In Abu Dhabi, real estate investments are booming and, although it may not seem like a novelty, projects continue to expand in the capital. However, within the business opportunities in Abu Dhabi, there is a venture that appears profitable for some analysts and is the most suitable for those looking to settle in the country.
This involves the sale of off-plan properties, meaning those that are still under construction, but that the buyer can pay for in advance or upon receiving the completed home. According to some statistics, this type of investment is on the rise in the city, with 1,838 transactions recorded in the second quarter of 2023, representing 71.4% of the total number of transactions, surpassing the 60.7% recorded in the second quarter of 2022.
What are off-plan properties, which are on the rise in Abu Dhabi?
The off-plan properties consist of those projects that have not yet been built or are in an early stage of development and that the interested party acquires through a direct deal with the developer. These programs are offered through brochures and marketing materials, where the buyer has a clear idea of what their future home will be like. To begin the purchase, a payment of 10-20% must be made and a sale and purchase agreement (SPA) signed, which establishes how the subsequent payments will be made, which often depend on the progress of construction.
According to real estate specialists, the advantage of this type of investment lies in the ability to acquire properties at more affordable costs. Furthermore, the investor can choose premium properties within the project and has the opportunity to sell their off-plan property before the project is completed, providing significant advantages within the market. Another advantage is that one can obtain a completely new home, with the best amenities and technologies of the moment.
The off-plan properties in Abu Dhabi
In Abu Dhabi, there is a large supply of these types of developments that are precisely described on the Emirates State website. One of them is the W Residences development project on Al Maryah Island, which will be completed in 2027. This program is developed by Taraf Holding in partnership with Marriott International, offering apartments with 1 to 4 bedrooms in one of the most important shopping centers in the capital, ideal for professionals and families seeking a dynamic yet serene lifestyle.
Another of the most emblematic plans within the city is known as the Reem Eleven project on Al Reem Island. This is an impressive 18-story residential tower designed by SAAS Properties that is under construction and may be completed by 2025. This exceptional development features elegantly furnished studios, one-bedroom apartments, and spacious two- and three-bedroom residences, all designed with modern sophistication and comfort.
Other ways to invest in Abu Dhabi.
Real estate investment is one of the most promising opportunities in Abu Dhabi, but it is not the only one. Within this broad range of real estate options, the capital of the United Arab Emirates also presents other possibilities such as property management, home staging, interior design, and vacation rentals. The real estate sector in Abu Dhabi reached 27.9 million AED (7.59 million dollars), which translates to 5,472 transactions in the last year, making the sector a good space to establish a profitable business.
In addition to these variants, specialists recommend focusing on other types of businesses, such as the e-commerce market. This sector is positioned to reach 9.2 million dollars by 2026, and in Abu Dhabi, it is gaining traction and momentum. Experts also assert that hospitality and tourism are excellent fields that are constantly expanding within the emirate. Abu Dhabi’s Vision 2030 aims to make the emirate a global tourism project that can attract millions of visitors from around the world, making the offering of these types of services one of the most sought-after options.
