Buy Property in Abu Dhabi

Monday, April 6, 2015

Buy Property in Abu Dhabi

 

There are a broad range of residential and commercial properties for sale in Abu Dhabi. To buy property in Abu Dhabi it is advisable to deal with a reputable property agency to ensure the necessary rules and regulations are followed. Abu Dhabi properties for sale have been most popular on Reem Island and Al Raha Beach, however there are more than enough areas for people to choose from whether families, singles or couples. When looking specifically for apartments, other popular areas to buy Abu Dhabi properties are Shams Abu Dhabi, Gate District and Tamouh Marina Square; and sought after areas for villa sales are the Al Reef Community and Abu Dhabi Island. In 2005 Abu Dhabi enacted Law 19 which allowed foreigners to own property in the emirate for the first time in its history and over the last ten years the Government has developed the industry’s rules and regulations. To buy property in Abu Dhabi today for personal use or for investment, buyers can be assured of a comprehensive legal real estate structure for both the buyer and the seller; however, there is still work to be done on streamlining and further developing these laws. 

 

Abu Dhabi properties attract a range of foreign buyers confident in the 12 investment zones and to the real estate industry’s growth and development as a key industry within the emirate. To buy property in Abu Dhabi today potential buyers and sellers engaging in due diligence will find ample information on ownership rights, property rights and mortgages from the Abu Dhabi real estate registration department tasked with the property protection rights of all parties involved. When searching for Abu Dhabi properties for sale or owners who want to sell have a wide array of real estate companies to choose from in Abu Dhabi, though to buy property in Abu Dhabi there are also Dubai based agencies that handle both emirates. When discussing Abu Dhabi properties, it is worth noting that with fierce competition for properties in the market, most major developers are aware that popular units need to incorporate quality construction, ample amenities, proximity to schools and competitive prices for potential buyers to buy property in Abu Dhabi. Most Abu Dhabi banks offer both Islamic and conventional financing with services dependent on the buyer profile and whether the property in question is completed or still under construction.



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