Abu Dhabi Properties - A Wise Investment
Sunil here to talk about the hot Abu Dhabi properties
If you are planning to make an investment, purchasing Abu Dhabi properties can be a wise move for you since the city has tremendous potential that is sustainable. Unlike Dubai for example, Abu Dhabi is very strong fundamentally.
There is room for the value investor, as well as the speculator (yes they do appreciate and have been even through the recession).
If you have not visited Abu Dhabi yet and are interested in investing, I suggest that you hold off buying a property until you have visited the place so you can get a firm idea of what the city looks like and what area you prefer to invest in.
Alternatively, you can visit property sales expos to talk to brokers if you really want to purchase property even though you havent been to the place.
If you frequent Abu Dhabi, you likely know where the best places are and what area you would want to invest in. If you are already in the country, you can contact local brokers so they can show you different properties that suit your taste and budget. Another avenue to check ahead and research the different properties would be through the internet.
There are a number of websites that show different properties such as apartments, houses (villas) and condos that are for sale in the Abu Dhabi city and outlying suburbs. You can get a description and see pictures of the place so that you can get an idea of which properties you are likely to see in person when you go get there. You can even contact the brokers so that they can schedule a visit for you the next time you are in the city. This ensures you maximize your time while there.
Purchasing real estates in Abu Dhabi is like buying property in your local city for the most part. The biggest difference is that when you buy property in another country you will need to present a visa and other relevant documentation (these change over time). These are usually banking records, liquidity position and such. Pretty much anything showing you are a credible customer or borrower if you are to obtain a mortgage.
So what kind of a price range should you expect when investing in properties for sale in Abu Dhabi? Properties in Abu Dhabi are a bit pricey relative to other similar cities. The biggest factor of the price, as you can imagine, is the propertys location. There are apartments and condo flats that can be worth millions in Dirhams (AED) simply because they are located in certain parts of the city, or that they are in a building that is well known and have very good amenities.
Just remember that even if you purchase these properties now at a high price, there is a very good chance you will make money in the long run. I am very bullish on Abu Dhabi, as I think this city will surpass Dubais initial boom before the 2008-2009 global recession. The difference however is that Abu Dhabis growth is sustainable because of the Emirates very strong economic fundamentals.
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