UAE’s capital city, Abu Dhabi is also full of freehold property investment opportunities that are endless. In this blog, you will get a proper description of it and, we are also going to show you some of the best areas in which you can buy freehold property and will also have a look at some of the latest freehold ventures.

Why Should You Buy Freehold Property?

UAE’s capital city, Abu Dhabi is certainly full of boundless freehold property investment prospects. Thus, in this section of this blog, we will describe the subject to you in detail and will also list below some of the most preferred localities to look for Freehold property and will also look into some of the most recent Freehold developments.

The restrictions if you intend to buy real estate in Abu Dhabi as either a foreigner or expatriate are as follows: It is important about Abu Dhabi because it allows the ownership of real estate only in the form of floors and apartments by foreigners for the Abu Dhabi Property Law No. 19 of 2005 Governing the Regulation of the Real Estate Sector. Nonetheless, for instance, after an amendment in the year 2019, foreigners and expatriates are allowed to buy any sort of property in the approved areas of Abu Dhabi if they wish.

Ownership

Originally, the ownership deed of residential units for a period of 99 years is transferred to the buyers (both foreign and expatriates) to enable them to reassign absolutely the purchased villas and flats without the land.

By Musataha Agreement

Purchasers may have a dwelling house for 50 years and further and more for another 50 years with the consent of the former. In Masataha contracts, the owner has permission to use any improvements on the property for the given timeframe.

Usufruct Contract

Housing units are sold to buyers for use for 99 years. The usufruct owner has the right to use the property and all the facilities in it under the terms that have been agreed on.

Best Locations to Purchase Freehold Property in Abu Dhabi

Yas Island

One of the well-known regions within Abu Dhabi where freehold property is allowed to be bought. The island is familiar to everyone and there are some of the newest freehold properties in the world here. Swank existence and high quality are enhanced by well-equipped shops and restaurants, educational services, other luxurious hotels, and entertainment centers. Some of the island’s popular ventures include Yas Bay; Yas Marina Circuit; Yas Mall; Ferrari World; and Warner Bros.

Housing in this island is pricey but can be got at prices of big mansions to small, and cheap flats. Therefore, the Government of Yas Island is an investment haven.

Saadiyat Island

That is another well-liked freehold neighborhood that has emerged into the limelight as the cultural hub of Abu Dhabi. It is also possible to divide the object in terms of the types of luxury residences such as villas and apartments. Freehold property is usually sought and a villa is quite suitable if you are looking for freehold property because it is more in demand among the buyers.

But, Saadiyat Island offers you several recreational and entertainment facilities where you can easily relax. Besides, having numerous world-class museums, cultural destinations, and other cultural attractions, your free time is fruitful accompanied by a variety of art events and actions on the island.

Al Reef

The other popular area in Abu Dhabi is Al Reef which is located near Abu Dhabi International Airport and on the mainland. This area therefore has many villa properties and the prices for these properties are fairly affordable. Besides, you will select an apartment as well as a studio.

Foreigners and expats mainly can buy properties in Abu Dhabi’s top-notch town known as Al-Reef because of the freehold system in the country. Yet it is only a short distance to the beach at Yas Island Al Raha. It can be also stated that Al Reef is one of the favorites as the price of properties there is still moderate.

Al Raha Beach

Another area is well-favored for freehold; in general, it could be stated that foreign persons prefer freehold property. Al Raha Beach is a good area for Investment because it is proclaimed for its waterfrontage. Here, you’ll be able to find out the classes of property the apartments and studios fall under. Regarding the location, it will cater to employed persons and families. It also provides direct accessibility to Yas Island and the Abu Dhabi Dubai Highway more popularly known as the E11.

Masdar City

Many of them were developed by the Mubadala Investment Group. This Sparking City is a freehold with mixed use Developed and and owned by Masdar. Here, a wide range of various property sorts which include flats and studios, is in the offer. This means that the environment is intelligent in the sense that it contains all the social and civil activities close to the project. Residential areas, parks, universities, schools, and shopping malls are some of the neighboring facilities.

Al Maryah Island

The following is another preferred freehold community in Abu Dhabi that has a beachside location, up-to-date amenities for a comprehensive living standard, and a wide choice of click estate options. One of the most rentable properties for tourists is apartments and studios, of course, there are villas, houses, and beach houses too.

On the other hand, at Al Maryah Island, locals can have a sufficiency of things that never end as entertainment and the different available foods. For amusement and fun, there are yet more options that can snowball into a lot more possibilities. There is a beach area where you can comfortably sit down since it is not far from the main parking lot.

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

Conclusion

Of all these global cities and their freehold property, the ‘investment possibilities’ that Abu Dhabi presents are unique. Below are several possibilities of real estate for those who are interested in searching long-term investment and have the potential of giving out growth and solidity. Other than this, H1 2024 sales of real estate in Abu Dhabi revealed a rise. Luxury apartments’ return on investment increased by 6. 94% – 8. 52 percent for apartments and by 6 percent for villas, while the Return on investment Shot up to 52 percent for apartments and a 6 percent rise was noted in the ROI of villas. 89% – 8. 08%.