• 55028
    PROPERTIES
  • 591
    AGENCIES
  • 40
    COUNTRIES

Abu Dhabi, the capital of the United Arab Emirates, sits off the mainland on an island in the Persian Gulf. Its focus on oil exports and commerce is reflected by the skyline’s modern towers and shopping megacenters such as Abu Dhabi and Marina malls. Beneath white-marble domes, Sheikh Zayed Grand Mosque features an immense Persian carpet, crystal chandeliers and capacity for 41,000 worshipers.

630,000

May - Sept - During this summer the temperature of Abu Dhabi can climb to a scorching 48°C, while the humidity levels fluctuate between 80-90%.

The winter months of December to March are very pleasant in Abu Dhabi, with the temperature remaining around 24°C during the day and 10°C at night.

Dirham AED

Arabic 

Yes in designated areas. 

 

Buying Abu Dhabi property is now much easier than it once was, thanks to the law allowing foreigners to own freehold title. To buy a new-build off-plan, the process is easy. The property buyer reserves a unit and pays an initial deposit – usually 10%.

The remaining balance is paid in stages until the completion date. This varies from developer to developer and should be agreed at the outset of the deal.

For resale property, a holding deposit is paid at the outset and completed once funds are in place to carry out the exchange.  Generally the process can be finished within one month.

Bear in mind that although Abu Dhabi and the UAE is tax-free, you may find that you are required to pay taxes in your home country. This may apply to rental income or capital gains on disposal of the property. Get professional tax advice on this matter to avoid any unexpected bills at a later stage.

For new-builds, expect land registration fees of around 2%, and a year’s upfront maintenance charges, which vary depending on the development.

If buying a resale property, all the charges of a new-build apply, plus a 1% to 2% transfer fee, depending on whether the property is completed or not. 

Allow between 2% and 5% for agents’ fees.

While a lawyer is not legally required when buying property in Abu Dhabi or the UAE, it is nevertheless highly recommended that you get independent legal advice, to review the contract.

 

 

 

 

info from mymoveabudhabi.com

 

One you have found your property and the price has been negotiated you will be asked to secure the property with a 5% (of the years rent) deposit.

You have to be a resident to lease a property.

A moving date will be agreed and you will sign a tenancy contract.

It comes as a shock to many an expat when they arrive in the city only to discover they have to fork out a year’s rent upfront in the form of a single cheque. If you’re lucky, your landlord or agent may accept two cheques – one for your first six months, one to be cashed six months’ down the line. Agreeing to move in quickly and not haggling over the price will encourage them to do this. If you don’t have savings, ask your company for an advance which you can pay back in monthly instalments; if they refuse, you can organise a loan from the bank. First you need your Emirates ID card.

Important note

Sharia Law does not allow unmarried and unrelated members of the opposite sex to live together. Under Article 356 of the UAE Penal Code, living with a person of the opposite sex could result in a minimum of a year in jail. Only one adult is allowed in one bedroom, and a maximum of six people are allowed in each villa to avoid overcrowding.

Tenants pay 5% to the Agent for soucing the property