Trending Projects That You might like:
Why Should You Buy Freehold Property?
Well, there are various advantages of buying freehold property including full ownership rights, potential for high returns on investment, and also it allows you to lease or sell the property without any objection or restrictions. All in all, you will enjoy the best version of living in Abu Dhabi.
“You should know about Abu Dhabi Freehold Property law before buying”
If you are an expat or foreigner and want to buy property in Abu Dhabi then you have to follow certain laws. According to Abu Dhabi Property Law No. 19 of 2005 concerning the Regulation of the Real Estate Sector Abu Dhabi Allows expatriates to own properties in the form of floors and apartments only. But after the amendment changed in 2019 expats and foreigners are allowed to own all types of property in designated areas of Abu Dhabi.
- Ownership
Buyers (Expatriates & foreigners) are granted ownership deeds of residential units for a period of 99 years, which allows them to fully dispose of the apartments and villas they buy (land is not included).
- By Musataha Agreement
Buyers can own residential units for a period of 50 years, renewable by the agreement for the parties for a similar period. Masataha contracts entitle the owner to enjoy the construction or alteration of the property within the specified period.
- Usufruct contract
Buyers can own residential units for 99 years. The Usufruct contract entitles the owner to enjoy the use of the property and its facilities without being able to change it.
- Long Term lease
Long -term lease is given for an initial period, not less than 25 years.
(Note :- Abu Dhabi free- hold property laws are the same for expats & foreigners.)
Top Areas To Buy A Freehold Property In Abu Dhabi
- Yas Island: One of the most sought-after places in Abu Dhabi where anyone can buy freehold property. The island attracts global attention and offers ranges of trendiest freehold properties. You can expect a luxurious lifestyle and all world class amenities like retail outlets, restaurants, school, and other upscale hotels and entertainment destinations. The Island is quite famous for Yas Bay, Yas Marina Circuit, Yas Mall, Ferrari World and Warners Bros.
Property available here in this Island ranges from affordable to luxury flats to luxury villas. Hence, for investment Yas Island is a great choice.
- Saadiyat Island: Another popular freehold area which has gained its popularity as the cultural hub of Abu Dhabi. You will get ranges of luxury properties in different typologies such as luxury apartment and villa. If you are looking for freehold property types then must choose a villa, these property types are quite most preferable amidst home buyers.
On the other hand, Saadiyat Island holds endless entertainment as well as leisure options for you where you can easily unwind yourselves. The Island has many renowned museums, cultural attractions and regular art exhibitions and workshops are located which makes your leisure time more engaging.
Al Reef - Strategically located on the mainland, off Abu Dhabi International Airport, Al Reef is another most popular community in Abu Dhabi. Villa property types are common in this area and come with affordable price manners. You will also select a studio & apartment as well.
Al Reef is a freehold zone and expats as well as foreigners can buy a property here. From this island you can easily access Al Raha Beach, Yas Island. Because of affordable property prices Al Reef is a popular choice.
Al Raha Beach: Another popular freehold zone, usually foreigners prefer to buy freehold property. Al Raha Beach is famous for waterfront properties hence for investment it’s an advantageous location. Studios & apartments property types are easily available here. The location is ideal for families, working professionals. Additionally, Al Raha Beach is well-connected to Abu Dhabi- Dubai Highway (E11) and also gives easy access to Yas Island.
Masdar City :- Developed by Mubadala Investment Group Masdar City is a mixed used freehold community. Ranges of high-end property types are available here including studios and apartments. The community holds all social civic facilities close to the project, and offers a smart lifestyle. There are retail options, parks, universities, and schools are in close vicinity.
Al Maryah Island :- Another popular freehold area in Abu Dhabi, boasts waterfront address, contemporary lifestyle amenities and offers wide ranges of property options. Studio & apartment are some most preferred property types available in this Island.
On the other hand, Al Maryah Island has many endless entertainment and dining options available for residents to explore. There are many other options available for fun and entertainment. You can get easy access to the beach area and unwind there.
Freehold Properties For Sale In Abu Dhabi
There are other freehold property areas where you can purchase property such as:
- Khalifa City
- Al Khalidiyah
- Al Muroor
- Al Shamkha
- Corniche Area
- Madinat Al Riyadh
- Shakhbout City
- Mohammed Bin Zayed City
- AL Mushrif
- Al Bateen
- Al Matar
Freehold Villas For Sale In Abu Dhabi
- Kayan Phase 2
- The Villas
- Vista Del Mar
- AMS Murjan Al Saadiyat
- IMKAN SHA Residences
- Mudon Al Naseem Villas
- Saadiyat Lagoons Phase 2
- Rahman Island Villas
Freehold Apartments For Sale In Abu Dhabi
- Aldar The source
- The Icon Tower
- The Bay Residence
- Grove Museum Views
- Aldar The Arthouse Saadiyat Grove
- Myyas at The Bay
- Four Seasons Private Residences
- Reportage Plaza 2 at Masdar City
- Elie Saab Waterfront Residences
Freehold Property In Abu Dhabi Price
Check out the most sought-after areas where you can buy freehold apartments and villas.
| Area | Starting Price for Apartments | Starting Price for Villas |
|---|---|---|
| Al Reef | AED 491,000 | AED 1,528,000 |
| Saaidyat Island | AED 663,000 | AED 6,180,000 |
| Yas Island | AED 633,000 | AED 4,485,000 |
Popular Freehold Neighbourhood in Abu Dhabi For Apartments & Price
| Area | Studio | 1 bed | 2 bed | 3 bed |
|---|---|---|---|---|
| Al reem Island | AED 563,000 | AED 807,000 | AED 1,291,000 | AED 1,975,000 |
| Al Raha Beach | AED 945,000 | AED 1,133,000 | AED 1,625,000 | AED 2,543,000 |
| Masdar City | AED 527,000 | AED 757,000 | AED 1,110,000 | AED 2,279,000 |
| Al Maryah Island | AED 498,000 | AED 749,000 | AED 1,067,000 | AED 1,549,000 |
How To Calculate Freehold Property Value In Abu Dhabi
The value of freehold property in Abu Dhabi can only be accurately counted by a qualified real estate agent. Only he can understand the market conditions, property specification or USP and other economic factors and tell you the exact value.
Additionally, there are some other factors such as location, property type, size and layout, amenities and market conditions which influence a freehold property value. Real Estate professionals use different methods to calculate the value and also there are many online tools and resources are available to use
Is it good to buy freehold property in Abu Dhabi?
Yes, it is a good decision to buy freehold property in Abu Dhabi. The government of UAE has designated some freehold areas where foreigners and expats can also buy property. These areas are well-equipped with all lifetime facilities & amenities and provide a favourable atmosphere for both families and working professionals. Also, these freehold areas provide different types of properties available in affordable and luxury segments.
Conclusion
Freehold property in Abu Dhabi offers unique opportunities for investment. Those who are looking for long term investment and expect growth and stability then various property options are available. Besides this Abu Dhabi’s sales report H1 2024 saw a growth in property. Luxury apartment ROI increased 6.94% - 8.52% and villa ROI surged 6.89% -8.08%.
