The real estate sector is attracting many clever investors and prospective home buyers. Abu Dhabi appears to remain the favorite location of investment for property among Indian buyers, especially in the apartment segment. The sector has experienced sustained growth and displayed imperviousness within the capital, thereby creating a conducive environment for investment. In this article, we will focus on some of the prime locations where Indian nationals can buy apartments in Abu Dhabi.
Why Abu Dhabi Captures the Interest of Property Investors?
There are numerous reasons why Indian investors find Abu Dhabi attractive. The strong relationship between India and the UAE, as well as the increasing economic growth, political stability, and first-class infrastructure, is a perfect combination for this city. This town has a luxury lifestyle with very high standards of security, coupled with a mixed culture that keeps attracting Indian expatriates.
Moreover, the attractive rental yield potential (ROI), lack of property tax in most cases, as well as the possibility for capital appreciation, are great economic motivators. The attractiveness of Abu Dhabi’s real estate is also enhanced by government schemes such as the Golden Visa program, whereby one can acquire it by investing in property and enjoy long-term residency advantages.
Top Affordable Apartment Areas
Abu Dhabi has many affordable areas suitable for Indian buyers looking for cheap investment options or large apartments that do not cost much. They can check numerous affordable flats for sale in Abu Dhabi on Bayut, a leading real estate platform in the UAE. Using its features, customers can gather data and facts and then be able to make the right decision. Below are some of the top affordable and luxurious areas based on Bayut’s 2024 sales market report in Abu Dhabi.
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Al Reem Island
Affordable apartments are most preferred at Al Reem Island. This is because of the state-of-the-art infrastructure that combines well with beautiful sea views from a majority of the units and an active community around. The area provides for every need, such as schools, hypermarkets, and clinics. With all these varieties, there is something interesting for everyone. Also, being close to the city center is an added advantage.
- ROI: 7%.
- Average Price Per Sq.Ft: AED 1,119 (INR 25k)
- Average Apartment Prices:
Studio: AED 665,000 (INR 1.5 Cr)
1 BHK: AED 900,000 (INR 2 Cr)
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Al Reef
Al Reef is famous for having unique village-like towns where there are various amenities such as swimming pools, gardens, and shopping centers. It is located close to Abu Dhabi International Airport and the main highways, so residents can easily move around and about.
- ROI: 8.64%
- Average Price Per Sq.Ft: AED 698 (INR 16k)
- Average Apartment Prices:
Studio: AED 472,000 (INR 1 Cr)
1 BHK: AED 627,000 (INR 1.4 Cr)
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Al Ghadeer
Al Ghadeer is situated at the boundary between Abu Dhabi and Dubai, and this location is very beneficial to anyone moving from one of these emirates to the other. The place has everything that one would need, including beautiful parks; it is also designed to promote peace among residents.
- ROI: 8.41%.
- Average Price Per Sq.Ft: AED 845 (INR 19.5k)
- Average Apartment Prices:
Studio: AED 422,000 (INR 97 Lacs)
1 BHK: AED 606,000 (INR 1.4 Cr)
Premier Luxury Apartment Destinations
Abu Dhabi has some of the best luxury apartments globally, which cater to rich Indians who prefer modern designs and privacy in their homes.
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Al Raha Beach
For those looking for luxurious apartments, Al Raha Beach has always been the number one choice. A lively coastal town that gives you a taste of the Riviera right at home, this place will make you believe in dreams! The area is divided into different sectors, every one having its unique charm.
- ROI: 6.09%.
- Average Price Per Sq.Ft: AED 1,302 (INR 30k)
- Average Apartment Prices:
1BHK: AED 1,241,000 (INR 2.8 Cr)
2 BHK: AED 1,809,000 (INR 4.1 Cr)
3 BHK: AED 2,787,000 (INR 6.4 Cr)
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Yas Island
Yas Island is famous for its modern entertainment centers like Ferrari World, Yas Waterworld, Warner Bros. World and the Formula 1 Grand Prix, which occurs in Yas Marina Circuit. One can live an unmatched interesting and comfortable life in Yas Island because the place is just complete; everything you may think of be it a mall, park, or golf course is available there.
- ROI: 7.07%
- Average Price Per Sq.Ft: AED 1,448 (INR 33.4k)
- Average Apartment Prices:
1 BHK: AED 1,065,000 (INR 2.4 Cr)
2 BHK: AED 1,774,000 (INR 4 Cr)
3 BHK: AED 2,072,000 (INR 4.8 Cr)
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Saadiyat Island
Saadiyat Island, the home to Louvre Abu Dhabi as well as future Guggenheim Abu Dhabi, serves as Abu Dhabi’s cultural hub. On this island are beautiful beaches, costly accommodations, expert golf courses and luxurious living areas.
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- ROI: 4.37%
- Average Price Per Sq.Ft: AED 2,281 (INR 52.6k)
- Average Apartment Prices:
1 BHK: AED 1,905,000 (INR 4.4 Cr)
2 BHK: AED 5,202,000 (INR 12 Cr)
3 BHK: AED 8,883,000 (INR 20 Cr)
Disclaimer: The prices and ROIs provided are subject to change depending on market variables and other factors. Investors must carry out a detailed study or seek advice from financial and real estate professionals prior to making any investment decision.
Conclusion
There are many chances for Indian investors in Abu Dhabi’s residential market. The city has a pro-business leadership that is also friendly to foreign investment; therefore, it can assist you greatly in accomplishing your objective of having a residence within the pulsating metropolis of the globe.
FAQs
Q1: Can Indians get mortgages for Abu Dhabi flats?
A: Yes, Indians can access mortgage facilities from some of the UAE banks. Seek information from the banks about their terms, minimum deposit required and current eligibility criteria.
Q2: What are the typical extra costs when buying a flat?
A: Consider municipality fees approximately 2% of the property value in Abu Dhabi, as well as agent’s fees that are usually also around 2%, and also remember any charges that may be imposed by your bank.
Q3: Is buying off-plan or ready property better in 2025?
A: Purchasing off-plan property can be favourable due to various payment plans available, and it could also be valued higher upon completion. On the other hand, completed properties provide immediate occupancy or rental income. Take into consideration your financial objectives and level of risk tolerance.
