- “Al-Ghadeer” is best for apartments with an increase of 6.12% .. and “Al-Reef” for villas with an increase of 11%.
- “Saadiyat” is the best area to own luxury villas in the emirate
- Yas villas cost 2.44 million dirhams, and apartments cost 800,000 dirhams
- “Bani Yas” for villas with the lowest rate of up to 7.3%
Dubai: Melhem Al Zubaidi
Prices and rents for apartments and villas in most real estate in Abu Dhabi experienced significant changes to varying degrees during the first three months of 2022, in addition to real estate investment rates in different regions of the emirate, according to a report from Bayut and Dubizzle for the first quarter of 2022.
There is no doubt that the capital, Abu Dhabi, has always been the focus of thousands of investors and those who want to settle, whether inside or outside the country, due to its diverse properties that mimic the highest international quality standards. of interior design and finish, and most of its properties are characterized by strategic locations close to landmarks. Notable or touristy places in Abu Dhabi, which adds an additional advantage to the list of many benefits that the emirate enjoys.
The real estate market in Abu Dhabi has experienced a decline in the average purchase price of some housing units despite the high average price per unit. square meters due to the small area of available apartments, as well as for some apartments, whose average price has increased despite the lower price per square meter. square meters The current apartments are larger than they used to be, and given the huge amount of data that depends on searches for the best areas to buy real estate in the capital, Bayut and Dubizzle’s report presents the purchase of real estate indicators in Abu Dhabi in first quarter of 2022.
The apartment market
“Al Ghadeer”
“Al Ghadeer” topped the list of best areas to buy apartments at reasonable prices in the emirate, and real estate in the region saw a slight increase in the average purchase price per square meter. square foot by 0.69% to reach 716 dirhams compared to the fourth quarter of 2021 and talking about the percentage of investment return in real estate in the region has reached 7%, which contributed to the increase in demand for its properties from many investors.
“Country”
Al Reef Mall came in second on the list of preferred areas to buy apartments at reasonable prices in the emirate, as there was a noticeable increase in the average purchase price of apartments by 11% compared to the fourth quarter of 2021, and thus the purchase price square foot in Al Reef Mall was 754 dirhams, 7% return on investment.
“Masdar City”
The list of most sought after areas for buying apartments at reasonable prices in Abu Dhabi also included “Masdar City”, where we note a decrease in the average prices of apartments by 2.5% compared to the fourth quarter of 2021, which brings the price per. feet to 1235 dirhams, bearing in mind that the return on investment in real estate in this area was 7.8%, making it an irreplaceable option for investors without a doubt.
“Bani Yas”
While some other areas also experienced varying declines in prices, including “Bani Yas”, where the price per. square meters fell to 740 dirhams, by 0.42% compared to the fourth quarter of 2021, noting that the return on investment in apartments in the area was 5.5%
“Al Reem Island”
“Al Reem Island” attracted the attention of many investors around the world looking for luxury properties, as apartment prices rose by 0.14%, bringing the purchase price of a square foot up to 1000 dirhams with an investment return of 6.7%.
“Yass Island”
The list also included “Yas Island”, which saw an increase in price per square foot by 1.66%, with an average price of 1273 dirhams, noting that the return on investment was 6.6%.
“Al Raha Strand”
Al Raha Beach Apartments came in third place with an increase in the average purchase price per. square foot by 1.76% to reach AED 1223 and a return on investment of 6.14%.
“Sa’adiat Island”
The return on investment in Saadiyat Island reached 5.77%, making it one of the areas that attracts a large number of investors to buy real estate of any kind. .
Residential villa market
“Country”
“Al Reef” managed to maintain its position and be at the top of the list of areas most in demand to buy villas at reasonable prices, and there was an increase in the price per square meter in the region by 1.35% to to reach 693 dirhams, and the region represented an appropriate destination for investors, as the return on investment in villas located in the “Rev” area is around 6.12%.
“Khalifa City A”
Khalifa City A has many advantages, especially its inclusion of a number of modern and contemporary villas in addition to the abundance of facilities and services, which made it the focus of investor attention and qualified it to become one of the areas that attract families. the area is 676 dirhams, with a decrease of 0.67%, and the return on investment in “Khalifa City A” reached 4.77%.
“Hydra Village”
The list of the best areas to buy villas at reasonable prices in Abu Dhabi also includes “Hydra Village”, where the average price per. square foot was 508 dirhams with a decrease of 0.20% and the area achieved an investment return of 6.65%.
“Al Ghadeer”
The average price per square feet in the “Al Ghadeer” area fell by 2.72% to 730 AED, knowing that the return on investment is 5.83%.
“Bani Yas”
The average price per square feet in the Baniyas area fell by 7.3% to reach 794 Dh.
“Sa’adiat Island”
Saadiyat Island ranked first in terms of the best areas to buy luxury villas, and as shown in the table above, there was an increase in the average price of villas in the region by 3.77%, which brought the price per. square meters on the island to 1538 dirhams, and the return on investment in Saadiyat Island Villas 4.65%.
“Yass Island”
“Yas Island”, which ranks second on the list of best areas to buy luxury villas in Abu Dhabi, is widely accepted by many investors, and compared to the fourth quarter of 2021, we note an increase in price per capita. 1163 dirhams, or 3.34% .It is worth noting that the return on investment in Yas Island was 4.78%.
“Al Raha Gardens”
In third place on the list of the best areas to buy luxury villas came “Al Raha Gardens”, which saw a slight increase of 0.12% over the average selling price, bringing the price per square foot to 812 dirhams. The luxury villas in Al Raha Gardens have the highest return on investment among the former areas with 5.83%.
Projects on the map
Abu Dhabi witnessed the inauguration of a large number of projects that are still under planning or under construction, as many of them managed to attract the attention of a large group of individuals and real estate investors The properties (apartments and villas), which are still under construction, is a golden opportunity to buy for the purpose of settling or investing in Abu Dhabi. The reasonably priced apartments still on the scheme helped attract a large number of investors in early 2022.
apartments
“Yas Island” with the “Diva” project topped the list of the best apartment projects still on the scheme, bringing the average apartment price up to 800,000 dirhams, while second place went to “Al Mahra Residence” in “Masdar City”, where it average price of the apartment reached. It pays 994 thousand dirhams, while the “Al-Ghadir” project, second phase, in the “Al-Ghadeer Complex” came in third with an average of 701 thousand dirhams.
On the other hand, luxury apartments among the list of the best apartment projects still off-plan or under construction in Abu Dhabi have also received remarkable attention from many investors when “Yas Island” again topped the list, but this time with “Yas Bay” project where it reached. The average price of the apartment in this project amounted to 1.515 million dirhams, followed by the “Makers District” project on “Al Reem Island” with an average of 1.4 million dirhams, in addition to i.a. “Al Maryah Vista” on “Al Maryah Island”, which offers luxury apartments with an average of 973,000 dirhams.
Residential villas
Many villa projects still under construction or under construction in Abu Dhabi managed to get investors’ attention in the first quarter of 2022, and “Yas Island” ranked first for the “Noya” project, which gives villas an average of 2.44 million dirham, followed by “Masdar City” for “Oasis Residence” with an average of 1.9 million dirhams. As for the projects that provide luxury villas and are still under planning or under construction in Abu Dhabi, the largest share of “Yas Island” was the “Yas Acres” project, which provides luxury villas with an average price of up to 6 million dirhams, and then “Saadiyat Cultural District” on “Saadiyat Island” with an average of 14.5 million dirhams.