Buy Property in Abu Dhabi
Besides providing excellent living conditions buying a property in Abu Dhabi comes with many benefits. No tax amount is charged for buying real estate in Abu Dhabi or to buy home in Abu Dhabi. Also the price of the properties in Abu Dhabi has always displayed an upward trend with the price going up annually. The economy of the country is also growing. You can get good Return of Investment (ROI) by either reselling the property or leasing out and renting out the property. The transactions are overlooked by the government and hence the process involved to buy property in Abu Dhabi or to buy home in Abu Dhabi is also quick and transparent. There are also many options of real estate and properties to buy in Abu Dhabi. There are also many options of real estate and properties to buy in Abu Dhabi. Even though the process of buying a property in Abu Dhabi is quick you should have clear and detailed knowledge about it so that the procedures are done correctly and properly. The law related to buying property is different for expatriates. Foreign nationals have the right to own apartment units and entire floors within Investment Zones. Hence it is advisable to get in touch with an agent for smooth processing.
In order to find the ideal property and to buy property Abu Dhabi or buy home in Abu Dhabi you can contact Sustainable Homes Investments. We will help you to buy property Abu Dhabi within your budget and according to your requirement. We will also guide you regarding the documentation and procedures required when buying any type of property. You should also primarily know that along with the price of the property there will additional fees which you will incur on purchasing the property for example registration fee, Abu Dhabi municipality fee, Bank mortgage arrangement fee etc.
Buy home in Abu Dhabi
A brief detail about the process of buying property in Abu Dhabi is given below:
- Secure mortgage and get approval – Submitting documents in the bank which includes salary slips, passport copy, bank statements, Emirates Id, proof of address etc. Transfer fees should also be paid.
- After the approval is received from the bank the property to purchase can be finalized and insurance for the building can be taken.
- Then Memorandum of Understanding (MoU) is signed.
- Buyer then has to request for valuation.
- Then No Objection Certificate has to be received from the seller.
- The final stage is transfer and the title deeds.