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Investing In Abu Dhabi Property

Abu Dhabi is one of the most attractive places drawing a huge number of foreign visitors every year. About 200 different cultural communities reside in Abu Dhabi, and the recent population of Abu Dhabi is only around 1.7 million.

Abu Dhabi is literally crime-free state, which again makes investors feel free to invest in property in Abu Dhabi. It is a noticeable fact that the environment in Abu Dhabi is providing minimal tax burdens. People residing here earn high tax-free salaries and the ones who are looking for investing in the real estate in Dubai are in a position to opt for higher house prices and higher & sophisticated localities.

Investors can even find Real Estate Agents in Abu Dhabi involved in the sale and purchase property in Abu Dhabi. Real Estate agents can help overseas customers determine the cost of property in Abu Dhabi, appreciation value, terms of buying and selling, and even about the culture. In short, real Estate agents give the support to any of the investors who ever is willing to take there help and want the desired results.

Working with real estate agents can be an advantage as things are done in a timely manner. Again working with them is a bit difficult too. If you think that you need to take the help of the real estate agent then you should also know how you should work with them in a professional manner with plenty of communication so that the entire venture passes over without creating problems.Property in Abu Dhabi costs approximately US $1,000 per square meter. However, this varies from place to place and whenever you are planning to buy a property, it’s better to have a general idea about the prices ranges of real estate in Abu Dhabi.

Reference to some things before investing in real estate somewhere is a necessity, and this is true for investment in Abu Dhabi Property. Hence, you need to have some research for Abu Dhabi real estate or at least remember what are introduced above to make sure that you will have no risk when launching out on this field. Abu Dhabi is a good place for you to get the best returns and consider carefully before doing an investment.

The Abu Dhabi Property Market

Abu Dhabi is the capital of the United Arab Emirates and is the largest of the countries’ seven cities located less than 200kilometres from Dubai. Abu Dhabi is actually richer and more powerful, boasting 10% of the world’s petroleum reserves and extremely rich Sovereign Wealth Funds.

Abu Dhabi is following in Dubai’s footsteps with plans to diversify the economy and move away from reliance on the energy sector. In September 2007 the government published Plan Abu Dhabi 2030 which outlines the city’s evolution over the next 20 years or so, with emphasis on developing the tourism, industrial and real estate sectores.

The city has already announced over US$270 billion in real estate projects, and in 2006 the doors were finally opened to international investors.

Future development is divided in a similar way to Dubai with distinct areas serving well defined residential and commercial purposes. Most of the future development will be in the outlying islands which surround the mainland, as well as more inland towards Dubai. These islands include Al Reem Island, Saadiyat Island, Al Raha Beach, Yas Island (future home of Formula One Grand Prix) and Hudyriat Island, among others.

The market is characterized by supply far exceeding demand causing extremely high rental prices/returns. The demand will continue due to the city’s expansion which is attracting people, businesses and events to the region.

At the time of writing, entry prices are much higher than Dubai at between 1,800 – 2,000 AED, but the payment plans are generally more favorable to compensate.

Abu Dhabi is still behind Dubai is some respects of the property sector. For example, there is no authority to regulate the market, not all developments are freehold, and residency visas are currently not granted to investors.

However, Abu Dhabi surely offers one of the most exciting property markets in the world, and is only in the infancy stage.

 
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