No Result
View All Result
Newsletter
  • Art
  • Design
  • Decor
  • Kitchen
  • Distinct
  • Tools & DIY
  • Lawn & Garden
  • Outdoor
  • Lifestyle
  • Project
  • Reviews
  • Art
  • Design
  • Decor
  • Kitchen
  • Distinct
  • Tools & DIY
  • Lawn & Garden
  • Outdoor
  • Lifestyle
  • Project
  • Reviews
No Result
View All Result
Infinite Sushi

The Main Features of Purchasing Flats in the Abu Dhabi

Infinite Sushi Team by Infinite Sushi Team
in Distinct
0
The Main Features of Purchasing Flats in the Abu Dhabi
Share on FacebookShare on Twitter

Abu Dhabi is the most affluent emirate in the UAE, with solvent residents and high rental prices.

It contains about 90% of the country’s oil reserves. Therefore, property for sale by the sea in Abu Dhabi, the country’s business center, can be profitably rented out, just like commercial real estate.

Contents

  • 1 Benefits of Buying Property in Abu Dhabi
  • 2 Purchase Process
  • 3 Tourism in Abu Dhabi
  • 4 Property in Abu Dhabi

Benefits of Buying Property in Abu Dhabi

Acquisition of real estate in the capital of the United Arab Emirates has the following advantages:

  • recovery on acquisition in Abu Dhabi is 7-8% per annum since lodging and retail belongings are in demand in terms of rent among permanent and visiting residents;
  • thanks to the 700-kilometer coastline, gorgeous beaches, and many islands, Abu Dhabi has created ideal conditions for the development of tourism;
  • in the emirate, there are land plots available for development at a relatively low price – from 500 USD per square meter;
  • the opportunity to obtain a residence permit for 5 years to purchase real estate worth 5 million dirhams (1,361,322 USD) or for ten years with an object value of 10 million (2,722,644 USD).

Purchase Process

The process for buying a retail property or house in Abu Dhabi consists of the subsequent steps:

  • studying the real estate market, selecting an option. You can search on your own or contact a realtor. The buyer delivers the benefits of a real estate agent (1-3% of the object’s value);
  • obtaining a license from the developer for implementation. If an intermediary sells the object, he must ask the construction outfit for permission to sell it;
  • signing a sales contract. The contract is drawn up by the seller or real estate agency;
  • depositing the amount of 10% of the total price of the object. To do this, the buyer, having personally visited Abu Dhabi, draws up a check and passes it to the seller in the presence of an employee of the Land Department;
  • re-registration of real estate in your name at the Land Department. Suppose we are talking about buying on the secondary market. In that case, you must additionally pay for the registration of the transfer of ownership in the amount of 2% of the object’s price. For re-registration, the passports of the buyer and seller, a certificate of registration of the thing, a permit for sale, and a contract of sale are required.

Tourism in Abu Dhabi

The positive dynamics of growth and the hotel sector of Abu Dhabi continued.

The demand for the capital’s hotels increased thanks to events such as the Olympics, AFC Asian Cup, Abu Dhabi Showdown Week, Formula 1, and the Papal Mass, which allowed building a forecast for subsequent years and expanding the supply of hotel apartments by 9300 units.

Aldar Properties, Abu Dhabi’s leading real estate developer, confirms that the emirate’s tourism industry is growing with an announcement of its earnings for the past year.

Based on the report, net income was AED 1.7 billion, up 7% from 2018 and hitting record real estate sales figures of 53% more. The company’s gross profit increased by 30% and rental income by 8%.

In Abu Dhabi not only hotels are opening but large-scale development of new residential facilities is underway, but the rental market is stabilizing so that not only tourists will benefit if prices start to fall, but also investors.

The government is doing everything possible to ensure that demand and supply suit both parties – the tenant and the landlord.

Thus, Abu Dhabi enters a new market with excellent investment opportunities and opens up opportunities to attract foreign investors, where the key points are not only affordability but also a great long-term investment opportunity.

Property in Abu Dhabi

You will have the possibility to compare prices for properties in various places and find the best option.

Previous Post

Why is Hybrid Mattress the Best Addition to Your New Bedroom?

Next Post

Tips for Designing a Modular Building

Infinite Sushi Team

Infinite Sushi Team

Infinite Sushi is a Home, Design, DIY blog platform. Powered by its own community and writers around the globe. Infinite Sushi is the go-to source for Home & Garden culture, Art, Design, Lifestyle content.

Related Posts

Living Room Storage Solutions: Stylish and Practical Ideas
Decor

Living Room Storage Solutions: Stylish and Practical Ideas

Are you tired of living in a cluttered mess? I've got the ultimate solution for you. If you're anything like...

by Infinite Sushi Team
September 25, 2023
The Golden Touch: Enhancing Nutritional Value with Raw Honey in Organic Eating
Distinct

The Golden Touch: Enhancing Nutritional Value with Raw Honey in Organic Eating

Honey's golden hue and syrupy sweetness have made it a prized natural food since ancient times. But raw, unpasteurized honey...

by Infinite Sushi Team
September 25, 2023
How to Prepare for a Kitchen Remodel
Design

How to Prepare for a Kitchen Remodel

If you are getting ready for a Miami kitchen remodeling, there are two different ways in which you must prepare...

by Infinite Sushi Team
September 22, 2023
The Top 10 Cleaning Hacks for Busy Parents
Tools & DIY

The Top 10 Cleaning Hacks for Busy Parents

Introduction Juggling the roles of a parent with the daily tidying challenges can often seem like mastering the most intricate...

by Infinite Sushi Team
September 22, 2023
Gardening For Pet-Friendly Spaces: Cultivating Flowers That Won’t Harm Your Furry Friends
Lawn & Garden

Gardening For Pet-Friendly Spaces: Cultivating Flowers That Won’t Harm Your Furry Friends

For many of us, gardening is not just a hobby; it's a refuge—a personal space where we retreat to rejuvenate...

by Infinite Sushi Team
September 22, 2023
Auto Draft
Tools & DIY

Bright Choices: Comparing 26W LED Wall Pack Lights to 160W UFO LED High-Bay Lights with US Plug

In the world of lighting, the quest for energy efficiency, longevity, and versatility has led to innovative solutions that illuminate...

by Infinite Sushi Team
September 22, 2023
Load More
Next Post
Tips for Designing a Modular Building

Tips for Designing a Modular Building

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Follow us on Facebook

Enter the fold

Subscribe to our Weekly Newsletter!

Recent Posts

  • Living Room Storage Solutions: Stylish and Practical Ideas
  • The Golden Touch: Enhancing Nutritional Value with Raw Honey in Organic Eating
  • How to Prepare for a Kitchen Remodel
  • The Top 10 Cleaning Hacks for Busy Parents
  • Gardening For Pet-Friendly Spaces: Cultivating Flowers That Won’t Harm Your Furry Friends
  • Contact
  • Write for us
  • Advertise
  • Privacy Policy

© 2020 Infinite Sushi - A Sushi Inspired Home Design DIY Blog

No Result
View All Result
  • Art
  • Design
  • Decor
  • Kitchen
  • Distinct
  • Tools & DIY
  • Lawn & Garden
  • Outdoor
  • Lifestyle
  • Project
  • Reviews

© 2020 Infinite Sushi - A Sushi Inspired Home Design DIY Blog