Although Dubai is the most widely recognised Emirate in the UAE, the capital, Abu Dhabi, is a popular place for residents and visitors. The city of Abu Dhabi is only an hour away from Dubai, so it is a convenient place to live for many commuters, given the higher costs of living in Dubai. Abu Dhabi is a cosmopolitan city, and it currently growing at a massive rate following on from Dubai’s lead, meaning there is also a movement towards freehold property for expatriates.
The major developer in Abu Dhabi is Al Dar Developers, responsible for aiming to bring the same success from Dubai’s property boom to the capital, and with so many exciting projects on the way; the freehold market will be fully established over the next several years. Some of the properties that are being released include Al Raha Beach Development, Dolphin Towers, Al Reem Island, Najmay Abu Dhabi, Shams Abu Dhabi, Oceanscape, Lulu Island, Al Gurm Resort, Saadiyat Island, Al Raha Gardens, Al Mamoura and Golf Gardens.
Not all the upcoming Abu Dhabi property will be available to expatriates, as the nationals of the Emirates are being widely encouraged to buy them as well. This is a good option as it prevents the community from being separated, and many nationals are actually choosing the option to purchase on freehold developments. Although the projects underway in Abu Dhabi are less popular than the properties in Dubai, the freehold market is much newer, and the Abu Dhabi government have been a lot slower to push for more freehold property development. With more and more demand for property that is affordable, Abu Dhabi is going to continue to grow.
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