Investing in Abu Dhabi real estate offers numerous advantages for investors. The government of Abu Dhabi has taken significant steps to enhance the attractiveness and transparency of property transactions in the region. One such initiative is the introduction of the Unified Contract Template, which simplifies the buying and selling of off-plan real estate. This template establishes trust between developers and investors by outlining the rights and obligations of all parties involved, including project specifications, construction completion dates, and payment plans. Starting from July 3, 2023, this new contract will come into effect, providing a streamlined and reliable process for property transactions.
Furthermore, another major advantage of investing in Abu Dhabi real estate is the opportunity to obtain the 10-year UAE Golden Visa. This visa enables investors to sponsor their family members, including spouses, parents, and children under 25 years old. Additionally, children with special needs are also eligible to receive a residence permit.
To qualify for the UAE Golden Visa, investors need to make a minimum property investment of AED 2M. This visa not only provides investors with long-term residency in Abu Dhabi but also offers a range of benefits and opportunities for both the investor and their family members.
In conclusion, investing in Abu Dhabi real estate presents numerous advantages, including the simplified property transaction process through the Unified Contract Template and the opportunity to obtain the 10-year UAE Golden Visa. These advantages make Abu Dhabi an attractive destination for investors looking to secure their investments in a transparent and reliable market.