhabi:
There are abundant options for property seekers. From top off-plan real estate projects to ready-to-move-in properties, investors and buyers are spoilt for choice. They can invest in luxury villas, apartments, townhouses, penthouses, hotel apartments, and, in some areas, there are offers available for buying plots and whole buildings as well.
Popular development companies are launching the latest marvels in every part of the emirate. These developments and residential projects are designed to offer unparalleled amenities and an ultra-luxury residential experience to residents.
For investors, Abu Dhabi offers an opportunity to earn increased ROI. With the growing number of travellers preferring this emirate to find professional opportunities, the real estate sector here is on the rise. This has resulted in an increase in demand for residential properties.
Investors can buy a real estate property here and either rent it out or sell it at higher rates. For the former, they can benefit from the no rent cap feature. Based on the market trends, they can charge high rent.
It is another factor that goes in favour of investing in Abu Dhabi real estate. The market has gone through its share of ups and downs, yet it has remained on the stable side. If there’s a dip in property rates, it recovers in a quick-paced way, causing no grievance to property owners.
As stated above, various new developments are launched in Abu Dhabi, in almost every part of the emirate. They boast of superior infrastructure, along with appealing interiors and exteriors. Most of these projects are designed to offer residents an exemplary lifestyle; therefore, they are garnering a lot of interest from potential buyers. This makes it a good opportunity for new investors to enter the market. Those who have already been associated with the Dubai real estate industry, they can also have more properties in their portfolio in Abu Dhabi and diversify it.
Policies and Reforms
The government has also introduced abundant supportive policies and reforms. Due to these factors, foreigners have shown their keenness to invest in Abu Dhabi. For example, foreign nationals can now own freehold properties in Abu Dhabi, albeit in designated zones only. They are known as “freehold zones”.
Other than that, authorities have also introduced long-term residency permits for expats. This eliminates the need for travelling back and forth to their home country and the UAE to extend their visa and perform other formalities. They can now also obtain business licenses in Abu Dhabi.
All in all, it’s the best time for investors to explore investment opportunities in Abu Dhabi. The market has a lot of potentials that need to be untapped. Having said that, the decision of buying a property shouldn’t be rushed. Whether you are looking for off-plan projects in Abu Dhabi or any other type of property, always hire the services of experts.
You can rely on Zoom Property, UAE’s most advanced property portal for proper guidance and assistance.