Apartments for Sale in Abu Dhabi
Abu Dhabi has become a preferred destination for owning an apartment. With remarkable economic growth and its booming oil & gas industry, Abu Dhabi has undergone a fantastic transformation, attracting people worldwide.
The economic stability of the emirate is one of the reasons for investing in an apartment. And with many apartments for sale in Abu Dhabi, you will not confront the challenge of not finding your dream apartment to purchase.
With the freehold ownership law amendments, you can find immense property buying opportunities in the emirate.
According to the amendment in the law, foreigners from all nationalities can purchase freehold properties in Abu Dhabi investment zones such as Al Raha Beach, Al Reem Island, Yas Island, and Saadiyat Island.
Developers have launched real-estate projects following the vision. And they provide limitless opportunities for investors looking for a flat for sale in Abu Dhabi.
Difference Between Freehold and Leasehold Properties in Abu Dhabi
All foreign investors looking for Abu Dhabi houses for sale should know the difference between freehold and leasehold properties in Abu Dhabi.
Typically, there are two property ownerships in the emirate–freehold and leasehold. While freehold ownership refers to the investor having direct ownership of the land on which the property stands, leasehold ownership means the ownership is for a fixed period.
In Abu Dhabi, the maximum term for a leasehold property is 99 years. After the expiry of the lease, the property ownership goes back to the freeholder.
Types of Apartments in Abu Dhabi
If you are looking to buy an apartment in Abu Dhabi, there are plenty of options. You can get ready-to-move and off-plan apartments in Abu Dhabi.
It is also a good idea to purchase a flat in Abu Dhabi in the off-plan mode. You will get plenty of them as developers sell apartments through a feasible payment plan during the construction phase.
As such, it becomes affordable for you to buy a house in Abu Dhabi. In addition, off-plan properties have attracted many foreigners to own a home in the emirate.
The popular areas of purchasing off-plan properties are Yas Island, Al Reem Island, and Saadiyat Island.
You can get excellent apartments for sale in Abu Dhabi. They come with different layouts–studio, 1, 2, 3, 4, and 5-bedroom units.
If you are single, you can consider purchasing a studio for sale in Abu Dhabi. And you can consider buying a 2 bedroom apartment for sale in Abu Dhabi if you have a small family.
Most apartments have essential amenities and facilities like a laundry room, servant’s room, and terrace or a balcony.
The shared amenities you can find in apartment buildings are a gym, swimming pool, and dedicated parking spaces.
Some apartment buildings also have restaurants, coffee shops, or supermarkets on the ground floor.
If you can spend a bit more, you can consider purchasing a duplex unit or luxury penthouse in Abu Dhabi.
Sales Prices for Apartments in Abu Dhabi
In general, house prices in Abu Dhabi fall within the affordable range. However, according to the prevailing trends, the sales prices for studios vary from AED 336K to AED 623K in Masdar City and Al Maryah Island.
While the sales prices of 1-bedroom apartments hover within AED 550K to AED 650K in Al Reef and Al Reem Island, the prices of 2-bedroom apartments are around AED 800K in Al Raha Beach and AED 3.9M in Saadiyat Island.
Sales prices of 3-bedroom apartments start at AED 1.4M in Yas Island, and the prices can go up to AED 6M in Saadiyat Island and Al Raha Beach.
Abu Dhabi has an attractive real estate market with affordable property prices. And it can be a wise decision for you to own a property in the emirate. Moreover, owning a property in Abu Dhabi means giving your family an enjoyable lifestyle.