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The UAE is a unique country with an original and rich culture which has managed to build a thriving oasis in the middle of the desert and become one of the key financial centres of the world. Real estate in Dubai and Abu Dhabi is an asset with great economic potential, which will provide the owner with financial stability.
The Emirate offers a lot of opportunities for foreign real estate investors to scale their businesses due to the limited supply and stable demand. We will show you five other important reasons for buying an apartment in Abu Dhabi in this article.
Content:
- Strong economy
- Stable market
- Continuous technological growth
- Prosperity of residents
- Business comfort
- Our assistance in buying real estate in the UAE
Strong economy
Abu Dhabi is the capital of the UAE and the largest emirate in terms of size and the GDP share of the country. It accounts for 60% of the entire economy of the United Arab Emirates. This is a great place to invest, live and work. Abu Dhabi is the wealthiest city in the UAE with a GDP of USD 268 billion and one of the wealthiest cities worldwide.
Thanks to its extraordinary construction projects and high level of cultural development, Abu Dhabi has formed the fastest-growing labour market in the country. The average per capita income here is USD 96,000 annually.
Stable market
A business choosing this Emirate as an asset haven will benefit from zero taxation and an average rental yield of 8.32% annually. At the same time, the local market offers a lower purchase price for residential space in comparison with other major cities in the world.
The range of affordable real estate in Abu Dhabi is relatively small, especially when compared to Dubai. In this regard, local real estate objects are consistently in high demand against the background of insufficient supply, creating favourable conditions for landlords.
Continuous technological growth
Abu Dhabi is a leader in the implementation of ambitious innovative projects that attract international entrepreneurs and technology specialists. Due to this and the combined efforts of the government, the Emirate was recognized as the "smartest" city in the Middle East in 2023.
The Abu Dhabi Investment Office (ADTA) has launched a USD 545 million program that provides business support in fast-growing areas, including financial services, tourism, agrotechnology, ICT, healthcare and biopharmaceuticals, among others.
Abu Dhabi strives to use innovation to develop its economy and increase the life satisfaction of residents, expats and tourists.
Prosperity of residents
One of the main priorities of the emirate's policy is the welfare of the residents and guests of the city. This is confirmed by the rich cultural diversity and the fact that Abu Dhabi has been the safest city in the world for seven years in a row.
The newly established Abu Dhabi Tourism Authority (ADTA) serves as a specialized resource to help the emirate's international community grow. Today, the Emirate is the place for advanced academic institutions, leading medical institutions and venues for world-class events in the fields of sports, music, art and others.
Business comfort
The policy of cooperation and the emphasis on improving the quality of life turn Abu Dhabi into an exceptionally comfortable business environment, especially favourable for international investors.
The Abu Dhabi Real Estate Law was adopted in 2016 to streamline several practices and conduct reforms that correspond to the planned innovation pace of the country and, at the same time, increase the convenience of conducting business for representatives of the business community.
Later, in April 2019, the Abu Dhabi government introduced a new law allowing foreign citizens to freely own real estate and introduced three new types of visas, along with long-term residence visas, to facilitate the process for foreigners moving to the country.
Our assistance in buying real estate in the UAE
Are you looking for great deals from developers? The website of Emirates.Estate contains apartments in Dubai, Abu Dhabi and other emirates from leading construction companies in the Middle East. At your disposal is an extensive database of facilities, including new development projects in Dubai and Abu Dhabi with current prices, a pool of licensed developers and agencies, as well as the services of specialists with many years of experience in the UAE real estate market.
