Are you planning to make a property investment in Dubai or Abu Dhabi? Home to many museums and record-breaking sights and breathtaking islands, the country has much to offer for residents and investors alike, which makes it a lucrative investment spot. However, are you unsure on which Emirate to invest in?
Firstly, it is important to evaluate your goals. If you plan to live in one of the Emirates for the long-term, it makes sense to buy property in that emirate. However, if you want to buy just an investment property in Dubai or Abu Dhabi, there are more factors to consider. Therefore, the emirate you choose will depend on your goals and purpose behind purchasing the property.
The property market in Dubai and Abu Dhabi both offers great investment opportunities; so, how can you make an informed decision while maximizing benefits and returns?
Performance Over the Years
The UAE has been rising in all sectors. After a speedy recovery from the 2008 financial crisis, the country proved to investors that it is a safe bet for investment. Since then, the country implemented firmer laws to protect the rights of investors.
Property prices in Abu Dhabi have been declining in recent years; however, they are expected to stabilize soon. This is also evident with rented properties in Abu Dhabi, wherein rent prices have been decreasing due to the increased supply of properties there. However, the current market in Abu Dhabi is expected to pick up very soon, with real estate experts seeing a near stabilization of the market and prices.
As stated earlier in the article, Dubai’s strict laws on real estate make it an attractive investment choice for many. The Abu Dhabi property market is starting to catch up as well with Dubai’s property laws, as Abu Dhabi becomes more stern with regulations in order to guarantee the rights of investors into the city. Consequently, it makes for it a clearly ideal time to buy property in Dubai or Abu Dhabi, as prices are expected to rise soon with the country’s many plans to be a tourism and technology leader in the region.
Some of the popular locations for buying property in Abu Dhabi include Saadiyat Island, Al Reem Island, and Al Marasy.
Is It Better to Invest in Dubai or Abu Dhabi?
Property investment in Dubai is a lucrative investment choice. The city is planning ahead for Expo 2020, which is excepted to attract 25 to 100 million visitors into the city. Currently, the demand for property in Dubai is steady, with the highest demand in popular locations such as Downtown Dubai and Palm Jumeirah.
A question on the mind of many investors before investing in UAE’s property is which emirate is the best. After analyzing both emirates, it is safe to say that Dubai offers a better opportunity for property buyers. This is because property in Dubai is in high demand, compared to property in Abu Dhabi. Though both emirates are a great choice, making a property investment in Dubai is a safer bet for high returns as well as other benefits.
Dubai investors are granted an investor visa. With strong regulatory systems such as RERA, there is a dedicated court for property disputes in Dubai. Addedly, Dubai offers a wide variety of areas to buy property.
Evaluate the benefits you will receive by making a property investment in Dubai or Abu Dhabi, and accordingly, you can make an informed decision that best suits your goals. Whether you wish to buy an investment property, a property for you and your family, or a second home, will all factor into your decision in buying property in either of the Emirates.
For further advice or assistance on buying property and real estate in the UAE, you can contact our expert team at Ellington Properties on this email: info@ellingtongroup.com.
