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Rent property in Abu Dhabi - Best properties in Abu Dhabi

Rent property in Abu Dhabi - Looking for the best properties for rent in Abu Dhabi? Here we provide the best properties for you

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Rent property in Abu Dhabi - Best properties in Abu Dhabi

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  1. Rent Property in Abu Dhabi -Buying in Abu Dhabi – Who, Whatand Where Abu Dhabi Law 19 of 2005 did two things, firstly it allowed Emiratis to buy and sell land (theyhadnotbeenallowedtodothisbeforethatdate),andsecondlyitcreatedthenotion of “Investment Areas” in which property can be “owned” by non-UAENationals. Rent Property in Abu Dhabi- No-one apart from UAE nationals (or companies wholly owned by them (not just 51%)) can own property outside Investment Areas (which are Reem Island (including Maryah Island), Saadiyat Island, Yas Island, Al Reef, RahaBeach (not Raha Gardens), plus Hydra Village, Al Ghadeer, Nurai Island and other bits and pieces. Contrary to popular belief GCC Nationals cannot buy outside the Investment Areas, they can only buy where other expats can buy (but they can buy the freehold, see below). Here you can find a list of guide to buy property in AbuDhabi. Buy Villas Abu Dhabi- In Investment Areas foreign (non-UAE) nationals can “buy” apartments, villas or just land. The type of ownership they get is discussed below under “Ownership – 99 Year leases, Usufruct and Musataha” and will depend on where the person is from and what type of asset is beingpurchased.

  2. Ownership – 99 Year leases, Usufruct andMusataha The only foreign nationals who can obtain freehold title to their property in Investment AreasareGCCNationals.Non-GCCNationalscanonlygetoneoftwotypesofownership. Usufruct – This is the right to benefit from a property/building belonging to a third party provided that it remains in the same condition. This is the most common form of “ownership” of apartments and Article 4(1) of the Purchase Law states that this right lasts for 99 years. This is essentially a 99 year lease (which is exactly the same way people buy apartments in the UK). It does not allow the owner any right to the underlying land, only to theirapartment. Leasing Apartments in Abu Dhabi- Musataha – This allows a party the right to use and exploit (which includes development) land belonging to a third party. This is more commonly used when buying villas or land in Investment Areas. Article 4(1) of the Purchase Law states that this right lasts 50 years, renewable once by mutual consent (or as agreed contractually) for a further period of up to 50years. Some developers/agents are advertising freehold rights but this can only mean freehold rights for GCCcitizens. Below is a very basic guide to the InvestmentAreas: BuyvillasSaadiyatIsland–LinkedbyabridgefromtheCornicheandontheothersideto Yas Island, it is on the road to Dubai and lies just 500 meters off the coast of Downtown Abu Dhabi. The new cultural district is being built here with New York University and it will be the location of the Guggenheim, Louvre and Zayed Museum. The accommodation ismostlyhigh-endvillasandlowriseapartmentsbasedaroundtheStRegishotelandthe Saadiyat Beach Golf course. The off-plan developments of Mamsha and Hidd alSaadiyat (due Q1 2017) will add to the currentstock. Buy Reem Island Property– Located a few hundred meters off the coast of Downtown AbuDhabiandSaadiyat Island,ReemIslandconsistsmostlyofhigh-riseapartmentswith a few villas and townhouses. It is new, reasonably priced and bridges connect it right into the heart of the City. Maryah Island has two hotels, the Four Seasons and the Rosewood who are selling apartments aswell.

  3. Buy Raha Beach Apartments– Comprised of three communities, Al Bandar, Al Muneera and Al Zeina. Each community is set on the water facing Yas Island and they are mostly mid-rise apartments with a few villas. It has great links to Yas Island, the Airport and is situated on the road toDubai. Apartment for rent in Abu Dhabi- Al Reef – Set close to the International Airport Al Reef is a town all by itself. Around the periphery are a mixture of 2,3,4 and 5 bedroom villas and in the middle are mid-rise tower blocks with studio, 1, 2 and 3 bedroom apartments for sale. This is a more affordable option than Reem, Raha orSaadiyat.

  4. Yas Island – There is nothing currently build on Yas Island but several developments are currently underway. Ansam is a high-end, mid-rise apartment development with golf course frontage, Mayan is a similar luxury development but facing the public beach. Yas Acres is a villa development on the northernshore. Hydra Village – A little further out from al Reef is Hydra Village. Again a self-contained community this is made up of two and three bedroomvillas. Send us your Abu Dhabi Property Question toguides@cpestateagents.com

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