Abu Dhabi Property for Sale by Bloom Holding

Buying property in Abu Dhabi involves several steps, especially if you are a foreign buyer. For a hassle-free experience, it is advisable to work with a registered real estate agent to guide you. The process begins with checking eligibility and then choosing a property. Next, you will need to secure financing (if necessary), after which, you will need to sign a Sale and Purchase Agreement (SPA). Once this is done, you have to complete the registration process with the Abu Dhabi Land Department (ADLD) to officially transfer ownership. 

After completing the purchase, you'll receive a Title Deed and can take possession of the property. While there are no property taxes in the UAE, you'll be responsible for service charges, utility payments, and potential maintenance fees. You can also apply for a property investor visa if you meet the criteria defined by the Abu Dhabi government. You can get more information about the terms and conditions of securing a property investor visa at the official Abu Dhabi Resident’s Office website. 

It’s important to note that the property must be in a designated freehold area for foreign ownership and may come with specific community rules or obligations. Overall, the process is relatively straightforward but requires careful attention to legal details and costs. Along with the purchase price, a few additional costs to consider include registration fees, notary fees, and agent commissions.

Yes, foreigners can buy property in Abu Dhabi, but there are certain conditions. Foreign ownership is allowed only in designated freehold areas, which are typically high-end, master-planned developments. These areas include popular locations such as Al Reem Island, Saadiyat Island, Yas Island, and Al Raha Beach, among others. If you're looking to buy property in Abu Dhabi, it's important to check whether the property you're interested in is located within these approved areas. Non-residents can purchase properties in these freehold areas with full ownership rights. Additionally, there may be specific eligibility requirements, such as minimum investment thresholds or the need to obtain a property investor visa in some cases. For the full list of designated freehold areas in Abu Dhabi, visit the official government portal.

To buy property in Abu Dhabi, you'll need to provide the following documents:

• Valid passport with a copy of visa/residence permit for expats
• Emirates ID 
• Proof of Income/Financial documents (e.g., bank statements, salary certificates, etc.)
• No Objection Certificate (NOC) from the employer
• Property Sale Agreement/Contract signed by both buyer and seller

• Proof of down payment - usually 20-25% of the property value

• Mortgage pre-approval letter (if financing through a bank)
• Residency or Work Permit for expats
• Power of Attorney if you are authorizing someone else to handle the transaction
• Title Deed of the property from the developer or seller
• Property Registration application submitted to the Abu Dhabi Municipality

Make sure you cross-check with the developer or your real estate agent whether any additional documents might be required.

Yes, there are several additional fees to consider when purchasing property in Abu Dhabi. These include registration fees (around 2% of the property price), agent commissions (typically 2%), and potential mortgage-related fees such as arrangement and valuation costs. If you are buying from a developer, you may also incur developer fees for service and maintenance. Title Deed issuance fees, notary fees for document signing, and ongoing service charges for property management are other potential costs. It's important to budget for these fees along with the property's purchase price for proper financial planning.

Choosing the right area to invest in depends on your priorities and personal preferences. The following list covers a diverse range of options available in Abu Dhabi:

• Luxury/High-End Lifestyle: Saadiyat Island, Al Raha Beach, and Al Reem Island.
• Family-Friendly Communities: Yas Island, Al Raha Beach, and Khalifa City.
• Affordable Properties: Al Ghadeer, Mussafah.
• City-Centric Locations: Corniche Area and Al Maryah Island.

Visit locations that fit your budget and the lifestyle you are looking for and do your research before buying a property. If you need help finding a property in Abu Dhabi, contact us. Our experienced agents will show you properties that fit your preferences and guide you through the whole purchase process.

Yes, as an expat, you can get a mortgage in Abu Dhabi, but it usually requires meeting specific criteria, including being a UAE resident with a stable income and a minimum down payment of 25%. Interest rates range from 3% to 5%, and the loan tenure can be up to 25 years, depending on your age and financial situation. It’s important to provide the necessary documents, such as your passport, residency visa, salary certificate, and credit report. You’ll also need to consider additional costs like bank processing fees, property valuation, and insurance.

You can apply for a residency visa if you are buying a property worth at least AED 2 million in Abu Dhabi’s designated freehold areas. If your application is approved, you can get a 2-year residency visa, which may be renewed as long as you retain the property. You can also sponsor your family for residency. However, owning property does not grant you UAE citizenship, and the visa is typically tied to the value and ownership of the property. For more information on real estate owner visas, visit the official ADRO website.

In general, there are no major restrictions on reselling property in Abu Dhabi, provided it is within a designated freehold area. However, you may need to get a No Objection Certificate (NOC) from the developer, particularly for off-plan properties, and ensure all fees and obligations are cleared before selling. While there are also no capital gains taxes, you will have transaction and registration fees to consider. If you purchased your property under a Property Investor Visa, selling the property could affect your residency status, so it’s important to plan accordingly.

Yes, buying off-plan properties in Abu Dhabi is allowed and can be a good investment opportunity. You can take advantage of lower prices, flexible payment plans, and potential capital appreciation. However, it's important to consider risks such as construction delays and market fluctuations. Ensure the project is RERA registered, choose a reputable developer, and carefully review the Sales and Purchase Agreement. Financing is available, but you may need a larger down payment for off-plan properties, and resale restrictions might apply before completion.

Make sure you do your research and discover tips on how to invest in off-plan properties and the prime locations to search in. Contact us to explore off-plan projects in Abu Dhabi.

Yes, flexible payment plans are widely available for properties in Abu Dhabi, especially for off-plan properties. These plans allow you to pay in installments during construction, with options for post-completion payments and long-term repayment schemes. Some developers offer interest-free or low-interest plans, and special schemes may be available for first-time buyers or investors. While these plans make purchasing property more manageable, it's important to carefully review the terms and conditions to ensure the plan fits your financial situation.

At Bloom Holding, we offer attractive flexible payment plans to help you secure your dream home. For off-plan investment opportunities in Abu Dhabi’s prime locations, contact us.