Where Can I Find Listings of Real Estate 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.
Buying cheap luxury real estate listings in Abu Dhabi, UAE is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Abu Dhabi, UAE, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
You may ask where can I find listings of real estate in Abu Dhabi, UAE, and in established or emerging luxury markets or area, luxury properties could be listed as undervalued in relation to future expectations, especially for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas often see strong appreciation when the market recovers or the area gentrifies.
