All About Buying a Property in Abu Dhabi
Abu Dhabi, one of the seven emirates in the UAE, has become an international hotspot with expatriates from across the world flocking to the city to enjoy the lavish lifestyle the city offers.
Why Should You Consider Moving to Abu Dhabi?
There can be not one but many reasons for you to relocate to Abu Dhabi. Here are some of them:
Culture
The culture in Abu Dhabi is fantastic, with richness and diversity. The city is a home of different nationalities. It is also a magnificent place to experience different types of food, festivals, religions, and traditions.
Non-Taxable Income
One of the compelling attractions of working in Abu Dhabi is the UAE government’s tax-free income to workers. You can achieve high savings and build a robust financial future if you work in the city. Moreover, the high employment standards are also a part of the attractions to work in the city.
The maximum working hours, regulated by the UAE Labour Law, is set at eight hours a day or 48 hours per week. The working hours are two hours lesser per day during Ramadan. Besides, the annual leave can be within 22-30 days per year.
Climate
In Abu Dhabi, the warm climate and sunny weather will make you feel comfortable throughout the year. The sunshine is on an average of 2,000 hours every year, and the sun is about 13 hours per day in June. While August is the hottest month of the year with an average temperature of 36 degrees Centigrade, the coldest month is January at 18 degrees Centigrade average temperature.
Types of Homes in Abu Dhabi
In Abu Dhabi, there is no need for you to restrict your options to only a few types of homes as there are plenty of options for you to choose from the apartments for sale in Abu Dhabi. The real-estate market is well-developed with all kinds of homes, including duplexes, lofts, penthouses, studio apartments, and villas for sale in Abu Dhabi.
Steps in Buying a Property in Abu Dhabi
If you are looking for a property for sale in Abu Dhabi, it will help if you acquaint yourself with the necessary steps, especially if you are a first-time buyer.
Fees
Assess your affordability and draw up a budget before you buy an apartment in Abu Dhabi. Make sure you include in the budget the necessary fees, like the minimum bank deposit, and the agent fees, apart from the property price.
Mortgage Pre-Approval
You should secure a mortgage to get the bank approval for a loan. Therefore, you have to provide the bank with some evidence, such as salary slips from your employer, six months bank statements, passport copy with visa page, emirates id copy, credit card statements, and address proof.
Memorandum of Understanding
Sign the memorandum of understanding that outlines the terms and conditions, transaction costs, and the finer details.
How Can TopLatest Help?
With TopLatest, you will experience a hassle-free property buying experience. TopLatest keeps you away from visiting multiple property websites by curating all the latest properties from leading property websites. You can get the best property selection quickly. All you have to do is visit TopLatest, and spot your dream property in Abu Dhabi.