Hamdan Street

Interested investors and potential buyers can consider both premium and affordable options in the area, however, you won’t find any villas or townhouses here. Hamdan Street is one of the key highways of Abu Dhabi and the area shares borders with large residential communities such as Corniche and Madinat Zayed. Due to a wide range of retail stores, restaurants, entertainment options and premium hotels, the area is quite popular among tourists.

The majority of Hamdan Street residents are expats from Asia and Middle Eastern countries. The area is one of the busiest in Abu Dhabi, therefore, it might be quite challenging to find an available parking space here during rush hour and peak work times. The residents of the area will be provided with allocated parking spaces in residential buildings, and will be able to find parking in the shopping centers, as well as the public underground Mawaqif Underground Parking facility. For those who want to use public transport, there are several buses that go through Hamdan Street, among which are X89, X62, 33, E100 and 54.

Hamdan Street is one of the main business centers of the Emirate of Abu Dhabi, in which 128 representative offices of international companies can be found in this area alone, therefore, the commercial real estate sector is very developed here.

The area is also a popular tourist destination that offers a great number of retail stores, entertainment destinations and boutiques of well-known brands such as Marks & Spencer, Brands for Less and Homecentre. The oldest shopping center of Abu Dhabi named Hamdan Center is located here as well. The mall is famous for goods made of leather, like shoes, souvenirs and sports equipment. Those who love shopping should also visit the World Trade Center Mall that was built on the site of the old central market. In this modern mall you will find 160 retail stores of luxury and popular brands, including various accessories and jewellery, a food court and the entertainment area named The Hub.

On Hamdan Street there is also the oldest gold and jewellery shopping center of Abu Dhabi; the Madinat Zayed Shopping & Gold Center, where one can find hundreds of gold and gemstone stores.

The area is also full of a wide variety of cafes and restaurants offering various cuisines from around the world. You will be able to taste traditional Arabic food, as well as Italian, French, Spanish and Indian dishes at Le Beaujolais, Spaccanapoli, Ortego's Deli or Ruchi Restaurant.

Economic Attractiveness

Hamdan Street is a residential and commercial area, located in the center of Abu Dhabi that is popular among those who are looking for an affordable unit to rent. Thus, a 1-bedroom apartment at Hamdan Street will cost you from AED 30,000 (USD 8,000) per year, and the price of a 2-bedroom unit for the same period is 40,000 (USD 11,000). To compare, the starting price of renting a 1-bedroom apartment in the nearby Corniche Road area is AED 40,000 (USD 11,000) per year.

The Hamdan Street area, however, is not a freehold zone, which means that only citizens of the UAE and GCC countries have the right to obtain property here. People from other countries can find both residential and commercial units to rent for a long-term period.

The commercial real estate market of Hamdan Street is very diverse. Professionals and companies who are interested in renting a unit here will be able to find furnished offices, pre-finished premises, entire floors, and whole commercial buildings. The average cost of renting an office in this area is AED 154 (USD 42) per sq. ft. For instance, an office with an area of 100 sq. ft will cost you AED 5,000 (USD 1,360) per year. The annual price for a more spacious unit with an area of 3,250 sq. ft is AED 257,000 (USD 70,000). Hamdan Street is also popular among tourists, as they can also find representative offices of many foreign companies and banks, which makes it ideal for doing international business.

Sights

Apart from restaurants and shopping centers, Hamdan Street boasts many historical and cultural sites. For instance, Qasr Al Hosn, which is also known as the White Fort, is the oldest stone building in Abu Dhabi, and served as a royal residence. As of today, Qasr Al Hosn is not only a landmark, but also a site for archaeological research. Every year on the territory of the museum the 11-day Qasr Al Hosn Festival which offers live music and various performances takes place, in which anyone can visit and enjoy.

Another popular local attraction is Corniche, an 8 km promenade, built along the northwestern coast of the emirate. It’s an amazing walking area with cycle tracks, landscaped parks, retail stores and restaurants. The quay is adjacent to the 2 km Corniche Beach that won the Blue Flag certification in 2011. This international award is given to marinas and beaches which correspond to the highest quality standards and are 100% safe.

Etihad Square is an iconic cultural sight in Abu Dhabi that symbolizes the unity of Emirati citizens. It’s a group of stone figures, including a cannon, a watchtower, a coffee pot, a hat that locals use to cover their food, a vessel for washing hands and a bowl for incense. These items symbolize a unified Arab world.

Those who like nature will surely appreciate Capital Garden, which is a large green space full of fountains, walking areas and children's playgrounds, and in the center of the park you can find a small pond and several flowery lawns. Various festivals and performances are often held here throughout the year for residents, visitors and tourists to enjoy.