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Introduction:
Abu Dhabi is a popular destination among foreign buyers looking to invest in luxury apartments. The city offers a wide range of options for those looking to purchase an apartment in a building under construction.
In this article, Real Estate Group will provide a step-by-step guide to help you navigate the process of buying a luxury apartment in Abu Dhabi.
We will look at two strategies: buying an apartment in a building under construction for living and buying an apartment in a building under construction and then selling it after completion or renting it out.
For each strategy Real Estate Group will provide detailed information about the most attractive areas for buying apartments, how to choose a real estate agency, what to consider when choosing an apartment for living and for investment, how to buy an apartment in a building under construction in Abu Dhabi with the help of a real estate broker, what documents should be provided to the buyer, what documents should be requested from the seller, when and how to pay, what taxes, fees and other charges should be paid additionally when buying an apartment in a building under construction, what may be the following.
Chapter 1: The best neighborhoods to buy luxury apartments in Abu Dhabi.
Abu Dhabi is a popular destination for foreign buyers looking to invest in luxury apartments. The city offers a wide range of options for those looking to buy an apartment in a building under construction. Here are some of the best areas to buy luxury apartments in Abu Dhabi for investment and living:
1. Al Reem Island: Al Reem Island is built on a natural island located 600 meters northeast of the Abu Dhabi coast. Due to its ideal location, the area offers many waterfront properties with mesmerizing views of the Arabian Sea. Aside from the view, the area has a unique aesthetic due to the Spanish and Moroccan-styled architecture. The neighborhood areas of Al Reem Island include Al Maryah Island and Saadiyat Island. Whereas, there are two major highways that connect Al Reem Island with the mainland. Residents of Al Reem Island can visit Waitrose, Carrefour, Al Maya, and Geant supermarkets for grocery shopping. Whereas, for a world-class education, residents can choose from several schools located within the community. To buy apartments in Al Reem Island, residents have paid an average sales price of AED 1.2M. That said, the price of a studio to a 2-bedroom apartment in the area has ranged from AED 556k to AED 1.3M.
2. Yas Island: Yas Island is constructed on a man-made island by the ALDAR properties. The Island is home to luxury properties, upmarket hotels, Yas Marina Circuit, and Ferrari World. The area is located in close proximity to Al Raha Beach and Masdar City. For shopping, residents can visit the Yas Mall and Zoom Stores located across the community. Moreover, residents have direct access to Yas Beach and Yas Waterworld providing unlimited water activities. If you have decided to buy an apartment on Yas Island, remember that the average sales price of apartments has been AED 1.3M. The price of studio apartments has been AED 716k and it is AED 1.7M for a 2-bedroom apartment.
3. Saadiyat Island: Saadiyat Island is a natural island located 500 meters off the coast of Abu Dhabi. The island is home to several cultural institutions such as the Louvre Abu Dhabi, the Guggenheim Abu Dhabi, and the Zayed National Museum. The island also has several luxury hotels, golf courses, and beaches. The area is well-connected to the mainland via Sheikh Khalifa Bridge. The average sales price of apartments in Saadiyat Island is AED 2.5M. The price of studio apartments has been AED 1.2M and it is AED 4.5M for a 2-bedroom apartment.
4. Al Raha Beach: Al Raha Beach is a waterfront development located on the eastern side of Abu Dhabi. The area is home to several luxury apartments, villas, and townhouses. The area has several schools, hospitals, and shopping centers. The area is well-connected to the mainland via Sheikh Khalifa Highway. The average sales price of apartments in Al Raha Beach is AED 2.2M. The price of studio apartments has been AED 1.1M and it is AED 3.5M for a 2-bedroom apartment.
5. The Marina: The Marina is a waterfront development located in the heart of Abu Dhabi. The area is home to several luxury apartments, villas, and townhouses. The area has several schools, hospitals, and shopping centers. The area is well-connected to the mainland via Sheikh Khalifa Highway. The average sales price of apartments in The Marina is AED 2.5M. The price of studio apartments has been AED 1.2M and it is AED 4.5M for a 2-bedroom apartment.
6. Al Maryah Island: Al Maryah Island is a natural island located northeast of Abu Dhabi’s main island. The area is home to several luxury hotels, restaurants, and shopping centers. The island is also home to the Abu Dhabi Global Market, which is a financial center that offers a wide range of services to businesses and investors. The area is well-connected to the mainland via Sheikh Khalifa Bridge. There are several residential developments under construction on Al Maryah Island that are expected to be completed between 2024 and 2027.
Chapter 2: Choosing a Luxury Real Estate Agency in Abu Dhabi.
Choosing the right real estate agency is crucial when buying a luxury apartment in Abu Dhabi. Here are some factors to consider when choosing a luxury real estate agency in Abu Dhabi:
1. Experience: Look for a real estate agency that has experience in the Abu Dhabi market. An experienced agency will have a good understanding of the local market and can provide you with expert advice on the best areas to buy an apartment, the expected return on investment, and other important factors.
2. Reputation: Look for a real estate agency that has a good reputation in the market. You can check online reviews and ratings to get an idea of the agency’s reputation. You can also ask for references from the agency and speak to their past clients to get an idea of their experience.
3. Track Record: Look for a real estate agency that has a good track record of success. You can ask the agency about their past sales and rentals and get an idea of their success rate. You can also ask for case studies or examples of their work to get an idea of their expertise.
4. Services: Look for a real estate agency that offers a wide range of services. The agency should be able to help you with every aspect of the buying process, from finding the right property to closing the deal. The agency should also be able to help you after the completion of construction to sell the apartment and make a profit or rent the apartment for a long lease of 1 year or more.
5. Communication: Look for a real estate agency that communicates well with their clients. The agency should be responsive to your queries and keep you updated on the progress of your purchase. The agency should also be transparent about their fees and charges.
By considering these factors, you can choose the right luxury real estate agency in Abu Dhabi to help you buy a luxury apartment in an apartment building under construction.
Chapter 3: Choosing a Luxury Apartment in a Residential Complex Under Construction
When choosing a luxury apartment in a residential complex under construction, there are several factors to consider. Here are some things to keep in mind:
1. Location: The location of the residential complex is an important factor to consider. Look for a complex that is located in a desirable area of Abu Dhabi. The complex should be close to shopping centers, schools, hospitals, and other amenities.
2. Amenities: Look for a residential complex that offers a wide range of amenities. Some of the amenities to look for include outdoor or indoor swimming pools, gyms, spas, playgrounds, parking for cars, and security. The complex should also have access to the territory of the residential complex only for residents.
3. Quality of Construction: The quality of the construction is an important factor to consider. Look for a residential complex that is built with high-quality materials and has a good reputation for construction quality.
Looking to buy property in Abu Dhabi? Write to us on WhatsApp and we will select the best options for you. Everyone buys from us!
4. Services: Look for a residential complex that offers a wide range of services. The complex should have a concierge service, 24-hour security, and maintenance services. Other services to look for include housekeeping, laundry, and dry cleaning services.
5. Additional Amenities: Some elite residential complexes offer additional amenities such as private cinemas, wine cellars, and rooftop gardens. Look for a complex that offers these additional amenities if you are looking for a truly luxurious living experience.
By considering these factors, you can choose the right luxury apartment in a residential complex under construction in Abu Dhabi.
