The world has moved on from the Covid 19 era, when the entire world was put on hold on its daily activities. Aside from this, there was also an increase in oil prices, which caused all commodity prices to rise. As a result of all of this, there was a sharp drop in real estate market demand. Property for sale in Abu Dhabi was affected, but because of good planning and understanding of the pandemic, as well as the rise in oil prices, the UAE government was able to contain such situations.
UAE has taken all the necessary precautions to put an end to the rise of Covid cases. Now the real estate market in the UAE is back on track and is moving fast. Expats were allowed to invest in specific properties in 2018, and international sales events were introduced by 2021. Opening the real estate market to investors from all over the world, as well as the concept of a residency visa for 5 to 10 years. It opened wider doors for developers to reach out to more prospective buyers inside and outside of the country.
There has been an increase in the number of OFF PLAN projects in Abu Dhabi alone. Property for sale offers have been abundantly available, ranging from ready units to under construction units. This type of development allows buyers to consider better options with better offers. The UAE has long been a popular residential investment destination. Residential projects such as apartments and villas are on the rise in Abu Dhabi, Dubai, and other Emirates.
The Abu Dhabi real estate market is already bright as demand for villas and apartments rises. Villas in Saadiyat Island are among the most popular. Several residential and commercial developments are ongoing on the island. Villa for sale in Saadiyat Lagoon are the latest addition to the multiple high-end residential destinations in the island. More developments are expected throughout the UAE, and the future of the Abu Dhabi real estate market is already clear: it will boom in the coming years.