With rapid development seen over the years, Abu Dhabi is a city of high living standards and economic stability. It is the 2nd busiest city of the UAE with a population of 1.48M people.
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With rapid development seen over the years, Abu Dhabi is a city of high living standards and economic stability. It is the 2nd busiest city of the UAE with a population of 1.48M people. Abu Dhabi is a political hub and an industrial center. It accounts for 67% of UAE’s $400B economy.
The vast production and reserves of gas and oil have turned the city into an advanced metropolis. The economy thrives due to manufacturing industries recording 8.1% annual growth rate. No wonder that Abu Dhabi is one of the wealthiest cities with over $1 trillion foreign investment.
Due to quality economy, demand for properties is rising. Having liberal policies and minimal transaction costs, Abu Dhabi is an investor-friendly destination. With a drop in property prices, the market is now nearing stability. Apartments cost from $2,966 to $3,568/sqm on average.
Millions of travelers visiting the city every year impact the demand for rented apartments temporal homes and commercial property. Rental prices range from $1,000 to $2,500/month, with a yield of 8% in the city center.
Al Reem Island – An island of luxurious waterfront homes. Apartment prices here range from $149,761 to $367,596.
Saadiyat Island – A developing area with vast investment potential. The average price for villas here is between $1.77M to $2.45M .
Al Reef – A strategic location targeting tourists, with properties costing less than in other areas. Return on investment is 8.1%.
Being front and center for travelers and foreign investors, Abu Dhabi’s real estate market is a BUY
