Abu Dhabi’s real estate market continues to thrive thanks to high demand, thriving economy, and substantial investor interest. Sales prices increased by 7% and rental rates by 4% in Q1 2024. High transaction volumes and growing property values reflect a strong market, making Abu Dhabi a desirable place to invest.
Is the Abu Dhabi real estate market booming?
The UAE’s property market is evidently expanding rapidly. This is due to strong demand, a thriving economy, and substantial foreign interest. The Abu Dhabi real market also had good trends. It has sales prices growing by an average of 7% and rental rates jumping by 4%. This is in reference to the Q1 2024 UAE Real Estate Market Overview report of JLL MENA. Additionally, Reidin generated numbers that show a similar pattern in their residential property price report 2024. The Abu Dhabi Residential Property Sales Price Index decreased by 0.06 points in April 2024. That is, from 85.87 to 85.81 which marks
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Abu Dhabi Real Estate Market Trend
In Abu Dhabi, the housing market also grew by 7% in sales and 4% in rent in Q1 2024.
Property Demand in Abu Dhabi
Property demand in Abu Dhabi also remains strong. According to the Department of Municipalities and Transport (DMT), the amount of transactions increased to 13,298 in 2023.
- What are the popular communities to buy apartment in Abu Dhabi?
- Al Reem Island
- Yas Island
- Al Raha Beach
- Khalifa City
- Corniche Road
- What are the popular communities to buy villa in Abu Dhabi?
- Yas Island
- Saadiyat Island
- Al Reef
- Al Reem Island
- Khalifa City
Why should you buy properties in Abu Dhabi?
Beneficial for Expats
In 2019, there was an implementation of a new system of long-term residency visas (Golden Visa). This enables international investors and professionals to live in the country without the need of a national sponsorship. They might also have full ownership of their business. These visas are valid for the next 5 or 10 years.In 2022, the UAE government implemented
Abu Dhabi Real Estate Market Continuous Housing Supply
Abu Dhabi’s entire stock remained constant at 3.9 million square metres. It had no substantial fresh deliveries during the year.Looking ahead to 2024, Abu Dhabi will add around 112,000 square metres of new office space.In this regard, the Abu Dhabi real estate market already had a solid start to the new year. In Abu Dhabi, 1,600 units were delivered on a consistent basis.
High Rental Yields in Abu Dhabi Real Estate Market
Abu Dhabi real estate market’s resilience over the years has won the trust and credibility it deserves. Additionally, real estate investors find Dubai and Abu Dhabi to be particularly appealing. This is primarily because the rental yields in other emirates are often lower.
Abu Dhabi
Gross rental yields in Abu Dhabi were barely different from 6.31% a year earlier in April 2024. However, they were still relatively high at an average of 6.46%. The specific numbers are:
Other Emirates
In comparison to Dubai and Abu Dhabi, rental yields are lower in other emirates and cities:
- Ras al Khaimah – In Q1 2024, yields averaged 4.84%
FAQs
Yes, real estate in Abu Dhabi is a good investment. This is due to its stable market, steady price appreciation, and strong rental yields.
Yes, foreigners can buy property in designated investment zones in Abu Dhabi.
Yes, buying an apartment in Abu Dhabi can be worthwhile. The city is famous for its high standard of living, robust infrastructure, and rental market.
Owning property in Abu Dhabi provides advantages. Particularly, capital appreciation, substantial rental yields, tax-free income, and an elevated lifestyle.
Yes, buying property in Abu Dhabi can qualify you for a UAE residency visa.
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APIL Properties, Your trusted and dedicated real estate partner. Our services stand at the forefront of real estate solutions from buying, selling, leasing, property management, and consulting services. We value and strive for optimal performance.
APIL Properties, Your trusted and dedicated real estate partner. Our services stand at the forefront of real estate solutions from buying, selling, leasing, property management, and consulting services. We value and strive for optimal performance.