Rent An Apartment in Abu Dhabi or Buy your own Flat?

As the competition in real estate market is increasing by tenfold every month, the rented property prices continue declining dramatically in the monsoon quarter of 2011. If you are going to stay in abu dhabi for few years or few days and confused whether to rent an apartment in abu dhabi or buy own flat then rented apartment is the perfect choice. If you are non-locale abu dhabi and staying here for work then it is obvious that you will return home at the later age of your life. Thus, buying your own property doesn't make any  sense for you and particularly at the time when rent of apartments are declining to great extent.

Compared to the demand of accommodation, there is over supply of apartments and villas in abu dhabi. As per the official news, the rent of abu dhabi apartments and villas is reduced by nine percent in the quarter two of 2011. Even the apartments in the central area of abu dhabi is available in Dhs 120,000 to Dhs 140,000. Before a year, the lease prices in same area was more than Dhs 200,000. If you want to rent an apartment in abu dhabi then this is the perfect time for you. You will get two-bedroom apartment in the rent of one-bedroom apartment.

You may also wondering what if you prefer to take villa on rent if the prices of them are reduced too. However, it is not the case with villas. The supply of villas in abu dhabi is still not enough in comparison to demand from the people. Thus, the lease prices are quite stable. As the year passes and the enough supply of villas exists in the market, there will be decrease in the villas prices too. One real estate agent has already ensured that many properties are under development and the project will be completed within the next 2 years. If you rent an apartment in abu dhabi, you can get maximum return of your money in terms of accommodation and other facilities.

Need For Rented Abu Dhabi Apartments Reaches its Peak This Summer

Abu Dhabi tourism authority (ADTA) organize family fun festival since last four year during this most beautiful time of the year. And ADTA is once again organizing massive fun festival on 30th June to 30th July. Tourism industry has started defining the best marketing strategies to attract maximum consumers. People from the different countries around the globe have already arrived in the city. Abu Dhabi apartments are the most preferred choice of the foreign travelers.

Hotels in Abu Dhabi has started providing special rates across the emirates. The number of hotels and villas in Abu Dhabi have started offering great discount after 15th June. This category of hotels and villas doesn't only include three or four start hotels but also five star hotels and resorts like InterContinental Abu Dhabi,the award-winning Qasr Al Sarab Desert Resort, the opulent Emirates Palace hotel and many other places.The hotel industry has made the target of accruing two million hotel guests night this year. There are people who seek for the cost-effective accomodation and for them rented Abu Dhabi apartments is an ideal choice.

Before your arrival to Abu Dhabi or even after you reach there, you can visit the online property shop and will find number of properties available for rent. The real estate agents of online property shop help foreigners to find rented Abu Dhabi apartments and villas who want all luxury. Travelers, who do not have any specific budget but want all luxury and the most beautiful site to live, choose to stay in villas in Abu Dhabi.However, this doesn't mean that one will not get luxury in apartments. Travelers can take an apartment of 7500 bucks or of 2,00,000 or may be more than that. Travelers have the most beautiful and memorable days in their life when they stay in Abu Dhabi.

Every year the number of foreigners and people from other emirates is increasing by manifold and the ADTA is making maximum efforts to offer the best accommodation and other facility to their guests. Private real estate sector is also ready with their amazing facility and properties with best infrastructures. Abu Dhabi government use the major portion of state's income in developing infrastructures for accommodation and entertainment.

Abu Dhabi Properties Taste like Hot Cakes to Investors and Residents

Abu Dhabi properties are like hot cakes in the world of who’s who! Or may even in the world of those who are not that who’s who! And to the question why it is so, there are many answers! The first and the foremost is the undeniable fact that Abu Dhabi is the richest Emirates among the seven Emirates of Unites Arab Emirates. To breathe the air of this richest Emirate is a privilege to almost all who are residing there or planning to relocate there.

In 2008, the GDP of this Nawabi state was Dh 17.548 million for wholesale and retail market while total GDP of the Emirate for 2008 was Dh 520 billion.  This speaks volume about the affluency of this region and the overall healthy state of affairs. Since the real estate burst of Dubai in 2007, the attraction for properties and villas in Abu Dhabi has increased millions fold. The steady and measured socio-economic strategies of the government have put this Emirate on the high paddle of growth and development. A liberal economy and the blue waters of Arabian Gulf have added to its charms that few can resist.

Deemed as cultural hub of the Middle East, Abu Dhabi has many educational, cultural and art educations to attract many residential and institutional investors. Though, the economic growth of this richest Emirate may seem meteoric, it is a result of relaxation in hitherto stringent policies driven by Monarchy. Now, that the surplus of oil revenues encourages government to change regulatory and legal policies, individual and institutional investors are more attracted to Abu Dhabi properties such as villas in Abu Dhabi. The new relaxed laws allow private sector to undertake both commercial and residential property developments in Abu Dhabi instead of specialized government agencies. Developments such as ‘Al Reem Island’, ‘Al Raha Beach’ and ‘Saadiyat Island’ are testimonies to this liberal economic stand that the government has taken in a world without boundaries.