Owners or buyers of real estate can appoint a trustee and grant them an appropriate power of attorney. The trustee will have the authority to handle real estate transactions on behalf of the owner.
One can make sale and transfer transactions within two years after the power of attorney is issued.
The «Golden Visa» is issued for 5 and 10 years to real estate owners, foreign entrepreneurs, investors and scientists. With a «Golden Visa» you can freely live and do business in the UAE, open a local bank account and become a tax resident of a country with a comfortable tax regime. To obtain a visa, the owner of the property must invest at least 2 million dirhams. (~545k USD).
Foreigners can purchase property in Abu Dhabi under conditions similar to Dubai, with freehold zones available for ownership.
Buyers have the option of interest-free installment plans for off-plan properties or obtaining a mortgage.
The Government of Abu Dhabi actively supports the real estate market, making it more appealing to international investors.
The primary developer in Abu Dhabi is Aldar Properties, a state-owned company. Since 2004, Aldar has implemented large-scale projects ranging from Yas and Saadiyat Islands to iconic attractions like Ferrari World, the Louvre Abu Dhabi, and the Formula 1 race track.
The developer provides units with complete finishing, including a kitchen, built-in wardrobes, and bathrooms. In some projects, appliances and furniture are also included in the price.
The Abu Dhabi real estate market offers attractive investment opportunities compared to a hotter Dubai market.
The region is experiencing significant investments, business growth, infrastructure upgrades, and an increasing inflow of tourists.
In Q1 of 2024, real estate transactions in Abu Dhabi reached $4.32 billion, compared to $3.16 billion in the same period the previous year.
Life in Dubai and Abu Dhabi has notable differences despite both emirates offering a high level of comfort and well-being. Here are some key distinctions:
Are you leaving already?
Get new Dubai
property catalogs