Frequently Asked Questions
What are the most popular areas to live in Abu Dhabi?
Some of the most sought-after areas include **Al Reem Island, Saadiyat Island, Yas Island, Al Raha Beach, Corniche Road, and Khalifa City.** These areas offer a mix of luxury living, amenities, and accessibility.
What documents are required to rent or buy a property in Abu Dhabi?
What is the average rental price for apartments and villas in Abu Dhabi?
What taxes or service charges apply to property owners?
There is **no property tax** in Abu Dhabi. However, owners pay annual **service charges** to cover maintenance, security, and upkeep of shared facilities within their community.
Is there VAT on property transactions in Abu Dhabi?
**Residential property sales and leases are generally exempt from VAT.** However, commercial properties are subject to 5% VAT.
Do I need a residence visa to buy property?
No, a residence visa is **not required** to purchase property in designated investment zones. However, property ownership can significantly aid in applying for long-term residency visas.
What financing options are available for buyers?
Local and international banks in the UAE offer **mortgages** for both residents and non-residents, typically subject to eligibility criteria, age limits, and loan-to-value ratios.
What is the average rental price for apartments and villas in Abu Dhabi?
Rental prices vary significantly by location and property size. On average:
- **Apartments:** AED 45,000 – AED 120,000 per year
- **Villas:** AED 120,000 – AED 300,000 per year
