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Several large companies that specialize in real estate development in the Emirati capital Abu Dhabi have begun working on marketing their housing through soft offers for all who wish to invest from citizens, residents or investors from abroad. The easy marketing process comes through offering these companies to many new housing units. In more than one modern investment area, within comfortable periods of time, some of which extend to seven years, with interest canceled.
Reviving the condition of residential real estate
This matter contributes to reviving the state of real estate especially residential from the previous recession, and activates buying and selling, and with the presence of easy payments represented in comfortable installments, accompanied by direct delivery in addition to a good discount in the fees specified for maintenance operations and the subject of other services, so that the issue becomes convincing and attractive For those who want to own their own housing but the liquidity they have does not help them.
What is happening is the result of a significant price drop of about fifty percent, due to the large supply and lack of demand, which turned some areas in Abu Dhabi into attractive places to buy housing, and from those areas Saadiyat, Al Reem Island as well as the Yas area and other things that are available It contains very tall tower buildings.
The parties are all winners and not losers
The recovery of the real estate market in Abu Dhabi came to meet the needs of all parties. Those who want housing will have many opportunities and multiple options with comfortable installments, and those who own real estate from their interest to sell them in installments instead of freezing them, they need liquidity to complete projects that have been disrupted or for any other purposes.
It can be seen that the facilities being offered will raise the pace of purchase, and this is what happened in the recent near period, and it is expected that the situation will improve in the coming period in the short and long term. What encourages everyone who wants to buy not to hesitate is that there is an additional feature that did not exist before, which is his ability to register the property in his name directly in the concerned department in the municipality and registration will be at a full rate after the contract is signed, and after the completion of the first payment.
Overrated stage is over
What is happening in the residential real estate market in Abu Dhabi ended the stage of exaggerating the prices according to the opinion of some experts, and returned those prices to their correct and reasonable position, so that many people will be able to do it after it was difficult to obtain before and the price per square foot in some residential units became about nine hundred dirhams, and the price per square foot previously exceeded two thousand dirhams.
All of the above means that the current and future period is in fact a period of correction and restoration of normalcy, following the fall in demand due to matters beyond the will of consumers who have the desire and ability to buy real estate for them whether to live or invest in renting it.
Restoring confidence to the real estate market
A company called "Chestertons" had recently spoken in a report in which it monitored the last three months of last year, about the return of confidence to the real estate market after its loss, as the report pointed to an important topic that has a role in the matter, which is the decision to allow foreigners to own real estate and lands in The investment areas in Abu Dhabi, which was issued in April of the year 2019, and contributed in one way or another to moving the real estate market.
In addition, the Department of Urban Planning and Municipalities in the Emirati capital has indicated that an amount of about thirty-one billion dirhams represents what was spent on transactions in the real estate market during the first six months of the year 2019.
