With a robust real estate market, Abu Dhabi offers several housing options. Ease in taxation laws, several everyday amenities and an efficient transport system make the Emirate a dream home destination. One can find houses and apartments that fit their budget and offer a comfortable lifestyle.
Moreover, with certain pros and cons of living in apartments, they have been a popular choice among residents. That said, here are the non-luxury areas to buy an apartment in Abu Dhabi.
LIST OF AREAS TO BUY AFFORDABLE APARTMENTS IN ABU DHABI
Based on the Abu Dhabi Q1 sales market report 2023 by dubizzle, apartments have been a popular choice for renters and buyers. Here is the list of areas to buy non-luxury apartments in Abu Dhabi. They are as follows.
AL GHADEER
Al Ghadeer is a family-friendly community project by Aldar, one of the well-known real estate developers in Abu Dhabi. The strategic location between Dubai and Abu Dhabi eases commute between these Emirates for residents.
The project comprises low-rise residential buildings and apartment blocks. Besides, it is an eco-friendly community. One can find a host of everyday amenities such as retail and trading centres. The apartments are divided into building and terrace units with feasible renting options. For apartments for sale in Al Ghadeer, the average price has been AED 545k and with an ROI of 6.35%.
The average price per square foot for apartments in Al Ghadeer has increased to AED 730k with an increase of 1.77%. The average sale prices for studio, 1-bedroom and 2-bedroom apartments have been raised to AED 353k, AED 524k and AED 690K, respectively.
AL REEF
Al Reef is next on our list of top non-luxury areas to buy an apartment in Abu Dhabi. It is a project by Manazel Real Estate, split into two sub-communities. The community is home to several affordable villas and apartments. It offers affordable villas to rent in Abu Dhabi as well as apartments.
The community is close to several attractions of the city. These include Al Raha Beach, the airport and Khalifa City A. Moreover, if one is looking to buy affordable apartments in Abu Dhabi. Al Reef has many choices for expats, singles and young couples.
The family-friendly neighbourhood is also home to several facilities such as supermarkets, worship places for different communities and schools.
For apartments, the average sales price has risen to AED 786k with an ROI of 8%. Meanwhile, from Q4 of 2022, the price-per-foot-square has averaged AED 654k with a decrease of 1.17%.
In Q1 2023, the annual average price of studio apartments in Al Reef reached AED 429k. Meanwhile, 1 and 2-bedroom apartments have averaged an annual price of AED 579k and AED 773k, respectively,
MASDAR CITY
Masdar City is a community comprising different residential and commercial properties for sale in Abu Dhabi. The development is a project by Masdar. It is eco-friendly and one of the projects that function completely on the use of solar energy in the UAE.
Located close to the airport, one can easily travel to major attractions of the city with much ease. The mixed-use development houses several eateries, gyms, supermarkets and recreational facilities. One can also find eco-powered and other energy-efficient vehicles in the area alongside feasible parking spaces.
When it comes to top non-luxury areas to buy an apartment in Abu Dhabi, Masdar City is a popular choice. The apartments for sale in Masdar City have observed an average sales price of AED 887k with a 6.68% ROI.
The studio apartments in Masdar City have averaged an annual sale price of AED 546k. Meanwhile, the average annual prices in Q1 2023 have been AED 807k and AED 1.3M, respectively.
BANIYAS
Baniyas is another top choice to buy non-luxury apartments in Abu Dhabi. Located along the Abu Dhabi-Al Ain highway, it is divided into subcommunities: Baniyas West and Baniyas East. This community is known for its recreational facilities such as the Baniyas Sports and Culture Club, among others.
One can also enjoy the benefits of a gated community in Baniyas. In addition, several residential units in the community offer a modern lifestyle. Ferrari World, Sheikh Zayed Grand Mosque and Sheikh Zayed Cricket are within easy reach. Alongside these tourist attractions, affordable apartments, spacious townhouses and villas are also the highlights of this area.
For apartments available for sale, the average annual price has been AED 973k with an ROI of 5.83%. Meanwhile, the price-per-square-foot has averaged AED 747k with an increase of 2.28%.
Studio apartments for sale in Baniyas have an average annual price of AED 460k. On the other hand, the average yearly sales price for 1-bedroom apartments has risen to AED 632k.
This concludes our list of top non-luxury areas to buy an apartment in Abu Dhabi. From recreational facilities to easy access throughout the city, these options offer all. Therefore, you can consider these options when looking to buy an apartment in Abu Dhabi.
You can also sift through these areas to rent affordable apartments in Abu Dhabi for budget-friendly options.
Stay connected to dubizzleโs real estate blog for property insights, advice and more.
Related Posts
