Buying Property
International property investors have been buying Abu Dhabi property for the past few years in ever increasing numbers. The Emirate of Abu Dhabi has been a focus of property buyers’ attention, but there are certainly other destinations in the region that are also raising the profile of the Gulf countries. As the Federal Capital of the United Arab Emirates, Abu Dhabi has witnessed a major economic boom, fuelled by strong oil prices and inward investment.
Countries such as Kuwait, Bahrain, Oman and Qatar have been known in the past as rather obscure commercial and industrial postings for the expat population. However, by freeing up some of the restrictions on foreign ownership of land and property, encouraging property development and promoting tourism, these nations have become much more interesting for anyone looking to buy a property as a holiday home or an investment. Increasing demand and a short of supply of new properties have lead to increased rental yields, which has gained recognition for Abu Dhabi as an investor’s hotspot.
There are some restrictions to buying Abu Dhabi property, though many of these have been relaxed in more recent times.
