Abu Dhabi :

Throughout the UAE the regulatory and legal framework is evolving to become more conducive to foreign investment. This has been driven, especially in the Emirate of Abu Dhabi, by the reported release of surplus oil revenues for major infrastructure, industrial, commercial and residential projects.

Prior to the enactment of the Abu Dhabi property laws, title to all land in Abu Dhabi resided in the Ruler, and construction, both commercial and residential, was financed by specialized government agencies. It is now expected that most property developments will be funded and developed by the private sector, since the government’s property ownership policies have been relaxed by the new Laws.

A construction boom is predicted in the Emirate over the next 15 years and evidence of this can been seen in the recent launch of numerous development projects. These new mixed-use developments include ‘Al Reem Island’, ‘Al Raha Beach’ and ‘Saadiyat Island’. Mega projects are also planned for the development of ‘Lulu Island’, Mina Zayed Port and various Industrial Cities throughout the Emirate under the umbrella of the Higher Corporation for Specialized Economic Zones.

Expectations are that as private investment from developers into Abu Dhabi increases, a competitive market will emerge for investors, both individual and institutional. Buy-to-let yields are likely to be attractive, given that the current demand for units to rent in the capital far outweighs the available supply. Combine the positive forecasts for Abu Dhabi’s economy and the extensive plans for tourism with the current tax-free investment environment and the fact that Abu Dhabi already has a legal structure in place for the ownership of property, and the future looks very bright indeed. Residents who have long been paying ‘dead money’ in high rents will look forward to being able to invest into their own homes and seeing capital growth. The prospect of having ownership of the place you call home, without having to worry about tenancy contracts, is an attractive one to longer-term residents, many of whom have put their roots down in the emirate.

As the Abu Dhabi property market continues to evolve, you can rely on our personalized service to bring on your doorstep the right property for you. We are working with various developments in Abu Dhabi and due to our experience and relationship we guarantee that you will be provided with valuable pre and post-sales assistance that you would not get by going direct. We assure you that you will not find deals cheaper by going direct to the developer.

At Abu Dhabi Property Sale it is always our goal to provide you with excellent real estate assistance experience.