Abu Dhabi real estate is now considered to be a business with high rate of return and when you explore to buy or sell offices and homes you will see it is certainly true. Anyone who is interested in Abu Dhabi Properties can make millions by investing in homes and offices. All it needs is a great sense of finding opportunities to produce adequate profits. An investor needs to be careful all the time and should keep an eye of the tiger on ups and downs of Abu Dhabi real estate and Abu Dhabi properties to take the best benefits of the amount invested. With investing in real estate market in Abu Dhabi it means that someone is investing in a goldmine.
Real estate market in Abu Dhabi especially for homes and offices soaring sky high, and it will unquestionably rise further in coming couple of years as it is speculated by the experts of real estate and Abu Dhabi properties. The potential of Abu Dhabi real estate market is great as one can find apartments, flats, homes and offices in Abu Dhabi for sale and invest to take the benefits of available money making opportunities. In past, real estate laws in Dubai did not permit the expatriates to purchase properties, offices and homes in Abu Dhabi. They were only permitted to have homes and offices in Abu Dhabi on rental basis. The rental services in Abu Dhabi are fairly active and prove to be a helpful assistance in finding homes, apartments, flats and offices in Abu Dhabi.
This is the main ground why many foreigners use Abu Dhabi rental services and only inquire for homes and offices in Abu Dhabi on rental basis rather buying properties in Abu Dhabi and Dubai. The administration in Dubai and Abu Dhabi has shown some leniency in the beginning of this decade and since then no expatriate now needs to rent a home or office in Abu Dhabi. Now they can approach Dubai real estate and Abu Dhabi properties services and can buy a home or office. With a great relaxation from the government of Dubai in order to improve the conditions of real estate market in Dubai and Abu Dhabi and new law implementation has provided a new boom to the property value.
The greater portion of the influx of entrants coming to Dubai is the job seekers and vacationers. In contrast there are lot of casual visitors who need the temporary period are those coming for miscellaneous tasks like attending an award ceremony, entertainment shows, seasonal galas, occasions and sometimes the product launching parties. Most of the time it is observed that these visitors don’t need a permanent stay in Dubai as they come with particular aim and get back to their homeland after completing their tasks. This reason is the basic factor why Abu Dhabi real estate and Abu Dhabi property on rent are having high rate of return and there is a growth have been seen for the last few couple of years.
About the Author
John Parker is expert analyst and market researcher on Abu Dhabi properties and Abu Dhabi real estate Market, he writes Dubai Apartments articles. He works for Elysian Real Estates, one of the most growing real estate firms in UAE.
Sunday, April 3, 2011
Wednesday, March 3, 2010
A Short Note on the State of Real Estate in Abu Dhabi
The latest report by CB Richard Ellis finds that rents for residential properties in Abu Dhabi had declined in the final quarter of 2009 but at a slower rate than at any point during the previous year.
The report estimated that a further lowering of rents was likely in the coming quarters as more new residential units entered the market. As a result, tenants in Abu Dhabi would be able to negotiate better with landlords, at least in the short term.
However, concerns remain over job cuts in Abu Dhabi, as a consequence of which tenants were now becoming more cautious with their spending. Landlords and agents are expected to be more open to negotiating lower rents with tenants in this situation.
In the commercial sector, the impact of the global economic crisis is still evident as leasing and sales transactions remain passive. Rents have continued to fall since 3rd quarter 2009 and office vacancy rates are also expected to rise this year due to a combination of new units but weak demand.
The report estimated that a further lowering of rents was likely in the coming quarters as more new residential units entered the market. As a result, tenants in Abu Dhabi would be able to negotiate better with landlords, at least in the short term.
However, concerns remain over job cuts in Abu Dhabi, as a consequence of which tenants were now becoming more cautious with their spending. Landlords and agents are expected to be more open to negotiating lower rents with tenants in this situation.
In the commercial sector, the impact of the global economic crisis is still evident as leasing and sales transactions remain passive. Rents have continued to fall since 3rd quarter 2009 and office vacancy rates are also expected to rise this year due to a combination of new units but weak demand.
Thursday, December 24, 2009
The Rising Star of Abu Dhabi
If Dubai is the most well known of the emirates for its cosmopolitan appeal and international lifestyle, expatriates and international travelers would readily recommend Abu Dhabi as a close second. Gone are the days of old when Abu Dhabi was a dusty sandy mass of desert land, with few and scanty residences scattered in the Bedouin wilderness. It all changed after oil was discovered there in 1958. Shortly afterwards the British helped Abu Dhabi’s first President ruler Sheikh Zahid Bin Sultan Al Nahyan depose his elder brother Sheikh Shahkbut in 1966 in a bloodless coup. While Sheikh Shakhbut was more conservative, Sheikh Zayed readily saw how the oil earnings could transform his nation into a modern paradise.
True to his vision, Sheikh Zayed during his reign worked tirelessly for the success of this dream. He invested a lot of money in turning the desert green, and it has paid off handsomely, for today Abu Dhabi has converted into a stellar example of a modern city. The landscape boasts many medium to high rise buildings, intermittently laced with imposing glass skyscrapers of every description. Permission has to be taken to construct buildings over 500 feet or 150 meters.
Abu Dhabi is a well planned city, with many parks and open spaces and a wide beachfront accessible to the public. All of these are well maintained by the civic authorities.
Abu Dhabi has the distinction of being among the world’s richest nations. It has the third highest GDP per capita in the world after Luxembourg and Norway. Though it is also the biggest oil producer in the emirates, it has successfully diversified its earnings and invested in retail, tourism, industry and real estate sectors, so that 64 percent of its GDP is derived from these sources today.
With all these things in its favor, it is no wonder that the attention of migrant workers to the UAE has been shifting from Dubai to Abu Dhabi. We will be seeing the effects shortly as there is more interest in Abu Dhabi properties and property for sale in Abu Dhabi will then be at a premium. This is good news for anyone connected with Abu Dhabi real estate or having any kind of Abu Dhabi property for sale. It will undoubtedly produce many opportunities in future.
True to his vision, Sheikh Zayed during his reign worked tirelessly for the success of this dream. He invested a lot of money in turning the desert green, and it has paid off handsomely, for today Abu Dhabi has converted into a stellar example of a modern city. The landscape boasts many medium to high rise buildings, intermittently laced with imposing glass skyscrapers of every description. Permission has to be taken to construct buildings over 500 feet or 150 meters.
Abu Dhabi is a well planned city, with many parks and open spaces and a wide beachfront accessible to the public. All of these are well maintained by the civic authorities.
Abu Dhabi has the distinction of being among the world’s richest nations. It has the third highest GDP per capita in the world after Luxembourg and Norway. Though it is also the biggest oil producer in the emirates, it has successfully diversified its earnings and invested in retail, tourism, industry and real estate sectors, so that 64 percent of its GDP is derived from these sources today.
With all these things in its favor, it is no wonder that the attention of migrant workers to the UAE has been shifting from Dubai to Abu Dhabi. We will be seeing the effects shortly as there is more interest in Abu Dhabi properties and property for sale in Abu Dhabi will then be at a premium. This is good news for anyone connected with Abu Dhabi real estate or having any kind of Abu Dhabi property for sale. It will undoubtedly produce many opportunities in future.
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