Canadian investors who are well informed are now searching for safe investments in other countries to give them good returns. With the attention of the world having been focused on cities such as Dubai for a long time, an unknown fortune is becoming visible in the emirate’s capital, Abu Dhabi, which gives an excellent reason to think about investments and saving up money for many years to come. The continuous increase in property prices, as indicated in the Abu Dhabi Property Sales Report 2024 released by Bayut, is enough evidence that there has never been a better time than now for Canadians to invest in this growing market.
Key Insights of Abu Dhabi’s Property Market
According to the report from Abu Dhabi, there was a healthy market whose prices were on the rise. An increase in prices in all sectors is an indication of increased demand and optimism among investors. It can be seen that even the cheapest housing options increased in value: 2% – 20% for affordable apartments and 5% – 32% for luxury ones. The same trend continued with affordable villas which experienced between 6% – 18% increase, while their luxurious counterparts recorded 2% – 23% increase. With these numbers, any Canadian investor looking for growing markets would be interested. Investors can explore multiple properties for sale in Abu Dhabi on Bayut and get helpful insights to help them in deciding.
Apartment Investment Opportunities
There are different types of apartments in Abu Dhabi including those that can be afforded by new investors and expensive ones that people with high incomes would like to buy.
Affordable Apartments: Where Value Meets Demand
The affordable apartment sector in Abu Dhabi is very attractive to Canadian investors who want high rental income and low property prices that also increase over time.
- Al Reem Island
Having been transformed from a mere natural island into a bustling community, it is now considered the best place to invest in affordable apartments. The residence provides an active seafront way of living, up-to-date facilities and great transport links.
ROI: 7.00%
Average prices:
Studio: AED 665,000 (CAD 252,685)
1 BHK: AED 900,000 (CAD 341,980)
- Al Reef
Al Reef provides a suburban way of life with city facilities, as it is close to Abu Dhabi International Airport and important business areas, and has a design that caters to the needs of the community.
ROI: 8.64%
Average prices:
Studio: AED 472,000 (CAD 179,349)
2 BHK: AED 810,000 (CAD 307,782)
Luxury Apartments: Premium Locations, Premium Returns
Abu Dhabi’s luxury apartment market is preferred by rich Canadians due to its elegance, international facilities and high capital gains.
- Al Raha Beach
Its stunning sea views, private beaches, and high-end lifestyle made it very popular with those looking for expensive apartments.
ROI: 6.09%
Average prices:
1 BHK: AED 1,241,000 (CAD 471,553)
2 BHK: AED 1,809,000 (CAD 687,381)
- Yas Island
Yas Island in Abu Dhabi is known worldwide as the entertainment hub with amusement parks, a Formula One circuit, concert venues and high-end housing.
ROI: 7.07%
Average prices:
1 BHK: AED 1,065,000 (CAD 404,677)
2 BHK: AED 1,774,000 (CAD 674,082)
Villa Investment Horizons
The villas in Abu Dhabi are meant for people who require extra space and privacy especially families and at the same time offer unique options for cheap as well as luxury accommodation.
Affordable Villa Communities: Family-Friendly and Value-Driven
- Al Reef
Just like it was a hit with those looking for apartments, Al Reef was also number one when it came to cheap villas which were spacious and had a lot of community amenities.
ROI: 6.14%
Average prices:
3 BHK: AED 1,592,000 (CAD 604,925)
4 BHK: AED 2,247,000 (CAD 853,811)
- Hydra Village
Hydra Village is appealing to individuals looking to invest in villas for the first time because it has some of the cheapest villas.
ROI: 8.09%
Average prices:
3 BHK: AED 973,000 (CAD 369,719)
Luxury Villas: Exclusivity and Grandeur
Abu Dhabi’s luxury villa communities are world-class for individuals who want nothing but the best in residential life.
- Yas Island
Yas Island is a great place to live because it has many luxurious villas that offer unmatched living experiences through entertainment, recreation as well as exclusive accommodation.
ROI: 6.28%
Average prices:
4 BHK: AED 5,601,000 (CAD 2,128,260)
5 BHK: AED 6,931,000 (CAD 2,633,631)
- Saadiyat Island
The luxury villas at Saadiyat Island are exceptional because they combine cultural significance with a private environment that is close to both beautiful landscapes and outstanding architectural designs.
ROI: 5.07%
Average prices:
4 BHK: AED 8,719,000 (CAD 3,313,033)
5 BHK: AED 13,005,000 (CAD 4,941,621)
Disclaimer: Average prices of properties and ROI are based on Bayut’s 2024 sales report in Abu Dhabi and are subject to change due to changing market conditions and other factors. Canadian investors should do thorough research and consult with real estate experts before finalizing.
Conclusion
For Canadian real estate investors, Abu Dhabi is a very attractive place. The emirate provides numerous options for individuals who wish to make reasonable investments in property as well as those looking forward to buying highly expensive properties. Investors who take advantage of this emerging sector can see themselves climb high with profits when the time comes. The call is towards the East; it’s Abu Dhabi’s turn now.
Frequently Asked Questions
Q1: Can Canadians get mortgages to buy property in Abu Dhabi?
A: A lot of UAE banks provide mortgages for qualified non-resident Canadian investors. Consult the banks for details as there are specific terms as well as down payment requirements.
Q2: Are there ongoing property taxes for foreign owners in Abu Dhabi?
A: There are no yearly property taxes in Abu Dhabi. In most cases, property owners only incur first-time registration expenses as well as yearly community service fees.
Q3: How can I manage an Abu Dhabi property while living in Canada?
A: Overseas investors can be catered for by professional property management companies in Abu Dhabi regarding tenants, rent, and maintenance.
