Profitable Investment Real Estate For Sale in Abu Dhabi, UAE
Abu Dhabi is the largest of the seven emirates that comprise the United Arab Emirates and was also the largest of the former Trucial States.
Abu Dhabi is also a city of the same name within the Emirate that is the capital of the country, in north central UAE.
The city lies on a T-shaped island jutting into the Persian Gulf from the central western coast. If you are looking for property for sale in Abu Dhabi there is a wide choice for the private purchaser and the investor.
An estimated 1,000,000 people lived there in 2000, with about an 80% expatriate population.
The Emirate has approximately 70% of the country's entire wealth. Al Ain is Abu Dhabi's second largest urban area with a population of 348,000 (2003 census estimate) and is located 150 kilometers inland.
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
How to buy, sell or rent properties in United Arab Emirates: