Abu Dhabi real estate market has shown significant growth, and the emirate was recognised as an excellent place to live

The emirate of Abu Dhabi was recognised as an excellent destination to live by Real estate specialist, Carlos Wakim. The attractiveness of the UAE capital is due to several factors: Golden Visa, freelance visas, major transport links such as Etihad Rail, as well as huge infrastructure projects.

In recent years, the UAE government has implemented effective strategies and initiatives to entice expats to relocate and businesses to invest. The main goal is to attract and retain top talent, as well as the creation of a diverse society in each emirate.

As stated by Wakim, Abu Dhabi demonstrates a growing preference for mixed-use gated complexes, which can provide an exclusive lifestyle unlike anywhere else in the world. Residents in the emirate prefer open spaces and picturesque waterscapes.

In recent years, the Abu Dhabi real estate market has shown significant growth and opportunities for developers, home buyers and investors. Wakim said that in 2023, continued growth in property values and rents is expected. This is based on Abu Dhabi's growing reputation as one of the most reputable real estate markets in the world, aided by a stable economy. The Abu Dhabi real estate market is on the rise, due to a number of interesting residential projects that are currently being developed or are under development.

A new rule for purchasing and selling real estate in the UAE capital was announced last month, and came into effect on July 3. The Unified Sales Contract was introduced by the Department of Municipalities and Transport. The document aims to enhance the governance of the property market, effective provision of public services and the acceleration of digital transformation in the emirate.