Buy Property In Abu Dhabi

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Property buys in Abu Dhabi are considered very ‘hot’. The pro-investor property laws that have recently been introduced have provided an extra incentive to buy property in Abu Dhabi.

The UAE has 9% of the world’s natural gas reserves and Abu Dhabi has the lion’s share of this. 2006 saw sweeping legislative reforms aimed encouraging more private sector investment, particularly in tourism and real estate. A host of new laws were introduced to allow more people to buy property in Abu Dhabi. Moreover, large residential and industrial complexes were commissioned utilising state of the art technology that brings on stream, a range of properties to buy in Abu Dhabi.

Experts recommend buying property in places like Abu Dhabi, as well as other middle-eastern countries, because of the economic boom brought about by rising oil prices. Pragmatic economic planning by the government has further encouraged investors to buy property in Abu Dhabi and Dubai. Like Dubai, Abu Dhabi is focusing on broad-based development of private sector enterprise, independent of oil. Almost 80% of its population are expatriates who often buy property in Abu Dhabi as an investment. New laws expand ownership rights of foreigners but there are some conditions that apply to foreigners who want to buy property in Abu Dhabi.

Prices of property bought in Abu Dhabi are relatively cheap in respect to Dubai, yet real estate in the Emirate is just as dynamic. A high rate of occupancy encourages investors to buy property in Abu Dhabi. Moreover yields for property bought in Abu Dhabi are quite favourable. Spiralling demand and rents together with increasing tourist inflows are also encouraging investors to buy property in Abu Dhabi now. The government has also invested substantially in attractions targeted at the high-end leisure tourist, and investors are looking to buy property in Abu Dhabi now to reap the benefits of an anticipated leap in tourist arrivals.