Why buy a property in Abu Dhabi

Real estate is one of the main commercial drivers of the United Arab Emirates. Over the past ten years, the real estate market in the UAE has grown exponentially with the support of the reform of real estate legislation.

Abu Dhabi is currently the leading emirate in the field of property purchase. Let us tell you about the benefits that expats get when buying a property in Abu Dhabi.

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Why buy a property in Abu Dhabi2022

One of the main reasons for buying property in Abu Dhabi for foreigners around the world is the simplicity and transparency of the process. All documents are designed in such a way that even a non-professional person will not have problems understanding the procedures simple and clear7th . Government authorities control every transaction. A large number of major developers in the real estate market also indicate its reliability. Real estate is very diverse and its number is constantly  scientists, etc.

Why buy a property in Abu Dhabi2022

Return on investment is also an important factor. According to analysts, the net income from investing in real estate in Dubai or Abu Dhabi can be 7% per annum. By world standards, this is a very good indicator, since no one in the world can boast of such a percentage of the profit for its depositors. At the same time, by investing in real estate, you earn twice: firstly, the potential rental income, and secondly, the value of the property itself grows from a year Many consider real estate in Abu.

Rents in Abu Dhabi are increasing every three months. There is no rent limit in Abu Dhabi and no principle for calculating rent. Owners can set the price they want if the market supports it. Therefore, the owners can take full advantage of the high prices in the market.

The property has seen its ups and downs like any other investment, but it is still a stable asset. Real estate prices and rents have rebounded well after the crisis, and huge oil revenues and government reserves ensure a good future for the economy and investment.

future aspirations

Real estate prices and rents in Abu Dhabi are closely related to population and supply. The government is currently planning a major expansion of the infrastructure. The new development plan “2030” includes creating new jobs and attracting more people to the UAE. The pace of new housing construction in Abu Dhabi is not increasing as fast as the rate of people moving here, so demand is almost guaranteed.

rent payment

Most often, rent in Abu Dhabi for a year is paid in advance with one or two checks. This provides serious security for the owners.

Wide range of features

The main focus is not on elite apartments, but on the category of “affordable housing”,Why buy a property in Abu Dhabi that is, the middle price segment and the price-quality ratio. In addition to the completed housing, you can also buy land where you can build your own villa.

The UAE is a promising country

None of the skeptics will argue about this. If earlier evil tongues spoke that the development of the United Arab Emirates would end with the last drop of extracted oil, this opinion is now evading, and the country is developing not only because of oil. Why buy a property in Abu DhabiTrade and tourism occupy a significant share of the state budget.

The 4.6% growth over the past five years in the real estate sector forms a mainstay in Abu Dhabi’s goal of a more diversified economy. This means that the government of the emirate will now focus not only on oil production, but also on enhancing the attractiveness of residential real estate offers and expanding the tourism sector. It turns out that real estate prices are declining,Why buy a property in Abu Dhabi but at the same time the demand for the principality itself will grow, which will attract a good rental income.Why buy a property in Abu Dhabi

Another advantage in favor of the UAE is that the country constantly strives to be ahead of the rest of the world,Why buy a property in Abu Dhabi as evidenced by its many achievements and records in various fields. Many government programs aim to improve the quality of life for residents

What should a buyer do when buying a property in the UAE?

Provide sufficient financing to complete the transaction.

Receipt of a no-objection letter from the developer for the property to be purchased.

Find out who the actual seller is.

Verify that the developer and project are registered with the respective land department.

Check the burdens of this property by third parties.Why buy a property in Abu Dhabi

A corresponding agreement must be signed between the two parties.

It is necessary to check the condition of the property, whether it is “rented property” or “absolute ownership”, whether it is finished or under construction. It is also necessary to plan the procedures and fees for registering this property in the name of the buyer