Finding the Right Real Estate Agency in Abu Dhabi
Right Real Estate Agency in Abu Dhabi
Whether you are moving to Abu Dhabi for work or relocating your family, a reliable real estate agency is a must. They will help you find the right property that fits your needs and budget. This will make the entire relocating process easier and less stressful.
Some of the top real estate in Abu Dhabi include Crompton Partners Estate Agents, First Choice Properties, and YAS Properties. They have a well-trained team that can assist you in finding the right location and community, ensuring that you will enjoy your new home for years to come. They also offer decoration and fitout services if you want to make your new home more comfortable and attractive.
The Real Estate Market in Abu Dhabi is thriving, thanks to the city’s turquoise waters, white beaches, cultural sites, developed infrastructure and strong economy. It has also reaffirmed its reputation as an international financial hub.
Finding the Right Real Estate Agency in Abu Dhabi
As a result, the UAE is attracting increasing foreign direct investment (FDI), especially from Europe and Russia. The influx of Russian wealth is a welcome boost to the country’s economy, which has seen several high-profile IPOs this year.
There is a growing demand for apartments in the UAE, which can be found across different price ranges. A number of high-end neighborhoods in Dubai and Abu Dhabi are experiencing a surge in sales, including The Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island.
Many of these communities are located near major roads and transportation hubs, making it easy to get around the city. Aside from that, they offer amenities like gyms, cafes, and other social spaces.
Another factor that is affecting the property prices in the city is the introduction of long-term residency visas or golden visas, which allow foreign nationals to live and work in the emirate without the need for a local sponsor, and own 100% of mainland businesses.
These policies are allowing foreign investors to make a positive impact on the real estate industry. This is a welcome move, as it can attract new residents and create a more stable market environment.
According to the latest report from Knight Frank Middle East, the average price of prime residential properties in the UAE has been increasing since 2011. However, prices are expected to slow down over the next few years as the government implements a series of measures to control supply and stimulate demand.
As of October 2019, the Abu Dhabi Department of Economic Development (ADDED) is introducing new rules to regulate supply and demand in the emirate’s freehold real estate market. The rules will focus on controlling the quantity of inventory and stimulating the market’s growth by implementing expat-friendly initiatives, such as the introduction of long-term residency visas, which are expected to increase housing affordability.
Aside from these, a number of other factors are also playing their part in driving up the UAE’s real estate market. This includes the country’s neutral stance on global politics and its welcoming of wealthy Russians as a safe haven for their money. Moreover, the UAE has recently introduced a number of reforms to its tax system and other policy tools. These changes are designed to ensure a more stable and prosperous market for all parties involved.