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Abu Dhabi Property: Investment Outlook
Tax regime: Buying a property in Abu Dhabi means no land tax, property tax, income tax, capital gains tax, wealth tax or inheritance tax and a registration fee of just 2%. You get to see more of your investment. Click here for Arabian Sands' tax guide.
Government investment: The Abu Dhabi authorities are watching the example of other areas, such as Dubai, and following the success while avoiding the mistakes. The investment is heavy, and incentives for overseas investors to buy Abu Dhabi properties are strong.
Easy and transparent: Foreigners now have the right to own 99-year leaseholds, the buying process is straightforward and there are an ever-increasing number of mortgage options. - Serving to make purchasing Abu Dhabi real estate a relatively simple operation.
Infrastructure: Unlike other areas, where growth has been sudden and abrupt, Abu Dhabi has grown naturally over many years and has all the facilities and services that you'd expect of a city with such a high standard of living; making homes for sale in Abu Dhabi an attractive option.
Exclusivity: Abu Dhabi is said to be the richest city in the world - the average citizen worth $17m and even expatriates earning well above standard levels. That, combined with a young real estate sector, says that prices are guaranteed to rocket.
Location: If you're looking to rent out your property in Abu Dhabi, a major advantage is the emirate's unique location at the world's junction. Not only is Abu Dhabi just a 6½-hour flight from London (less from many other European cities) but also, a similar distance or less from South Africa, Russia, China and Australia.
Limited developments: Abu Dhabi is very much concentrating on quality over quantity; there are only a select number of developments where foreign investors are allowed to buy property in Abu Dhabi. This creates a demand and appreciation of prices.
Climate: Warm all winter and scorching throughout summer, Abu Dhabi is a genuine year-round destination which maximises your annual rental potential.
Massive attractions: Shopping is basically the national pastime in Abu Dhabi and little wonder with the variety of stylish shops, boutiques and malls that are on offer. Furthermore, the Frank Gehry designed Guggenheim and Louvre Abu Dhabi will attract culture vultures from all over. On a slightly different note, "petrolheads" will be falling over themselves to get to the annual Grand Prix at the Yas Island harbour-side circuit - 2009 is the target date for the inaugural Abu Dhabi Grand Prix.
Commuting: With prices of properties in Dubai having increased massively over the past few years, many companies and private individuals are looking at Abu Dhabi properties; regarding the city as the perfect commuter location due to its easy access to Dubai City and the Jebel Ali freezone.