Al Jurf Abu Dhabi - 58% of UAE residents plan to invest in property in the next 12 months

1. Al Jurf Abu Dhabi - 58% of UAE residents plan to invest in property in the next 12 months Al Jurf Abu Dhabi​ - Around six in 10 UAE residents plan to invest in property in the UAE or overseas, making real estate the most popular investment class, a new survey found. ​Best Real Estate Company in Abu Dhabi​ - Fifty-eight per cent are keen on investing in real estate in the next year – an increase on last year’s study, with the United States, United Kingdom and Australia the most popular locations, according to a YouGov poll of 1,000 residents from property investment company IP Global. Abu Dhabi Real Estate Agents​ - Investor confidence has returned after the impact of Brexit and the US election, said Richard Bradstock, director and head of the Middle East at IP Global. Buy property in Abu Dhabi​ - “In fact, from our global study, UAE residents have the strongest appetite to invest in overseas property (14 per cent) in comparison to citizens from Hong Kong, South Africa and the UK,” he said.

2. ________ Read more: Why the obsession with real estate in the UAE? How long do expats need to stay for buying a home to make sense? Should buyers invest in off-plan or ready built in the UAE? ________ Buy apartment in Abu Dhabi​ - ​The UAE property market has struggled in 2018 with S&P Global Ratings estimating earlier this year that prices in Dubai, the country’s largest real estate market, could slip 10 to 15 per cent over the next two years. Dubai property market transactions fell 16 per cent year-on-year in value in the first half of the year, according to data from Dubai Land Department. Another July report from property consultancy Chestertons found that ​apartment and villa rents fell 3 per cent and 1 per cent​ in Abu Dhabi, respectively, in the second quarter of the year. Buy Apartment Abu Dhabi​ - However, ​property experts expect a surge in new business from older residents​ as the UAE Government’s new five-year retiree visa unveiled last week, which allows those over the age of 55 to stay in the UAE, takes effect. Lynnette Abad, the director of research and data at real estate portal Propertyfinder.com, expects the number of end users to rise as residents look to qualify for the visa with one of the criteria of an investment property worth at least Dh2 million. Buy Apartment in Abu Dhabi​ - Despite the softening UAE market, IP Global says a quarter of those polled hope to acquire housing in the Emirates, while four in 10 plan a purchase in their home country. Property for sale in Abu Dhabi​ - Reasons for investing overseas include securing future living accommodation for half of those polled, while 46 per cent hope the investment will produce funds for retirement and their children’s education and 39 per cent are focused on achieving capital gains. Buy apartment Abu Dhabi​ - However, not everyone is on board with the idea of property investment, with some respondents hesitant. Reasons for this include a lack of understanding of the laws and regulations of overseas property markets and tax considerations, said IP Global.

3. Buy villas Abu Dhabi​ - The YouGov study also found different attitudes to property investment between nationalities. While Emirati investors were focused on pure capital gains, Arab residents were looking for future living accommodation and Asians planned to invest to earn funds for retirement and their children’s education. Westerners had three incentives: living accommodation, resources for retirement and their children’s education and a monthly rental income. On 9th November 2014 one of the most exciting buildings in Abu Dhabi opened its doors to throngs of eager tenants. Rent property in Abu Dhabi - ​You will no doubt have seen the tower that is now known as Burj Mohammed Bin Rashid rising up with its smaller twin over the World Trade Center (WTC) Mall and the WTC Souk over the last four years. It has been worth the wait. Buy apartment Reem island - Referred to by some as the “Lipstick Building”, it is fantastically located at the junction of Khalifa Street and Airport Road. It stands 383 metres tall, is 92 floors in height and contains over 474 residential units. It is Abu Dhabi’s tallest residential building and its developer, Aldar, is understandably proud of its achievement. Reem island apartments for sale - The opening of the Burj Mohammed Bin Rashid completes the development of WTC, which began in 2011 with the opening of the WTC Souk, more commonly know as the Central Souk. This is built on the site of the old Persian Souk, destroyed by a fire in 2004. Rent apartment in Abu Dhabi - Following the opening of the new souk, WTC Mall was opened along with the smaller of the twin towers earlier this year. The smaller tower is comprised of offices and is home to Arabtec’s Abu Dhabi headquarters. The last piece of the jigsaw is the Marriott Courtyard Hotel, expected to open its doors early next year. Apartment for rent in Abu Dhabi - The Burj Mohammed Bin Rashid is a superb addition to the Abu Dhabi real estate sector, with finishings that rival The Landmark Tower and floor to ceiling windows to compete with Nation Towers for views of the Corniche. This has been borne out by the sheer number of tenants who have taken leases there – after just one week almost half of the units had been rented. Rent in Abu Dhabi - As well as the quality of the units and the unparalleled views they offer (over Lulu Island and the Arabian Gulf, or back over the city to the Grand Mosque), the apartments come with the all the extra amenities you would expect – fully-fitted kitchens with Bosch appliances, parking (so often forgotten in Abu Dhabi), two gyms (including one

4. run by the renowned Haddins Fitness), two pools, a community meeting space and a barbeque area. Aldar has been doing their bit to get it rented as well after its phenomenal success earlier this year with Al Rayyana, The Gate Towers and The Arc. The company is sweetening the deal with an array of offers including one month’s free rent, no commission (even if you go with a broker) and vouchers for the WTC Mall (AED 5,000 for the one- and two-bedroom apartments and AED 10,000 for the three- and four-bedroom). You’ve heard the good news: these apartments are high-end, some of the best quality units in Abu Dhabi with great views and all the amenities. So what’s the price tag? The answer is not as bad as you’d think. Yes, they are by no means cheap but the one-bedroom apartments start at AED 111,000, the two-bedroom at 142,000, three-bedroom at 186,000 and four-bedroom at 250,000. As you’d expect with this type of building there are some pretty spectacular penthouses on the upper floors, too, with eye-watering views and eye-watering prices to match. Abu Dhabi is in severe need of more rental stock and this property is a blessing for the residents of the capital in more ways than one. These new releases will help slow the current spike in rental prices (several recent reports have suggested that Abu Dhabi faces a housing shortfall of over 40,000 units), so even if you’re not grabbing up one of the apartments at WTC we should all feel the benefit.

5. For the section of the market that has a little bit more to spend and has been casting around for high-end finishings in a prime location, it has arrived, and there are 474 units of it – but get down there now as they’re leasing fast. The only downside, if we could pick one, is there are some pretty wacky layouts of some units, but with lots of floor plans to choose from make sure you look at a few before picking.