As capital reopens to tourists and investors, real estate prices rise

The UAE’s leading real estate portal Bayut & dubizzle released a comprehensive report on the Abu Dhabi real estate market for the third quarter of 2021, showing that rental prices in the capital’s real estate industry have continued to stabilize, while sales prices in popular neighborhoods have risen. According to the results of this consolidated report generated by Bayut & dubizzle, with the relaxation of travel restrictions in Abu Dhabi, the capital’s real estate market has been steadily rising in the second half of this year.

• According to Bayut & dubizzle’s 2021 third quarter real estate market report, Sale prices of residential properties in Abu Dhabi increased by 4%.

• Potential investors looking for affordable apartments prefer freehold suburbs, such as Al Reef and Al Ghadeer, And investors who are keen on high-end properties are more inclined to choose apartments in coastal communities, such as Al Reem Island, Al Raha Beach and Yas Island.

• Air Reef Has always been the most sought after area by investors Passionate about buying affordable villas in Abu Dhabi. Those looking for high-end properties are most interested in the waterfront Saadiyat Island Purchase the villa in the third quarter of 2021.

• Tenants looking for affordable housing in Abu Dhabi Khalifa City A Rent an apartment.On the other hand, coastal areas such as Al Reem Island, Al Raha Beach and Marina Retain their popularity among tenants Rent a high-end apartment In the capital.
• Villa community such as Mohamed Bin Zayed City and Khalifa City A Attracted the attention of tenants who are interested in renting affordable housing in Abu Dhabi. Speaking of renting high-end villas, Al Bateen and Al Raha Garden Has become the most attractive place in the third quarter of 2021.

Property for sale in Abu Dhabi

villa

Saadiyat Island Has proven to be the most sought-after area, and buyers are keen to buy Luxury villas in Abu Dhabi. This may be due to the growing demand for beach houses in the emirate.

• The average price per square foot of a villa on Saadiyat Island is A slight decrease of 1%, From AED 1,396 in the second quarter of 2021 to AED 1,382 in the third quarter of 2021.

• The houses on Yas Island have been seen Small increase of less than 1% The sale price per square foot, AED 1,112 on average The third quarter of 2021.
• Laha Garden Also exhibited Moderate drop of 2.8% The price per square foot of villas dropped from AED 833 in the second quarter of 2021 to AED 809 in the third quarter of 2021.

To that moment Affordable villa for sale, Freehold suburbs Air Reef Has ranked first in the third quarter of 2021.

• The average selling price per square foot is House for sale in Al Reef Has shown Increase by 2%, The rise from AED 671 in the second quarter of 2021 to AED 685 in the third quarter of 2021 reflects the growing popularity and demand for affordable villa communities.
• In addition to these areas, there are Hydra Village, Khalifa City A and Shakhbout City (Khalifa City B) It has always been a popular choice for investors interested in affordable villas in Abu Dhabi.

apartment

In terms of luxury apartment sales, potential investors are largely inclined to Island community, Al Reem Island is the most popular area

• price Apartments in Al Rem Island Have Slightly down Less than 1% The average price per square foot is 1,000 dirhams.
• Al Raha Beach, Yas Island and Saadiyat Island Also aroused the interest of high-net-worth buyers, The sales price per square foot has risen by up to 2%.

for Abu Dhab Affordable Apartments for Salei. Potential investors have shown a tendency Family-friendly suburbs.

• Air Reef Continue to attract investors with a smaller budget in the third quarter of 2021.The community reported that the sales price per square foot was fairly stable, with an average of Apartment AED 673.

• Apartment in Al Ghadeer Has also maintained its popularity, Appreciation of less than 2% to AED 733 The third quarter of 2021.
• Masdar City Ranked third in Abu Dhabi’s list of the most popular areas to buy affordable apartments.The average price per square foot of an apartment in Masdar has remained at an affordable level 1,183 dirhams, a slight decrease of less than 1%.

Rental income

• Masdar City Provides the highest estimated rental yield 8.2% Affordable apartments for Abu Dhabi. For luxury apartments, Yas Island Provides a healthy rental yield 7.36%.
• Shakhbut City (Khalifa City B) Reported a 8.4% return on investment for Buy an affordable villa In Abu Dhabi. For luxury villas, Laha Garden paid The highest rental yield is as high as 6%.

Off-plan project

• According to comprehensive data released by Bayut & dubizzle, Diva It has been the most popular project for affordable off-plan apartments in the third quarter of 2021, and Waterside Yas Island attracts buyers interested in the luxury sector.
• For the off-plan villa project in Abu Dhabi, Noya While the most attractive to buyers Yas Acres Attracted the attention of investors looking for high-end residences in the capital.

Rental property

villa

According to the trends observed by Bayut & dubizzle, Mohamed Bin Zayed City It has always been the first choice for those looking for affordable villa rentals in Abu Dhabi.

• The asking rent of houses in Mohamed Bin Zayed City (MBZ) fluctuates slightly, of which The price of 4-bed and 5-bed units has been reduced by 3%, The averages were 125,000 dirhams and 145,000 dirhams respectively.this Three-bedroom house rents rose by 14% The price for the third quarter of 2021 is AED 98,000, perhaps because the smaller units are particularly affected by the capital’s residents wanting to upgrade from apartments.
• Khalifa City A, Al Reef, Shakhbout City (Khalifa City B) and Al Muroor Also attracted the attention of tenants. The rent of affordable villas in these areas has risen by as much as 17%.

for Luxury rentals in Abu Dhabi, Albatine Has always been the most popular choice among tenants, Rents have risen by as much as 13%.

• The average rent is Al Bateen’s 4-bed villa remains stable In the third quarter of 2021, the rent of 5-bed and 6-bed villas increased to 230k and 234k respectively.
• Laha Garden, Yas Island and Saadiyat Island It has always been a tenant’s favorite. In the third quarter of 2021, moderate Rents have risen by as much as 12%.

apartment

In the third quarter of 2021, Khalifa City A is the most searched area for tenants Looking for affordable apartments in Abu Dhabi.

• Different opinions on the asking rent in Khalifa City A Slight fluctuation Comprehensive, average in Studio 27k dirhams, 1 bed room 42k dirhams, 2 bed room 62k dirhams.

• Tenants looking for affordable apartments in Abu Dhabi also prefer areas suitable for families, such as Al Khalidiyah, Al Muroor, Hamdan Street and Tourist Club Area (TCA).
• The number of these communities has increased slightly, up to 2% asking rent Held in Abu Dhabi in the third quarter of 2021.

According to the data observed by Bayut & dubizzle, El Rem Maintain its popularity for renting luxury apartments in Abu Dhabi Asking prices remained basically stable.

• The rental cost is The average price of a 1-bed and 2-bed apartment in Al Reem Island is 57k AED and 84k AED. And the rent is Three bed apartment Has remained the same 125,000 AED.
• Al Raha Beach, Corniche Area, Corniche Road with Saadiyat Island It also won the favor of consumers in the third quarter of 2021.These waterfront communities have seen The marginal increase is as high as 10%, with One-bedroom apartment on Saadiyat Island appreciates 27% Due to the influx of high-priced inventory on the market.

Comment on trends in the capital’s real estate market, Haider Ali Khan, CEO of Bayut&dubizzle and head of EMPG MENA, Said: “In the past few years, especially during the pandemic, Abu Dhabi has indeed become one of the most family-friendly, safe and stable cities in the world. Now this city is once again open to people at home and abroad. It’s not surprising to see prices in the capital’s leasing and sales markets are rising. In addition to the unrestricted flow inside and outside Abu Dhabi, there are many reasons for the increase in prices in the capital’s real estate market. Especially the prosperity of the luxury goods sector. Consistent with consumers’ growing preference for larger, more private residences. In addition, Abu Dhabi’s recent announcement of granting real estate investors the UAE Golden Visa has also increased the capital’s real estate industry’s growing appeal to global and foreign investors We have noticed the steady interest of buyers and tenants in the Abu Dhabi real estate market, with nearly 3.5 million transactions in the last quarter alone.”