What Should You Know About the Property Market in Abu Dhabi?

Abu Dhabi has attracted many foreigners to relocate to the emirate during the last few years. In addition to the growing economy, Abu Dhabi is one of the most established emirates in the UAE and the country’s capital.

Due to the influx of many foreigners to the emirate, demand for properties has escalated to never-before levels.

But, the good news is that the supply also has increased to cater to the growing demand. The real estate market in Abu Dhabi is well-developed to balance the demand and supply of properties. As such, you can get all types of properties, from apartments to luxury villas, to rent and buy.

What Types of Properties Can You Get in Abu Dhabi?

If you are pondering the type of properties you can get in Abu Dhabi, then the answer is–all kinds of properties.

There are commercial and residential properties of all types in the emirate. If you are looking for residential properties, you can get apartments of 1,2,3 and 4-bedroom configurations.

While a 1-bedroom apartment in Abu Dhabi comes with 2 bathrooms and 900 square feet of floor space on average, 4-bedroom apartments come with 6 bathrooms and 2,270 square feet of floor space.

If you are looking for a villa for sale in Abu Dhabi, you can get plenty of them. Villa configurations start from 2-bedroom and go up to 6-bedroom.

A 2-bedroom villa comes with 3-bathrooms and 1,800 square feet of floor space. However, if you have a more prominent family, you can go for a 6-bedroom villa that comes with around 6,500 square feet of space.

In addition, there are townhouses in Abu Dhabi that are available from 2-bedroom to 5-bedroom configurations.

While a 2-bedroom townhouse has 3 bathrooms with 1,200 square feet of floor space, a 5-bedroom townhouse comes with 5 bathrooms and 4,500 square feet of floor space.

There are also commercial properties available in Abu Dhabi. As such, you will encounter no problems if you wish to set up a business in the emirate.

So, if you want to set up your office in Abu Dhabi, you will find office spaces with 172 square feet of working space.

Also, if you want to set up your retail store, you will find many showrooms for rent. And, their retail space can vary between 600 square feet to 2,500 square feet.

Moreover, you will get several warehouses for rent in Abu Dhabi, and the most popular type will come with around 18,000 sq. ft. of storage space.

Popular Areas in Abu Dhabi

You can look for a property to rent in Abu Dhabi in any neighbourhood, but some areas can be more appealing than others.

Saadiyat Island can be one of your choices. It is an affluent neighbourhood in Abu Dhabi with many villas and five-star hotels apart from beach resorts. The community is an upscale area and is the home of the rich.

Al Reem Island is another popular area in Abu Dhabi, and it is also the home to the emirate’s financial district. Therefore, you can regard AI Reem Island as the perfect place to set up an office in Abu Dhabi.

Al Raha Beach is another preferred residential area with traditional emirate villas and is known for its simplicity.

The Corniche Area is another great neighbourhood in Abu Dhabi famous for tourist attractions and has several attractions and restaurants.

Rental Price Trend

Rents for properties in Abu Dhabi are affordable. According to the prevailing trends, the rent for a 1-bedroom apartment is around AED 90k.

And, that for a 4-bedroom apartment is around AED 195k. The rent for a 2-bedroom villa is around AED 100K.

Conclusion

If you are relocating to Abu Dhabi, you will find renting or buying a property a smooth affair with the availability of numerous properties at affordable rates.