Yes, this megalopolitan is whole world of luxury, fabulous gardens and sheikhs. Recipe for Abu Dhabi happiness conceals in its endless sands and oil reserves. One can feel jealous, but for sure it is better to taste this paradise yourself. This city has always been working for two: it is UAE principal city and beating heart of cognominal emirate. It has fascinating urban scenery, blossoming green streets and recreation parks, for every newcomer feel themselves comfortable and safe.
To your knowledge, capital city sheikhdom occupies almost entire area of country (80%)? This emirate accounts for 95% share of state petroleum reserves. The capital's economy is based on oil exports, but its far-sighted government is pouring huge capitals into home economy's heterogeneousness, developing banking and tourism sectors, immovable estate and trade.
Catch the ride - start looking for nice apartments for sale in Abu Dhabi! The level of employment of both commercial and residential facilities here is highest in region, moreover, the opening of international global giants offices and expansion of existing firms creates a constant high demand for quality real estate. If earlier principal ameerate was in the shadow of its celebrated neighbor Dubai, today it is entering the forefront of house property, industry and travel sphere.
In terms of investments, realty objects on Abu Dhabi man-made islands are most attractive, located one kilometer from city business center. Foreign citizens (to the exclusion of Persian Gulf countries citizens) can buy real estate for a long-term leasehold for 99 years with extension right. An important thing is searching for an agency that has proven itself trustworthy in market, as well as acquisition of apartment for sale in project built up by reliable developer.
One simple rule for you to remember: buying real estate in UAE principal city is beginning of a new luxurious life, an oriental fairy-tale, embodied in your reality! Stop losing precious minutes, choose best flats for sale in Abu Dhabi from YzerProperty partners on this page! We guarantee you speed and ease of deal-making procedure, best listings on market, cheap price for your chosen housing and most importantly - full reliability of your investments.
Foreign nationals who purchased accommodation in Abu Dhabi receive a resident visa for six months with the possibility of repeated extension. There is no tax on immovable property, plus the process to buy apartments has become significantly safer due to a number of new laws. Legally, the purchase is formalized as buyer must have a resident visa to get a leasehold for 100 years terms.
Previously, acquiring immovable property this way in Abu Dhabi was possible only for of other Persian Gulf states residents. All developers are required to receive funds from buyers only via special escrow accounts, and state bodies control the spending of funds for building. Thus, buying flats for sale in Abu Dhabi goes through several stages, depending on degree of readiness of the building, and developers who sell properties do not have rights to demand another installment until previous stage construction for which they already received money from investors is completed. The sale of apartments is also strictly controlled by government agencies and goes along with mandatory registration at the Land Department.
This allows you to avoid double sale of the property with, and the very fact of state registration of purchase or sale of dwellings in unfinished object gives more confidence. Providing there are no taxes on income or realty, the mere fact of state control over transactions in state property market causes only positive emotions, that is why buying apartments in Abu Dhabi seems to be an extremely profitable and transparent transaction. For further info contact YzerProperty - we are always ready to give you the best service, extended property lookup and offer you flat for sale in Abu Dhabi you dreamed of!