Abu Dhabi areas with highest real estate yield
The last few years has seen a definite boom in the real-estate market. And real-estate developers all over the world are interested in capitalising on it. Real-Estate in the UAE in particular is seeing tremendous growth potential. Studies indicate investing in real-estate will be a profitable and viable option with high ROI in Abu Dhabi.
A three-day real-estate event, ‘Cityscape’ held at the Abu Dhabi National Exhibition Centre (ADNEC) from Apr 17-19th revealed interesting facets of the current real-estate trends in the UAE. The event served as a grand platform for prominent developers such as Bloom Properties, Imkan, Aldar, Mubadala Real Estate and Infrastructure, and others to advertise their projects. The event was conducted with the complete backing from the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, His Highness Shaikh Mohammad Bin Zayed Al Nahyan.
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The most trending real-estate discussion was about affordable housing investment. Ashish Guglani from real estate information company Reidin has identified Al Reem, Saadiyat Island, Al Raha Beach, Al Reef and Yas Island in Abu Dhabi as the investment hotspots, compared to all other areas. These areas were found to be more investor-friendly and there is a possibility that these areas could offer the investors the highest returns.
The Developers participating in the Cityscape opined that increasing tenant demand was one of the main reasons for the sudden interest. An added factor was the anticipated population growth. Ashish from Reidin opines that Saadiyat Island, in particular, is quite popular and has a population that is set to multiply ten-fold in the next twenty years.
Reinforcing this trend, Ashish states that affordable housing in popular areas gives the investors an opportunity to maximise returns on a larger scale. Based on Reidin’s analysis, Al Reef in the UAE offers 6.5-7.5 percent yield approximately. The returns vary depending on investing in apartments or villas.
Developers are also looking for ways to increase the property value. One of the ways of doing that is to introduce innovative products to the market. Yann Dhalluin of Kohler strongly feels that ‘smart bathroom’ needs to be explored. More and more developers are slowly receptive to the idea of a smart bathroom. The idea of a smart toilet, voice command mirror, shower that can give a spa feel and experience are bound to attract more buyers.