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Inside Abu Dhabi

Abu Dhabi.........

..........derived from the Arabic word which means “father of gazelle”, Abu Dhabi is the federal capital of the United Arab Emirates, and largest among the seven Emirates. It is one of world’s largest producers of oil, but actively diversifying on financial services and tourism. It was also one of the world’s best pearling destinations until oil exploration began.

Real Estate Laws & Procedures in Abu Dhabi (click here)


Guide To Buying in Abu Dhabi
Land will always have value; much more is to a land in Abu Dhabi where urban development is taking its pace. A recent HSBC survey showed that real estate prices in Abu Dhabi and Dubai were among the lowest for per capita GDP in the world.
Inspite the above scenario however, it is important to understand these simple rules before purchasing a property in Abu Dhabi:
Know the basics between a Freehold or Leasehold property. Freehold is the right in a property to hold it with a perpetual right unlike in case of leasehold property. A freehold property lies with the title holder unless he transfers it of his own. Check out the immediate surroundings of the property. Be cautious of anything nearby that can be detrimental to the property, i.e. close to main roads, high tension cables, electricity substations, or a large water drains. Know from sources or potential contacts of future developments of real estate projects before they become publicly-known. Look through and compare prices of properties through real estate classified ads in print and online websites. Try to visit show units from real estate developers. If property is up in the resale market, visit it often and weigh the pros and cons of the said property. Don’t rush in buying a property.

Why Invest In Abu Dhabi

There are few good reasons why Abu Dhabi has become an ideal investment location:

Increase in demand for rental property
Increase in annual rent payment
No income tax
No capital gains tax payable in the UAE
Capital growth exceeds expectations
No stamp duty on Abu Dhabi property
The only fee charged is the 1.5 per cent land registration fee, yet, payable upon completion

Residential: Abu Dhabi will see strong demand for residential units across all sectors of the market as the population grows. Strong governmental and service sectors will lead to a gradual increase in the proportion of white collar workers.

Retail: Increasing population and tourism will lead to a growing demand for retail space.
Office: While Abu Dhabi’s economy will remain strongly influenced by the energy sector, growth in government, institution and service sector employment will lead to increasing demand for office space as the market matures.
Industrial: The industrial sector will grow with the expansion and relocation of the port area, combined with the development of a significant industrial zone in close proximity to the new port.
Hotel: Increases in hotel room supply will be essential to accommodate the anticipated growth in both business and leisure guests to Abu Dhabi. The islands will be the primary location for leisure hotel development, while new business hotels will be needed close to the business centers and the airport.
Golf: Golf development is envisaged in a number of the resort

development areas and the creation of a number of courses will help drive golf-related tourism to Abu Dhabi. Golf serves to increase the value and desirability of residential and resort real estate, but the construction and operating costs of such facilities are high in the UAE. Therefore, the level of supply is expected to remain relatively modest.

Education: A primary goal of the Abu Dhabi Government’s education policy is to create the highest quality, comprehensive system of education that applies world-class standards and expertise to the delivery of education at all levels.
Marina: Demand for marina berths is likely to rise as developments on the islands around Abu Dhabi mature, but boating remains an expensive pastime and thus a steady growth rate, in line with population growth, is expected.
Hospital and Healthcare: The Government of Abu Dhabi is making significant improvements to the Emirate’s healthcare system,
expanding capacity and raising standards across the sector. This includes a number of new healthcare institutions and the development of existing facilities.

2007 - Baseline • 930,000 residents • 1.8 million annual tourist visits • 180,000 residential units	2013 - Five Year Projection • 1.3 million residents • 3.3 million annual tourist visits • 251,000 residential units

2020 • 2.0 million residents • 4.9 million annual tourist visits • 411,000 residential units	2030 • 3.1 million residents • 7.9 million annual tourist visits • 686,000 residential units

Source: http://www.abudhabi.ae

The increase in the demand for rental property in Abu Dhabi is brought about by the constant increase in the number of residents. In 2006 alone, rental yields exceeded 15 per cent. On the commercial side, Abu Dhabi was voted one of the world’s fastest growing office rental markets of the year 2007.

The UAE Dirham is directly pegged to the US Dollar.
As the Dollar rises and falls, the Dirham does. This is because the value of the Dollar is weak compared to the GBP and Euro. However, payments made to the UAE from UK and Ireland will enhance.

Abu Dhabi takes pride in its famous landmarks and tourist destinations.
It has been slated to host Formula 1 and build the only Louvre museum outside of Paris. With the launch of direct flights from Abu Dhabi to Europe, the Far East, Australia and America via the Etihad Airlines, the emirate has even become a favorite destination. As of October 2007, Abu Dhabi ranked as 52nd among the world’s top 150 city destinations according to the Euro Monitor International.
Setting excellent standards.
The building quality, architectural standards and finish of all construction works in the UAE conform to the world’s standards. Even the security and technology features in real properties also meet the norms in quality and excellence.

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