Demand for family-friendly villas in the capital has surged, while apartment prices in Abu Dhabi have stabilized

Based on consumer interest observed on Bayut & dubizzle, the leading real estate portal in the UAE, interest in affordable and luxurious villa communities in Abu Dhabi has steadily increased. Demand from home buyers and tenants has been high, leading to a corresponding increase in the price of family-friendly homes in Abu Dhabi.

• According to the comprehensive data for the first half of 2021 released by Bayut & dubizzle, Prices of properties for sale in Abu Dhabi have risen by as much as 9% In the most popular neighborhood.
• Potential investors and buyers interested in luxury condominiums have turned to waterfront communities such as Al Reem Island and Al Raha Beach, although Saadiyat Island and Yas Island Continue to receive high attention from people who are keen to buy high-end villas in the capital.
• Consumers who are keen on small-ticket properties prefer freehold suburbs, such as Masdar City, Al Reef and Al Ghadeer Apartments. Speaking of more affordable villas for sale in Abu Dhabi, Al Reef, Shakhbout City and Hydra Village Has always been a popular choice.
• In the rental market, Apartment prices in Abu Dhabi fell slightly by up to 7% In the first half of 2021. on the other hand, The rent of villa properties increased by 2% to 18%.
• Suburban communities and older communities, such as Khalifa City A, and Khalidia Occupies the attention of tenants looking for affordable apartments, and Mohamed Bin Zayed City It has always been a favorite of those who want to rent a family-friendly villa at a reasonable price.
• Al Reem Island and Al Raha Beach It also called on tenants to look for luxury apartments in Abu Dhabi, and at the same time Albatine and Yas Island In the first half of 2021, there will be the greatest interest in renting out luxury villas.

According to data released by the Ministry of Municipal and Transportation, Abu Dhabi’s real estate transaction value in the first quarter of 2021 is AED 11.5B Only the mortgage loan is worth more than 6.5B Dirham. Abu Dhabi-based developer Aldar Properties also reported that the newly launched Noya villas on Yas Island quickly sold out, highlighting the growing demand for high-quality, family-oriented homes in the emirate.

Property for sale in Abu Dhabi

villa:

The consumption trend of Bayut & dubizzle in the first half of 2021 shows that Saadiyat Island has always been a popular location for luxury villa sales in Abu Dhabi.

• average The price per square foot of Saadiyat Island villas has increased in the first half of 2021, From AED 1,343 to AED 1,357, indicating a stable demand for luxury waterfront properties in the capital.
• Upscale The average sale price per square foot of Yas Island villas increased by 8.7%, The price in the first half of 2021 will be 1,075 dirhams. This upward trend is mainly due to the handover of some luxury projects on Yas Island, such as Yas Acres.
• The price per square foot of Al Raha Gardens homes has increased by 2.15%In the first half of 2021, the average is 830 dirhams.

According to data released by Bayut & dubizzle, suburbs with competitive prices Al Reef has always been the most popular choice for affordable ready-made villas On sale in the first half of 2021.

• Discount The price per square foot of Al Reef villas increased by 5.1% In the first half of 2021, it rose from 626 dirhams to 658 dirhams.
• Suburban communities, for example Hydra Village, Shakhbout City (Khalifa City B), Mohammed Bin Zayed City and Khalifa City A Abu Dhabi’s affordable housing is still very popular.

apartment:

Consumers’ preference for Bayut & dubizzle also shows that Investors and buyers show a clear preference for waterfront and island communities Abu Dhabi luxury apartment for sale.

• El Rem It has always been the most popular choice for high-end apartments in Abu Dhabi.Sales volume Apartment prices on Al Reem Island remain basically stable In the first half of 2021, the average price per square foot was AED 999.
• Saadiyat Island, Al Raha Beach and Yas Island It has also aroused the interest of investors and buyers interested in luxury housing, and the price has risen slightly, ranging from 1% to 4%.

Speaking of affordable apartments, Buyers show strong preference for inland suburban communities, and Masdar City Still the favorite in the first half of 2021.

• Discount The price per square foot of apartments in Masdar City fell by 3.2%. From AED 1,222 in the second half of 2020 to AED 1,184 in the first half of 2021.
• Apartments in Al Reef and Al Ghadeer also attract smaller investors In the first half of 2021, the average price per square foot remained at AED 667 and AED 704, which was quite stable.

Rental yields in Abu Dhabi

• Masdar City’s affordable apartment rental yields are as high as 8.8% Based on the estimated rental yield, and Yas Island’s return on investment is as high as 7.1% In the field of luxury goods.
• For affordable housing in Abu Dhabi, Investors can get a rental return of up to 8.1% in Shakhbut, And the luxury villas are in The return on investment of Al Raha Gardens is as high as 5.8%.

Off-plan housing projects in Abu Dhabi

• According to data released by Bayut & dubizzle, Diva For buyers who are keen on affordable off-plan apartments, Yas Island has always been the most popular choice, and Waterside Take the lead in launching high-end off-plan apartments.
• Investors looking for competitive off-plan villas in Abu Dhabi prefer Noya On Yas Island, while Yas Acres Has always been the favorite of luxury off-plan residences.

Rental property

villa:

According to comprehensive data from Bayut & dubizzle, Mohammed Bin Zayed City (MBZ) remains the top choice for affordable villa rentals In Abu Dhabi.

• The average rent is MBZ City’s three- and five-bedroom villas remain fairly stable, Which are 92k dirham and 146k dirham respectively. The asking rent for four-bedroom villas in MBZ City rose by 4.1%, averaging AED 129,000 in the first half of 2021.
• Khalifa City A, Al Reef, Shakhbout City (Khalifa City B) and Shamka Also attracted the interest of potential tenants. Throughout the first half of 2021, rental costs in these communities have increased by 1% to 13% overall.

In the luxury category, Al Bateen has become the most popular choice For villa leases among potential tenants, the average rent fluctuates moderately up to 5%.

• Average requirement Rent increases for Al Bateen 4-bed villa From AED 219k to AED 226k, and 6-bed rooms become more affordable In the first half of 2021, rents will range from AED 249,000 to AED 238,000.
• Integrated community, for example Yas Island, Al Laha Garden and Saadiyat Island The first half of 2021 will also continue to attract tenants’ interest in high-end villas.

apartment:

In the first six months of 2021, Khalifa City A is still the top choice for tenants Interested in budget apartments in Abu Dhabi.

• This The asking rent of Khalifa City A experienced mild fluctuations in the first half of 2021The rent of a studio apartment fell by 2.6% to AED 27,000, while the asking price of a one-bedroom apartment remained stable at AED 42,000. The rent of a two-bedroom apartment in Khalifa City A rose by 7.9% to an average of AED 63,000.
• The interest of tenants is mainly concentrated in the suburbs and old districts, including Al Khalidiya, Al Muroor, Hamdan Street and MoussafaIn the first half of 2021, apartment rents in these communities will drop slightly, up to 6%.

Al Reem Island remains a favorite among tenants seeking luxury apartment rentals in the first half of 2021, The asking rent has dropped slightly, up to 3%.

• average Apartment rents on Al Reem Island fell slightly In the first half of 2021, the average price of a one-bed apartment was AED 59,000, the average price of a two-bed apartment was AED 83,000, and the average price of a three-bed apartment was AED 126,000.
• Similarly, rent an apartment Al Raha Beach and Binhai Road Experienced small price fluctuations of less than 5%. on the other hand, Saadiyat Island The average rent of apartments has risen by 13% to 19%, which may be due to New projects In that area.

Haider Ali Khan, CEO of Bayut & dubizzle and head of EMPG MENA Say: “In the past year, Abu Dhabi has sent a strong message to the international community in its handling of the public health impact of the pandemic, highlighting its appeal as a comprehensive, family-friendly city, where you It can take root and become safe. This has also played a role in generating more demand for the residential real estate market, especially family-friendly villas in Abu Dhabi, among tenants and potential homeowners.

Active containment measures and extensive vaccination campaigns have also enhanced Abu Dhabi’s attractiveness to investors and buyers. Coupled with this, the drive to develop a portfolio of affordable and sustainable communities with high expected rental yields and luxury island communities with facilities comparable to most global investment centers has also led to demand for real estate in Abu Dhabi Growing. “