Why Abu Dhabi
Why Abu Dhabi
Abu Dhabi, the capital and largest emirate of the UAE in terms of area and GDP contribution, is a terrific place to live, work, and invest. Abu Dhabi is one of the wealthiest cities in the world and the wealthiest emirate in the United Arab Emirates, accounting for 60% of the country’s overall GDP.
Abu Dhabi is witnessing a fast expanding labor market and economy, with a high GDP of $268 billion and a per capita income of $96,000, as a result of its construction projects and cultural growth.
Abu Dhabi is unique due to its strong financial standing and lack of direct debt for more than ten years. A thriving economy enables long-term sustainable growth in Abu Dhabi.
Investors profit from a real estate market that offers the lowest purchase price per square meter of any large city in the world, zero taxation on rental revenue, and rental yield returns of 6.90%.
Particularly in comparison to Dubai, Abu Dhabi’s residential supply is likewise somewhat limited. As a result, its real estate market is experiencing strong demand and a lack of supply, creating a fantastic opportunity for profitable investments.
As the capital of the UAE, Abu Dhabi is in charge of an ambitious innovation strategy that draws entrepreneurs and technology experts from around the world. As a result of its efforts, it was named the Middle East’s smartest city in 2020.
Additionally, Abu Dhabi Investment Office (ADIO) introduced a $545 million Innovation Programme in 2020 to promote companies in high-growth industries like financial services, tourism, agriculture technology, information and communications technology, healthcare, and biopharma.
Abu Dhabi is dedicated to enhancing the quality of life for all citizens and visitors by utilizing innovation and technology.
Abu Dhabi’s commitment to cooperation and high standards of living makes the city an ideal location for business, particularly for foreign investors.
In order to make reforms that keep up with the speed of innovation and further increase its business-friendliness, Abu Dhabi Real Estate Law was formed in 2016.
In order to expedite the procedure, the Abu Dhabi Government later proposed three additional visa types alongside long-term residency visas in April 2019. This law allows foreign nationals to acquire freehold property.
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