Property For Sale In Abu Dhabi: The Best Time To Buy
In the post crisis period after the global meltdown
, there have been several corrections that have taken place in the property market scenario in the UAE. The vastly inflated prices seen in 08 have undergone a much needed and long overdue correction to a more realistic price structure that has affected property prices in Abu Dhabi. The property pricing structure in Dubai had a large role to play in shaping and molding rates in Abu Dhabi. With the bursting of the property bubble in Dubai, property prices in neighboring Abu Dhabi too went into a tailspin. Properties for sale in Abu Dhabi are now available for hitherto unimaginable low rates.
People are flocking to make the most of this opportunity. There are many seeking to put down roots in Abu Dhabi, who is inclined to being long term residents. For such individuals the prospect of buying a property for sale at reasonably low prices, instead of bothering about tenancy contracts and the spending of money on high rents is becoming increasingly appealing. There is a construction boom in areas like Al Raha Beach, Lulu Island and Mina Zayed Beach. Beautiful villas, plush apartments, serviceable studios.all are up for sale at comparatively low prices. The property or sale market ranges from lavish ocean front properties targeting the high net worth individual to the state of the art modern apartments targeting the first time expat in Abu Dhabiall at rock bottom prices .The reason for this price free fall is a temporary glut in the market. Due to a large number of premises being ready for sale all at the same time, there is a price drop. According to the Landmark Advisory, as more premises are readied for delivery, more prices will decline. Savvy real estate agents who are clued into these changes are able to secure the best properties for their clients. For those who have already been residing in Abu Dhabi this is the time to upgrade to premises that are better in terms of location, size and quality. The authorities in Abu Dhabi have also chipped in by making the regulatory and legal infrastructure more flexible for would be property investors.
In fact this is a golden opportunity for those who missed the first rush for property in Abu Dhabi. Property for sale in Abu Dhabi is a win win situation for the investor in buyer's market. Even areas like the City Centre, Tourist Club, and Kalidiyah & Corniche currently reflect a decrease of 10% to 15% in price points. With such a lucrative buyer proposition, one needs real estate agents with integrity, reliability, who can be focused and aggressive, who can help with both pre and post sales assistance. One must be able to bargain hard while keeping local legal requirements and cultural differences in mind. An experienced and knowledgeable real estate agent is able to deliver. Being customer friendly and accessible at all times is reassuring for an investor who is not only shifting to a new country but is also trying to settle into a new life. A property agent is thus not just responsible for finding him a home but also carries the onus for creating a comfort level for his client.
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