Abu Dhabi is the perfect example of a modern place with a blend of beauty, modernity, and convenience.

One of the seven emirates in the UAE, Abu Dhabi, has progressed by leaps and bounds during the last few years.

In addition to the spectacularity of the emirate, the steady economic growth is something to look at, as that dictates why you can consider relocating to Abu Dhabi.

According to media reports, the emirate’s economy is expected to grow at the fastest speed in the coming years. And the key drivers are higher oil production and robust output of manufactured products.

During the first quarter of 2022, Abu Dhabi registered an 8.2 per cent year-on-year GDP growth on the back of higher crude oil production and non-oil products.

According to the forecasts in place, the emirate’s economy is likely to post a 5.4 per cent growth in 2022. And, things do not end here.

The forecasts also show that the economy will clock a growth of 4.2 percent in 2023. But, notably, if the economy attains the projected growth in 2022, it will be the highest since 2019. And, the growth will overshoot the projections by the International Monetary Fund (IMF).

Given the economic drivers operating in Abu Dhabi, the growth prospects are stronger due to the increasing crude oil production and the higher manufacturing output. Again, the government has committed to double the size of the manufacturing industry in Abu Dhabi.

The spotlight on Abu Dhabi falls on other aspects as well. For example, the capital of the UAE is also the most financially secure emirate in the UAE.

Geographically, Abu Dhabi is made of several islands scattered along the Persian Gulf.

The solid economic progress has attracted many property investors to invest in real estate properties in Abu Dhabi.

Due to the continuous influx of foreigners, Abu Dhabi has become the second most populous emirate in the UAE.

Every year, many professionals and business people move to Abu Dhabi. And many of them have purchased residential and commercial properties in the emirate.

Besides, many of the investors have purchased residential properties to rent out and earn money.

In Abu Dhabi, the mortgages are with very low interest rates. As such, investors find it easy to purchase properties in Abu Dhabi.

The Property Types in Abu Dhabi

There are almost all kinds of residential properties in Abu Dhabi.

Given the prevailing preferences of investors, the 2-bedroom apartment is the most popular residential unit. And it comes with around 1,550 square feet of floor space and 3 bathrooms.

As such, it can be a quick affair to buy apartment in Abu Dhabi.

If you wish to invest in a larger apartment to accommodate your growing family, you can invest in a 5-bedroom villa, which is plenty in the emirate.

Given the current trends, a 5-bed villa in Abu Dhabi comes with 5,484 square feet of floor space and 5 bathrooms.

In addition, you can also find different types of townhouses for sale in Abu Dhabi. Among the available townhouses, the 4-bed unit is the most popular unit. The unit comes with 2,730 square feet of floor space.

Again, there is no disappointment for investors looking to purchase a luxurious property in Abu Dhabi.

Such investors can consider purchasing a 5-bed penthouse with eight bathrooms and 9,149 square feet of floor space.

Moreover, investors looking to invest in a commercial property can find offices for sale in Abu Dhabi.

According to the prevailing trends, commercial offices and shops come with around 1,811 square feet and 1,300 square feet of floor space, respectively.

Conclusion

Given the availability and affordability, you can quickly spot your dream property in Abu Dhabi to purchase. But, first, you should research by visiting a property portal like Toplatest. It will give you an idea of the existing properties in terms of prices and localities.