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If you want to buy property in Abu Dhabi, after deciding which one to select, a memorandum of understanding will be signed between the investor and the seller. This will allow investors and buyers to mutually understand each other's terms. The buyer has to pay 2% of the value, out of which some will go to the real estate agent and another portion to the Abu Dhabi Municipality (for changing the property in your name). After investing in Abu Dhabi property, you will get an ownership certificate from the developer.
Some of the areas available for property to buy in Abu Dhabi involve Yas Island, Saadiyat, Reem, Mariya, Lulu, Al Raha Beach, Sayh Al Sedairah, Al Reef, and Masdar City. You will get complete ownership after investing in Abu Dhabi property. You will be able to change the property's appearance, sell it, rent it, or do anything you like to do with your property.
When it comes to buying property in Abu Dhabi, it has so much to offer to its citizens, expats, and other foreign investors, it has become an attractive proposition for those seeking to invest in real estate. One can find apartments, townhouses, villas in all sizes, rentals, and a lot of things as per the investor's convenience and requirement. These beautiful properties in Abu Dhabi mark it as one of the best cities for offering investors an expansive range of properties.
Apartments are one of the most popular investment properties for people who live alone or are in the city for a long vacation. However, apartments for sale in Abu Dhabi come in different sizes and configurations like lofts, studios, duplexes, hotel apartments and more.
The Abu Dhabi property market has seen investment in villas lately. Large families invest in huge properties like villas with almost 7 bedrooms to stay together and enjoy their vacations or quality time. The villa for sale in Abu Dhabi are available in attached format, semi-attached format, or semi-detached format as well.
Investing in Abu Dhabi properties like townhouses is a wonderful idea as they offer the best ROI in the future. The townhouses for sale in Abu Dhabi start at AED 1 million. Moreover, the townhouses exist in the format of attached and semi-attached walls. One can find an abundance of townhouses with 3 to 6 bedrooms.
For investing in Abu Dhabi property, you can consider the following points:
Term: Being a local resident of Abu Dhabi, there is nothing much to worry about. But if you are looking for a property to buy in Abu Dhabi, know what returns you can expect.
Affordability: You must be sure about the upfront fee you have to pay before moving forward with buying property in Abu Dhabi. Furthermore, consider the maintenance fees and other expenses of the property in Abu Dhabi. Make sure that overall pricing doesn't overburden your monthly budget.
Maintenance Expenses: The bigger the property, the higher the maintenance costs will be. It is because the maintenance charges on property for sale in Abu Dhabi directly go to the land department of the city on the basis of the RERA Services Charge and Maintenance Index.
Savings: It is a crucial factor to consider your savings before purchasing a luxury property for sale as you have to pay 25% of the total purchase price if properties for sale in Abu Dhabi under AED 5 Million (for expats). However, for a citizen of the UAE, it is 20%.
Market Trend: Abu Dhabi property market trends will give you a proper insight into the best place to buy property in Abu Dhabi or the best area to buy property in Abu Dhabi.
Locality Insight: To find the best place to buy property in Abu Dhabi make sure to look at the locality insights of every locality in Abu Dhabi.
Residence Visa: If you buy property at a value above AED 1 million, you will be permitted a residency visa. This residency visa is valid for a 6-month or multi-entry period of 2 years.
Abu Dhabi has several areas for investing, and every area has its own perks. The Abu Dhabi city centre, also known as the downtown, has several shops, malls, and prevalent hotels. It is home to Emirates' tallest building and several commercial spaces. There are several other areas that can catch the eyes of investors. In the top-notch neighbourhoods, you can easily find luxury property for sale in Abu Dhabi.
Being one of the safest cities in the world, purchasing property in Abu Dhabi in top localities is never a major concern, but finding the best property to buy in Abu Dhabi is. Since several expats are investing in the property of Abu Dhabi, the government of the UAE has made it their concern to raise the standard of living when it comes to leisure and a lavish lifestyle. You can check out some of the top-rated neighbourhoods in Abu Dhabi below.
The prices of properties increased rapidly between 2021 and 2022 in Abu Dhabi, as per the home buying trends. More and more foreign investors are buying property in Abu Dhabi which is luxurious. This flow of investors has increased the demand for property to buy in Abu Dhabi. Property prices in Abu Dhabi increased in May 2022 along with property transactions. In a single year, the average price of residential property for sale in Abu Dhabi has risen by a certain percentage.
In Abu Dhabi, the UAE ministry is liable for the commission of schools, and for growth and qualitative education KHDA (Knowledge & Human Development Authority) takes the responsibility. Private schools in Abu Dhabi offer 14 international curricula that include UK, US, and Indian, with a small number of schools offering Bangladeshi, German, Japanese, Canadian, French, Iranian, and Filipino. You can check out some of the other top ranked schools in Abu Dhabi.
Some of the excellent educational institutes in Abu Dhabi are Al Muna Academy, Al Yasmina Academy, Bloom Academy, Brighton College Al Ain, British School of Khubairat, Cranleigh School Abu Dhabi, Merryland International School, Raha International School, and The Pearl Academy. You can read some more in the table given below:
Some of the most popular and best real estate investments in Abu Dhabi are in the following areas:
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Mirage Capital Properties offers you this modern and stylish Two-Bedroom Apartment in Waters Edge, Yas Island available now for sale. Amazingly com
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Mirage Capital Properties offers you this modern and stylish Two-Bedroom Apartment in Waters Edge, Yas Island available now for Sale. Amazingly comf
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Mirage Capital Properties offers you this modern and stylish Three-Bedroom plus Maid in Waters Edge, Yas Island available now for Sale. Amazingly com
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Mirage Capital Offers you a great opportunity to own a Spacious 4-bedroom duplex located in an Iconic location in The Magnolias, Yas Island. Unit Fe
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Mirage Capital Offers you a great opportunity to own a Spacious 4-bedroom duplex located in the Iconic location in The Magnolias, Yas Island. Unit F
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Mirage Capital Properties welcomes you to this Stylish Contemporary Designed Townhouse of three bedrooms with a Maid Room, located in the most famous
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Mirage Capital Properties introducing the latest project of Yas IslandYas Park Views!! Prestigious Four-Bedroom Villa is located in one of the most f
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Mirage Capital Properties offers you this Prestigious residential four-bedroom villa now available for sale in Fay Al Reeman 2 located in Al Shamkha.
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The moment everyone has been waiting for Radiant Bay is finally here and offers a vibrant and sustainable living environment in a prime location in
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Imagine yourself living in a place where all is well and relaxed. Mirage Capital Properties will help you to make that feeling into reality. Welcome
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Mirage Capital Properties Welcomes you to the unmatched living experience with all the wonders of natural beauty at your doorstep. Elite Five-Bedrooms
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Mirage Capital Properties welcomes you to this fascinating Six-Bedroom Villa in a place that is surrounded by the sparkling water of the Gulf Sea and
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Mirage Capital Properties welcomes you to this Stylish Contemporary Designed Townhouse with four bedrooms and with Maid Room, located in the most famo
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Live in this spacious townhouse that is highly maintained and built to last. Mirage Capital offers you this remarkable Four-Bedroom townhouse with aw
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Mirage Capital Properties welcomes you to this Extravagant, Brand New spacious Four-Bedroom Villa now available for sale in Noya Viva, Yas Island. Ex
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Type: 2 Bedroom for sale with parkingSize: 1988 Sq. Ft Price: 310,000 AedThe exciting f
Abu Dhabi offers several options in real estate for different budgets and lifestyles. It features different property types, from luxurious villas and modern apartments to commercial properties such as office spaces and warehouses.
Foreigners in Abu Dhabi can only buy property in freehold areas of the city. These areas include Al Reef, Yas Island, Masdar City, Saadiyat Island, Lulu, Sayh Al Sedairah, etc.
Yas Island is one of the most popular areas in Abu Dhabi for foreigners looking to buy freehold properties. Other popular areas include Saadiyat Island, Al Reem Island, Khalifa City, and Mohammed Bin Zayed City.
The property prices in Abu Dhabi keep changing. However, the sale price starts at AED 75,000 and goes up to AED 23,000,000 for apartments. Prices are even higher for villas and larger properties. Please note that these prices are approximate and can fluctuate based on location, type of property, and market conditions.
UAE and non-UAE citizens (foreigners) can buy property according to property ownership regulations in Abu Dhabi.
Yes, non-residents can sell property in Abu Dhabi. Abu Dhabi’s property ownership legislation usually allows both citizens and non-residents to sell property they own.
Yes, purchasing a property in Abu Dhabi is a worthwhile investment as it is the UAE’s capital and the largest emirate. Abu Dhabi is also one of the wealthiest cities in the world, with a stable economy.
Yes, foreigners are allowed to buy property in Abu Dhabi.
Purchasing a property in Abu Dhabi is simple and requires four legal steps. These steps involve drafting a contract, signing a Memorandum of Understanding (MoU), obtaining a No Objection Certificate (NOC), and transferring ownership at the Registrar’s Office.
No property tax is imposed in Abu Dhabi or other parts of the UAE. However, the property transfer tax in Abu Dhabi is 2% of the property value.
Property owners, entrepreneurs, and international students with great academic records are granted long-term residency visas for five years.
The UAE does not impose property taxes on property owners, residents or foreigners.
Property valuation for sale in Abu Dhabi can be carried out through two methods: one is by utilising the official website of the Department of Municipalities and Transport (DMT), and the other is by engaging professional valuation services directly.
You can sell your property directly to a buyer in Abu Dhabi, as no legal or regulatory barriers will restrict you from doing so.
Property owners do not need to pay any taxes in Abu Dhabi. However, a property transfer fee, typically 4%, is charged when buying or selling a property. This charge is divided equally between the buyer and the seller.
A 99-year lease in Abu Dhabi permits ex-pats to own property (excluding land) for up to 99 years. Under this…...
