Top Areas to Buy Freehold Properties in Abu Dhabi
Investment prospects in real estate are plentiful in the Abu Dhabi market, and a strong recovery is predicted. The opportunity to make wise use of excess funds and get a good return on investment has never been better. The most challenging part of this situation is choosing the location.
Up until a few years ago, only Abu Dhabi residents were allowed to own real estate. But in 2019, changes were made to Abu Dhabi’s freehold property laws, making it possible for foreigners and expatriates of all nationalities to own property in the capital emirate.
Having said that, it’s important to keep in mind that not all neighborhoods of Abu Dhabi allow non-UAE nationals to acquire real estate. In a limited number of permitted areas known as “freehold districts,” expatriates are permitted to own property. They can just “lease” the land for up to 99 years in other regions.
Among the many freehold areas in Abu Dhabi, a few are more suitable for real estate investment in the current scenario. Let’s find out more about them here:
Yas Island
Yas Island is rated as Abu Dhabi’s second-best freehold community. It is renowned for having a number of the world’s finest attractions, including the Yas Mall, Ferrari World, Yas Marina Circuit, and other amusement parks. These features have elevated it to a well-liked tourist destination in the Emirate and piqued the curiosity of foreign investors.
Moreover, the area has a wide selection of restaurants, five-star hotels, and stunning golf courses. Another anticipated development is Yas Bay, a seaside resort that would significantly raise the area’s value.
Furthermore, due to its proximity to the Abu Dhabi-Dubai Highway, the island is considered in a prime location.
Saadiyat Island
Saadiyat Island is well connected to the mainland through the Abu Dhabi-Al Falah Road despite being distant from the busy metropolis.
The Saadiyat Island, which is regarded as Abu Dhabi’s cultural hub, is remarkable since it is home to several world-class attractions and ultra-luxurious residences. These include museums, beaches, golf courses, dining establishments, etc. Locals may also take use of a variety of useful services, including reputed supermarkets, hospitals, and educational facilities.
Due to its opulent lifestyle, pricey real estate, and cultural attractions, it has caught the attention of international investors. Buyers may choose from a number of apartment and villa configurations based on their needs and budget and live in luxury in one of Abu Dhabi’s premier freehold districts.
Al Reem island
Al Reem Island is one of the most well-liked freehold communities in Abu Dhabi and offers lovely beachfront apartments. These lavish residences include extravagant amenities and breathtaking sea views.
It is a mixed-use development that has attained recognition as one of Abu Dhabi’s top communities. Both investors and end users love it because of its alluring features and high ROI. The contemporary residences that are for sale are hidden away in cutting-edge residential buildings.
Furthermore, it is known as a family-friendly neighborhood since it has all the services and facilities that are suitable for families. Parks, commercial malls, grocery stores, and prominent educational institutions are conveniently located for residents. Its favorable location is another factor that makes it popular with both locals and visitors. It is more convenient for inhabitants to commute to well-known hubs of the Emirate since it is connected to the city center by two motorways.
Al Reef
Al Reef is one of the most popular freehold communities in the capital. The Manazel Real Estate project is in a desirable location.
The success of this community with investors and customers, among other things, is primarily attributable to its location. Both the Abu Dhabi International Airport and the Abu Dhabi Ghweifat Highway are close by. In addition to being close by, well-known constructions like Yas Island and Al Raha Beach are also there.
In addition to providing lavish villas and apartments in a variety of layouts, it is also home to a multicultural society known for producing high rental yields, according to Zoom Property Insights. It is appropriate because real estate is more reasonably priced here.
Khalifa City
If you want to live quietly outside of the city while yet being near all the attractions, Khalifa City is one of the best areas to reside in Abu Dhabi.
In such a well-known community, you can expect a good standard way of living and it’s ideal for families.
You may make use of every convenience and service offered in Khalifa City, providing you with an unmatched living experience. The fact that Dubai is easily accessible makes it the greatest option overall.
Additionally, whether you desire a villa or a spacious apartment, Khalifa City is the place to call home. It is well known for selling magnificent apartments at reasonable prices. It’s where your financial needs may be met.
To sum it up, the average cost of buying a freehold property in Abu Dhabi starts from AED 491,000 for apartments and goes up to AED 25M for villas. Yas Island and Saadiyat Island round up our list of the best places in Abu Dhabi to purchase freehold real estate. For purchasers searching for profitable real estate investment options in the emirate, the waterfront region has grown to be one of the most sought-after districts.