A city of architectural ingenuity and innovation
Discover Abu Dhabi's Real Estate
The stable economy and great standard of living make Abu Dhabi stand out from most of the cities in the world. With the rapid development seen over the years, Abu Dhabi is a beauty to behold. Due to the city's focus on culture, tourism, and economy, it is one of the best investment destinations in the world. This is to say that there is no better place for you to make property investment than Abu Dhabi.
Culture, History, and Business
Abu Dhabi is situated on an island within the Persian Gulf, off the Central West Coast. It is the United Arab Emirates’ capital, as well as the capital of the Emirate of Abu Dhabi (the largest of the country’s seven emirates). The Emirate and a large proportion of the city’s occupants live on the mainland, which connects to the country’s other parts. Abu Dhabi is the second-most populous city in UAE. In 2020, the city’s population is recorded at 1.48 million.
The rapid urbanization and growth in the city, as well as the mammoth oil and gas production and reserves, have turned it into a massive, advanced metropolis. Another transformation factor is the reasonably high average income. Abu Dhabi is the UAE’s political and industrial hub and also plays an important role in the development of commerce and culture The city accounts for close to 67% of UAE’s approximately $400 billion economy.
Real Estate Appeal
In the third quarter of 2019, neighborhoods like Al Raha Beach, Al Reem Island, Saadiyat Island, and Al Reef are dominant in the property investment sector, whereas established areas like Khalifa City A, Mohammed Bin Zayed City, and Al Muroor are the best choice for property rental in Abu Dhabi. Homeowners within this location will be happy because of the increase in the price of apartments. According to statistics, Al Reem Island is the leading neighborhood when it comes to buying and renting apartments. These areas have been in high demand since the beginning of 2019 and are expected to attract more potential homeowners and tenants due to the fascinating location and satisfactory pricing.
Undoubtedly, investing in Abu Dhabi is an option any discerning real estate investor wouldn’t overlook. Does this wonderful city sound like the best investment destination for you? Read our subsequent articles to find out the best suburbs to invest in and the reasons why you should invest in Abu Dhabi.
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