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Real estate in Dubai is highly sought after by citizens of various countries. However, the capital of the United Arab Emirates, Abu Dhabi, has also become a very popular location for buyers of commercial and residential real estate, attracting both local businessmen and foreigners. Investors are often faced with the question of choosing between different areas of the city, as each location here has its own unique characteristics. In this article, we will explore the best areas to invest in commercial real estate in Abu Dhabi.
Content:
- Why Do Investors from Different Countries Invest in Real Estate in Abu Dhabi?
- Areas for Buying Commercial Real Estate in Abu Dhabi
- Commercial Properties for Sale
- Commercial Space for Rent in Abu Dhabi
- Who Can Help You Buy or Rent Property in Abu Dhabi?
Why Do Investors from Different Countries Invest in Real Estate in Abu Dhabi?
The main reason that makes Abu Dhabi a fantastic location for real estate investment is its rapidly developing economy. The strength of its economy lies in the oil and tourism industries. The city is witnessing a steady increase in the number of offices of international companies. The country's significant economic growth in recent years has led to a corresponding demand for commercial real estate.
In addition, Abu Dhabi's location makes it attractive to investors. The emirate is strategically located at the crossroads of Europe, Asia, and Africa. Many companies seeking to penetrate the markets of North Africa and the Middle East open their branches or headquarters in the city.
In the UAE capital, you'll find two major air hubs, Al Ain International Airport and Abu Dhabi International Airport, which offer direct flights to most countries in the world.
Areas for Buying Commercial Real Estate in Abu Dhabi
Commercial real estate is available in various parts of the megacity. On the outskirts of the emirate, you will find the Mussafah Industrial Area, which is currently home to a large number of warehouses and offices (rather than the industrial manufacturing facilities it once was). In addition, there are "labor camps" in the area that provide compact housing for workers from nearby construction and manufacturing sites. This attracts a significant number of foreign workers to the area.
The hubs of business activity in the capital of the United Arab Emirates are the Abu Dhabi Global Market and the Media and Entertainment Hub, which are free economic zones. Foreign companies based in these areas lease offices in these locations. Start-ups and branches of international organizations are also concentrated here.
Buying and renting commercial property in these areas requires additional preparation, as the legal norms governing real estate transactions differ from those in residential areas of Abu Dhabi. The specialists at Emirates.Estate can advise you on buying and renting property in these areas.
The best areas to invest in commercial real estate in Abu Dhabi are considered mixed-use neighborhoods with a high demand for rental properties, a steady population growth and planned development projects in the near future.
The following areas are popular with buyers and tenants of apartments, retail space, offices, and warehouses:
- Al Raha Island
- Saadiyat Island
- Al Raha Beach
- Yas Island
- Al Ghadeer
Al Rim Island
Al Rim Island is an artificial island that is one of the most sought after by real estate investors in the UAE. The neighborhood is located close to the city center, providing quick access to the Emirate's major shopping, business, and entertainment complexes. In addition, the island is connected to the mainland by causeways and bridges, providing easy access to other parts of the city.
Al Reem Island offers a wide range of luxury residential and commercial properties. The high demand for buying and renting real estate in this area is driven by its modern amenities and well-developed infrastructure. Residents and visitors to the area have access to parks, playgrounds, educational institutions, shopping complexes, and dining options. All these factors make the island an attractive place for professionals and families.
Saadiyat Island
Saadiyat Island is a world-class resort destination. This man-made island offers a unique blend of residential and commercial opportunities. The presence of cultural institutions such as the Louvre Abu Dhabi, the Guggenheim Museum and the Sheikh Zayed National Museum makes this location attractive to tourists from different countries and ensures a stable income for landlords and apartment sellers on the island.
Here you can buy apartments, townhouses, and luxury villas. Apartments offer breathtaking views of the Persian Gulf and the city skyline. The abundance of upscale restaurants and shopping complexes make this a desirable location for people who prefer a dynamic lifestyle.
In addition, there are world-class hotels and serviced apartments that attract millions of visitors annually. The tourism industry provides investors with a stable income from the serviced apartment and hotel sectors.
Transport connectivity also contributes to the demand for residential and commercial real estate in the area. The neighborhood is connected to the rest of the emirate by highways, and there are bus services and taxis available within the neighborhood.
Al Raha Beach
Al Raha Beach is located in the northern part of the city. Its convenient location, well-developed infrastructure and luxurious amenities make it a sought-after location among investors.
Located 11 km from the center of the UAE capital, Al Raha Beach is easily accessible from Abu Dhabi International Airport and Dubai. The neighborhood offers beaches, parks, business centers, and shopping complexes, making it a preferred choice for those who want constant and convenient access to entertainment and business facilities.
Medical centers, prestigious schools and sports facilities are also present in the area, making it an ideal place for relaxation and permanent family residence.
Yas Island
The main attractions of Yas Island are the theme parks Yas Waterworld, Ferrari World and Warner Bros World Abu Dhabi.
The location of this part of the city makes it easily accessible from different parts of the world. The island is close to Abu Dhabi International Airport. This, along with world-class attractions and beautiful beaches, makes Yas Island popular with tenants and buyers of residential and commercial real estate.
The island is included in Abu Dhabi's development plan to 2030, which aims to diversify the emirate's economy and reduce its dependence on the oil sector. As part of this plan, local authorities are investing in the development of various industries, creating new job opportunities and stimulating economic growth.
Al Ghadeer
This part of the metropolis is located in the southwestern part of the city. Al Ghadeer is one of the most popular options for investing in commercial real estate due to its convenient location.
The community is close to the Abu Dhabi-Dubai border and is adjacent to the Abu Dhabi-Dubai highway, making it easy to commute to other emirates and even neighboring countries.
Another reason why Al Ghadeer is being chosen by sophisticated investors is the high quality of life it offers residents and visitors. The neighborhood is designed to meet the needs of families with children and young professionals. A healthy, active, and business-oriented lifestyle can be maintained with numerous parks, sports facilities, swimming pools, jogging tracks and more.
City officials are investing heavily in infrastructure projects in the area, including the construction of new roads and bridges that provide easy access to the community and other parts of the metropolitan area.
In addition to the aforementioned neighborhoods, Abu Dhabi also has many commercial properties in locations such as Al Nahyan, Khalifa Street, and Hamdan Street. There are also many office spaces available for sale and lease in Al Bateen.
Commercial Properties for Sale
Warehouses, offices, and shops are sold in different parts of the city. The cost of the properties depends on the area of the premises.
The cost of a square meter of shops in the Al Maria Island area is on average AED 50,000 (about $13,000).
Here are some commercial properties currently available for sale in the capital of the United Arab Emirates:
- A 324 sq. m shop in Al Maria Island priced at AED 15,527,500 ($4,227,500).
- A 73 sq. m warehouse in Al Raha Beach priced at AED 1.012 million ($275,500).
- A 185 sq. m fully furnished office in AL Reem Island priced at AED 2.390 million ($650,700).
- A 2,090 sq. m warehouse in Mussafah priced at AED 14 million ($3.812 million).
Commercial Space for Rent in Abu Dhabi
Here are some options for renting commercial space in Abu Dhabi:
- A 162 sq. m office space in Al Reem can be rented for AED 145,000 (about $39,500) per year.
- Renting an 11 sq. m office in Al Nahyan will cost the tenant AED 20,000 (approximately $5,500) per year.
- A 20 sq. m office space in Mussafah is available for rent for AED 12,000 ($3,267) per annum.
- A 2,497 sq. m showroom in Al Nahyan can be rented for AED 3,996,800 ($1,088,000) per annum.
- An office of 17 sq. m on Yas Island can be rented for AED 126,000 (approximately $34,304).
Who Can Help You Buy or Rent Property in Abu Dhabi?
According to the Emirate's development plan, it is necessary to attract foreign investment to promote business growth and job creation in the city. With this goal in mind, a variety of premises of different types are being built, sold, and leased in the capital:
- Warehouses;
- Offices;
- Retail spaces;
- Food outlets, etc.
The commercial real estate sector in Abu Dhabi continues to offer new opportunities as the emirate's legislation evolves, new buildings are constructed, and infrastructure improves. Properties in the city are purchased for purposes such as conducting business, housing employees, storing goods, and more. Investments are also made in real estate, for example, one can buy an entire floor in an office building and rent out the individual offices.
Professionals in this field will not only help you find the space you need but will also evaluate the commercial viability of the property, negotiate with the owners, and assist in the transaction process. Commercial properties are often purchased or leased by legal entities, which requires meticulous and detailed work with documents. Therefore, it is advisable to entrust all stages of the real estate purchase or lease to specialists.
Feel free to contact us at the phone numbers provided on the website or through the feedback form. Our professionals are ready to help you not only with the purchase of real estate in the capital of the United Arab Emirates, but also with the acquisition of apartments or villas in Dubai.
