There are 57 residential areas in Abu Dhabi in total. In addition to the central area, there is a coastline with many islands, where housing is also actively being built. Tourists are attracted by the snow-white beaches and its comfortable climate. In addition, Abu Dhabi boasts a variety of green spaces and park areas.
When it comes to investment, Abu Dhabi is one of the leading global destinations to set up a business, combined with one of the most favorable tax regimes in the world (0% corporate tax and 0% income tax) and not forgetting the quality of life. The capital of the UAE annually attracts not only millions of tourists from all over the world but also entrepreneurs who want to open their own business or set up representative offices of companies whose employees live in rented apartments here. Due to the increase in the scale of residential development, foreign citizens are offered a wide range of high-quality real estate, both for residential and commercial purposes, such as rental for a stable passive income. The Emirate features a wide variety of comfortable apartments
and detached villas for sale. It is worth noting that villas and townhouses are mostly located on the islands for a private and secluded lifestyle.
Over the past 6 months, the housing market in Abu Dhabi has shown steady growth, with prices of properties for sale rising by up to 9%. In 2022, this growth trend is likely to continue, however, at a more moderate pace, as projects postponed due to the pandemic will start to be implemented.
Another obvious advantage of buying property in the UAE is the fact that in the Emirates there is no property rental tax and annual property tax. When purchasing real estate, foreign citizens have the right to obtain a resident visa for an investment
of 3, 5 and 10 years (depending on the amount of investment). Holders of a resident visa in the UAE receive virtually the same rights as UAE citizens.
In addition, from 2019, foreign nationals have been allowed to acquire not only real estate, but also land plots. Of course, this land plot has to belong to one of the freehold areas within the emirate. As a rule, land plots for purchase
are available both for residential and commercial purposes, depending on the requirements of the investor.