Abu Dhabi Villas
Abu Dhabi luxury apartments
Traveling to Abu Dhabi for a longer period? Its recommended to rent a villa or an apartment, there are plenty serviced apartments or if you need more luxury, than exclusive villas in the region. Housing is not a problem in Abu Dhabi, but it is definitely costly. Expatriates can now buy villas in Abu Dhabi by obtaining permission for renewing the approval after a period of 99-years. At the moment expatriates can buy apartments in selected projects in Abu Dhabi. The Government of the United Arab Emirates has approved freehold sale of villas in Abu Dhabi, which are renewable automatically at the end of 99 years.
Abu Dhabi Villas
Abu Dhabi's Manazel properties and Dubai's Hydra Properties are jointly developing the Shahama project, which is very near to the Abu Dhabi-Dubai highway. Expatriates have been provided the opportunity to buy villas in Abu Dhabi for the first time ever, and villas will be available for all various classes of investors. The upcoming Al Reef Project has planned for 2500 villas and 1500 apartments. The price range starts at Dhs. 500,000 and continues up to Dhs. 1.3 million. The project is slated to be completed by end of 2009. The project is being developed in about 10 million sq.ft land and is proposed to have world class facilities of schools, play grounds, shopping malls, public gardens, sports clubs, and other facilities.
If you are looking for villas in Abu Dhabi to be taken on rent, consult the Khalifa Committee, which is a Government run agency that rents out apartments and villas. They maintain a list of available properties that can be taken on rent. But, as they are understaffed they are extremely busy and not very helpful. However, there is an alternative and you could get this done more easily. You could select an agent and go through him and if he is able to find some rental property for you, he normally charges a percentage of the annual rent. But, remember one thing - do not pay any money for seeing a place. The best way for you to go about looking for a villas in Abu Dhabi would be to scout the area of your choice and if you see any construction going on, ask the watchman. He may let you have a look at it, and you could then talk to the owners or their agents. However, you will have to act fast as good properties go very fast. If you are going in for an older place, ensure that it is not going to be demolished with a few months.
Property rentals require you to pay 12 months rent in advance, but a few landlords may accept 6 months advance. If the property is rented out through the Khalifa committee, the landlord may even accept 4 months rent as advance. You will also have to pay the usual 5% of the annual rent to the property agent. The rents for villas in Abu Dhabi are quite high in Abu Dhabi proper, but as you move away from the Corniche the prices come down. You can expect reasonably priced villas in Abu Dhabi with a garden in the newer residential areas. However, you will have to commute to get all the facilities and amenities.
While you are looking for villas in Abu Dhabi, you will have to use your judgment to decide if you want to have a place in the heart of the city and pay more or have a place in the newer residential areas, pay less but pay more for the transportation.