Things To Consider While Buying Property In Abu Dhabi

Abu Dhabi, and the UAE as a whole, is one of the most popular destinations for expats; It is estimated that around 8.4 million of them live in the UAE. Tens of thousands of these expats are from the UK, France, and the US, and one of their biggest expenses is property. 

Getting your hands on a property, no matter where you are, can be quite a tricky and time-consuming process, especially with the current state of the global property market. But hey, Abu Dhabi has so many fantastic places to call home, and if you have a good idea of what you're after, you'll be settling into your new place before you know it.

You Will Need To Budget Properly

Of course, this might sound like common sense, but knowing your exact budget is crucial when you're in the market for a property in Abu Dhabi. You'll have many expenses to consider, but the biggie is having at least 25% of the property's price saved up for your down payment. Remember that the advertised prices won't cover all the costs - there are government fees, commissions, and pesky bank fees to account for.

If you're wondering about property prices in Abu Dhabi, it's a mixed bag; it really depends on where you're looking and what kind of place you're after. Luxury homes, as you can imagine, come with a hefty price tag, while a cozy studio apartment is cheaper. But the city has various options, from villas to penthouses scattered across its most desirable neighborhoods. So, there's something for everyone!

Find A Good Seller

We all know how difficult it can be to find the right property from a distance, which is why finding a sales agent you can count on is so important. You will want to find a firm with experience, with a range of different options that cover everything from single-living apartments to family homes. 

Buying the perfect residential property in Abu Dhabi is a very exciting prospect. From water's edge properties to skyrise homes with dazzling views over the city, Aldar has properties in Abu Dhabi for everyone. Visit our website to find out more about buying property in Abu Dhabi.

Should I Rent Or Buy?

TThere is rarely a clear-cut answer to this question. However, it is important to note that the UAE government has been introducing changes that have made it significantly easier for expats to buy property. 

If you are going to be in the UAE for at least five to ten years, buying a property instead of renting one makes sense. You can apply for an investor visa that will grant you a term of residency depending on the amount of money you are spending on your property.

Where Can I Buy Property?

If you are an expat looking to buy property in Abu Dhabi, here are some conditions you should be aware of: You can only purchase property in one of the emirate's investment zones (Reem, Saadiyat, Al Reef, Al Raha Beach, and Mariya) are just a few of the zones available. However, you can buy property on freehold, which has been a new development since 2019, and we have seen a massive boom in the property market since then. That means you can rent your property, sell it, and make any alterations.