Do You Have Property in Abu Dhabi and are Looking to Leave the UAE? If you own a property and need to leave the UAE for good (or for an extended amount of time), this will guide you through what you need to do before you leave. Remember your Property is one of your most important possessions, make sure it is looked after if you have to leave. How soon do you need to leave? This is the most critical...
Introducing Phase 2 of Yas Acres, the first villas on Yas Island that are available for all nationalities to purchase. Phase 2 properties will be launched this Saturday 18th June starting at 10 am. Yas Acres offers beautiful 3 to 6 bedroom townhouses and villas priced starting as low as 2.9M with only a 5% down payment and flexible payment options. These golf community homes will be sold on a first come...
Invest in UAE property to have rent and improve returns Prices are pretty flat in the UAE at the moment, and you aren’t likely to get much capital appreciation this year. So why buy if your investment isn’t going to go up in value? Because if you take everything into account, even if your property doesn’t appreciate in value 1 fil, it halves your rent. Here is an example of two units currently listed...
Buying in Abu Dhabi - Who, What and Where Abu Dhabi Law 19 of 2005 did two things, firstly it allowed Emiratis to buy and sell land (they had not been allowed to do this before that date), and secondly it created the notion of “Investment Areas” in which property can be “owned” by non-UAE Nationals. Buy Property in Abu Dhabi - No-one apart from UAE nationals (or companies wholly owned by them (not...
Thinking of buying? Ben Crompton, managing partner at Crompton Partners Estate Agents, tells us the top 10 things to avoid when house hunting in the capital Rising rents in some areas in Abu Dhabi and a flat sales market have meant that more and more people are looking to buy in the capital, either as an investment or just to control their own rent. Buying property anywhere in the world is a big...
Abu Dhabi Housing May Newsletter - New Brochure and New Office May Newsletter. No more news on the 3% tenancy tax I’m afraid. Rents continue to be stable except on Reem Island and the Corniche where inventories are growing. Other relevant industry articles can be found on our blog. Physical Brochure - We have converted our updated “Complete Guide to Renting in Abu Dhabi” into a physical...
Why Buy Even in a Flat Market? - It Halves Your Rent Prices are pretty flat in Abu Dhabi at the moment, you aren’t likely to get much capital appreciation in 2016. So why buy if your investment isn’t going to go up in value? I’m going to use an example of two units we currently have i) A Tala Tower (Reem Island) two bed apartment and ii) a three bed on Reef – both for sale at 2m, currently rented...
How To Halve Your Rent - Buy Buying your own property can as much as halve your "rent", here is how: I’m going to use an example of two units we currently have i) A Tala Tower (Reem Island) two bed apartment and ii) a three bed on Reef – both for sale at 2m, currently rented at 150K per year. I will assume a buyer with a 25% deposit (500k) with 1.5m financed at 4% over 25 years. If you would like this...
New Abu Dhabi Tenancy Tax - My Video Thoughts As I mentioned here last week it looks like there will be a new three percent tax on tenancy contracts, here are a few of my thoughts on it: Ben Crompton Managing Partner ben.crompton@cpestateagents.com Call - +971 50...
New Abu Dhabi Tenancy Tax So I am going to assume that you have all heard the news. Soon expat tenants in Abu Dhabi will have to pay 3 per cent extra on top of their rent. A new tenancy tax if you will. But how will it work? The new charge will be charged in monthly instalments and added to you electricity and water (ADDC) bills. It will add about Dh5,000 to the cost of renting an average two-bedroom...
