There are several benefits to buying an off-plan apartment. The biggest advantage is the opportunity to choose the exact type, view, and floor plan of the unit. The disadvantage is that you don’t get to see the finished unit, so you could end up buying a property that is not what you expected. As well, there’s no misrepresentation law in the UAE, so you could find yourself in a situation where you regret your decision.
If you are planning to buy a home in Abu Dhabi but are worried about the cost, you may want to consider buying a ready-to-move apartment. The UAE property market is currently soft and it is the perfect time to buy an apartment. However, first-time buyers must consider their lifestyle and requirements before making a decision. Here are some tips to help you decide on the right property.
Whether you’re looking for a cozy apartment near the ocean or a modern penthouse, Abu Dhabi has many options. A number of developers have come forward with residential units that offer the perfect combination of modern amenities and proximity to the shoreline. Aldar Properties offers apartments in the most sought-after Al Reem Island area, while Bloom Properties has residences on Saadiyat Island that provide the highest levels of connectivity and access to the finest amenities. In addition to these developers, the Tourism Development and Investment Company (TDIC) is also a respected developer in Abu Dhabi.
There are many different types of Abu Dhabi luxury apartments for sale, ranging from studios to multi-bedroom penthouses. These properties are typically spacious with open-plan or semi-closed kitchens. The average size of a studio or one-bedroom apartment is 40 square metres. The classic six or seven-bedroom units usually have a formal dining room and living room, as well as a maid’s suite.
The UAE’s largest property developer, Aldar Properties PJSC, is introducing rent-to-own schemes in a limited number of homes in the West Yas community. Aldar’s scheme will enable customers to build equity over a five-year period, and the rental payments will be converted to equity 100% by the end of the scheme. The EMI for this scheme is capped at AED 220,000 per annum, and the monthly payments are calculated according to the amount of equity in the property.