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Abu Dhabi’s Apartment Market in a Nutshell

by Steven Brown

Abu Dhabi has become one of the most sought-after destinations to relocate.

As a result, the capital of the UAE has attracted many people from various parts of the world.

There are various reasons for this.

At the top of the list an enjoyable and luxurious lifestyle is present. The emirate offers an enjoyable lifestyle with many world-class facilities to its residents.

In Abu Dhabi, the entire landscape is spectacular, with natural and man-made beauties.

In addition to an enjoyable lifestyle, relocating to the emirate means getting an opportunity to increase your earnings.

There has been a tremendous improvement in the economy of Abu Dhabi. The sole reliance of the economy on the oil and gas sector is now a thing of the past.

The economy today is multi-sectoral. And that means there are multiple industries in the economy of Abu Dhabi.

The top sectors operating in the emirate are IT, tourism, banking, financial services, real estate, entertainment, etc.

Moreover, Abu Dhabi has become an international business hub. The ease of access to the advanced regions of the world, such as the USA, the UK, etc, has rendered the emirate one of the most attractive destinations to carry out businesses.

Due to the impressive economic growth, many people have relocated to the emirate to do business.

Doing business in a growing economy means the opportunity to generate more revenues, thus making more money.

In addition to lucrative business prospects, there are many advanced career opportunities.

Due to the impressive economic growth, the need for professionals in diverse fields is gaining momentum in Abu Dhabi.

Again, working in Abu Dhabi has its unique perks. There is no custom of paying income taxes in the emirate. So, you can save money by working in Abu Dhabi, as you need not pay any income taxes.

With the drift of foreigners, the demand for residential and commercial properties has grown manifold in the emirate.

But, the supply is good.

So, people looking for a residential property can find one quickly, either for rent or purchasing.

If you are in the process of relocating to Abu Dhabi with your family, you can look for apartments for sale in Abu Dhabi.

You will find many types of apartments for sale in the emirate. And above it, the prices are within the affordable range.

If you are looking to invest in a property in Abu Dhabi, you should make yourself aware of the off-plan and readymade property concept.

Off-plan apartments are those residential properties developers sell during the construction phase through a feasible payment plan. And readymade apartments are the flats that have attained completion.

The off-plan properties are lesser in sales prices as compared to readymade flats.

Apartments for sale in the emirate come in different configurations–studio, 1, 2, 3, and 4-bedroom units. In addition, there are 5-bedroom apartments for sale.

Given the current trends, the sale prices of apartments are within AED 300k to AED 21M.

Apartments in the emirate are equipped with all essential facilities, like a laundry room, a maid’s room, and a terrace or a balcony. Moreover, apartment buildings have shared amenities, such as a gym, swimming pool, and dedicated parking space.

On the ground floor, you will find more facilities in some apartments, such as restaurants, coffee shops, or supermarkets.

In addition to the standard apartments, you will find duplexes and luxury penthouses in Abu Dhabi.

Conclusion

Given the benefits, it can be a wise decision to invest in a property in Abu Dhabi. By doing so, you can give your family an enjoyable lifestyle. In addition, you can reap notable career opportunities in the emirate. Moreover, you can consider investing in a commercial property in Abu Dhabi if you want to relocate to the emirate to carry out business. There are many such properties in the emirate at affordable prices.

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