As an investment opportunity offering potential high yields and
capital growth returns, Abu Dhabi certainly has a lot of appeal. Key
attractions, in our view, include the following:
High employment, supported by massive local and inward
investments into industry and a healthy, stable economy
and political environment.
An increasing number of visitors – growing at a rate of 17
percent a year.
A high demand for rental property, with a current shortage
of stock.
A high demand for owner-occupier property for longer
term residents.
Low purchase prices per square foot, compared to other
capital cities.
An established property management and leasing industry.
With such an ideal location, what should a potential new investor
in Abu Dhabi's property market do next? These are some of the
essential first steps.
Consider why you are buying. Is it for rental or personal use?
Compare the costs of property per square foot and
individual unit costs.
Factor in costs and fees associated with ownership and the
management of the property.
Look at current rents in a unit that is as similar as possible,
taking into account location, size and facilities.
Meet with a reputable real estate company with relevant local
market experience to discuss your purchase options.
Calculate the potential yield.
As new releases of property for sale in Abu Dhabi to all nationalities
become more frequent, there are an increasing number of
investment options. For UAE Nationals these include Al Raha
Gardens and Golf Gardens. People of all nationalities can
purchase in projects such as Najmat, Shams, Abu Dhabi Pearl,
Hydra and Manazel. These offer a variety of opportunities to buy,
anything from one-bedroom apartments through to land plots for
development of towers and complete buildings of over 400 units.
Commercial space is also available in the form of individual units
or development opportunities.The perception of the Abu Dhabi
market is that it is slower than Dubai. Projects which satisfy
purchasers needs through their location, pricing and competitive
payment terms, however, are doing well. Recent release Tala
Tower achieved 50% sales in a two-month period after its launch
while Mangrove Place, a planned new release, already has had
interest expressed in over a quarter of the units.
The facts speak for themselves, and, in our view, Abu
Dhabi is an investment market with lots of opportunity for
would-be purchasers.
Lubna Al-Ruzeiqi is Director of Sales for LLJ Property
To be kept up to date on property opportunities and to register your
interest in property in Abu Dhabi, please visit us at www.lljproperty.com. Alternatively call us today on +971 2 627 4110 or email
admin@lljproperty.com
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