How to Invest in Abu Dhabi Real Estate in 2024: A Comprehensive Guide to the Best Neighborhoods, Strategies, and Costs (part 2 of 5)
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Chapter 2. Saadiyat Island: A Cultural Haven
Saadiyat Island is a cultural haven that hosts some of the world’s most renowned museums, such as the Louvre Abu Dhabi, the Zayed National Museum, and the Guggenheim Abu Dhabi. It also features stunning beaches, golf courses, resorts, and residential communities. Real Estate Group offers investors a unique opportunity to own an apartment in a serene and sophisticated setting, with high appeal to art lovers, nature enthusiasts, and families.
Flipping: Saadiyat Island apartments are highly sought-after for their quality, design, and location. Flipping an apartment after adding some artistic touches and modern amenities can attract buyers who are willing to pay a premium price for a distinctive and elegant home.
Long-term renting: Saadiyat Island apartments can command a high rental price from tenants who value the cultural and leisure offerings of the island. The average rental price for a one-bedroom apartment in Saadiyat Island is AED 95,000 ($25,885) per year, which translates to a gross rental yield of 5.3% for an average sale price of AED 1.8 million ($490,463).
Buying off-plan: Saadiyat Island has a few upcoming residential projects, such as Park View, Mamsha Al Saadiyat, and Saadiyat Reserve, that offer competitive prices and flexible payment plans for off-plan buyers. Buying an apartment off-plan can enable investors to secure a favorable price and enjoy the capital appreciation as the island’s cultural district and infrastructure develop further.
Renting off-plan: Saadiyat Island’s off-plan projects are expected to be completed by 2024 or 2025, which means that investors can rent out their apartments as soon as they receive the handover. Renting an off-plan apartment can provide a higher rental yield than a ready-made apartment, as the rental price is likely to increase with the demand and supply in the market.
1. Real Estate. Saadiyat Island is a natural island with an area of 10 sq. mi, located 10 minutes from the center of Abu Dhabi and 20 minutes from Abu Dhabi International Airport. The island is divided into 7 districts: Cultural District, Saadiyat Marina, Saadiyat Reserve, Saadiyat Beach, Saadiyat Promenade, Saadiyat Retreat and Saadiyat Lagoons. The island offers a range of residential options, from waterfront apartments to golf villas, with stunning views and sensational amenities.
The advantages of living in this area for different groups are:
Couples: Saadiyat Island is a romantic and elegant destination, where couples can enjoy the beach, the golf, and the culture. The area has many options for fine dining, shopping, and entertainment. Couples can also relax at the spa, the pool, or the garden of the hotels.
Families with children: Saadiyat Island is a family-friendly and safe community, where families can find spacious and comfortable homes with parking spaces, security and pools. The area has many facilities and activities for children, such as the Manarat Al Saadiyat, the Cranleigh Abu Dhabi, the Saadiyat Beach Club, and the Saadiyat Public Beach. Families can also access the Burjeel Day Surgery Center, which offers quality healthcare services.
Young professionals: Saadiyat Island is a dynamic and diverse city center, where young professionals can find opportunities for career growth, networking, and learning. The area is home to New York University Abu Dhabi, which offers a range of academic programs, research opportunities, and cultural activities. Young professionals can also enjoy the nightlife, the events, and the sports facilities of the area.
Retirees: Saadiyat Island is a serene and sophisticated setting, where retirees can enjoy a peaceful and luxurious lifestyle. The area has a waterfront pedestrian promenade that offers 360° views of the island. Retirees can also indulge in the cultural and leisure offerings of the area, such as the Louvre Abu Dhabi, the Zayed National Museum, and the Guggenheim Abu Dhabi, which are located in the Cultural District.
2. Population. Saadiyat Island is a relatively new and developing area, so the exact population data is not available. However, according to the official website of the area, Saadiyat Island is expected to accommodate over 145,000 residents and 25,000 visitors by 2025.
3. Business life. Saadiyat Island is a growing business hub, with a focus on culture, education, and tourism. The area hosts some of the world’s most renowned museums, such as the Louvre Abu Dhabi, the Zayed National Museum, and the Guggenheim Abu Dhabi, which attract millions of visitors and generate revenue and employment for the island. The area also hosts New York University Abu Dhabi, which is a leading research and academic institution, as well as a business incubator, StartAD, which supports and empowers entrepreneurs and startups. The area also has several business towers, such as the Park Hyatt Abu Dhabi Hotel and Villas, the St. Regis Saadiyat Island Resort, and the Saadiyat Rotana Resort and Villas, which offer premium office spaces and facilities for various sectors and industries.
4. Infrastructure and transportation. Saadiyat Island is a well-connected and accessible area, with easy access to major highways and public transportation. The area is connected to the main island of Abu Dhabi and the Yas Island by two bridges, the Sheikh Khalifa Bridge and the Yas-Saadiyat Highway. The area is also connected to the Abu Dhabi-Dubai highway and has easy access to the airport and the city center. The area has a bus station, a ferry terminal, and a water taxi service that provide convenient and affordable transportation options for residents and visitors. The area also has ample parking spaces, bicycle lanes, and pedestrian walkways that facilitate mobility and sustainability.
5. Cultural life: attractions, museum, exhibitions. Saadiyat Island is a cultural haven that hosts some of the world’s most renowned museums, such as the Louvre Abu Dhabi, the Zayed National Museum, and the Guggenheim Abu Dhabi. These museums showcase a variety of artworks, artifacts, and exhibitions that reflect the history, culture, and diversity of the region and the world. Saadiyat Island also hosts many events and shows throughout the year at the Manarat Al Saadiyat, the cultural and exhibition center.
Some of the interesting events and shows that took place in Saadiyat Island area in 2022 and 2023 are:
6. Entertainment venues. Saadiyat Island is the entertainment hub of Abu Dhabi, with attractions such as the Saadiyat Beach Club, the Saadiyat Public Beach, and the Saadiyat Beach Golf Club. The Saadiyat Beach Club is a luxury beach club that offers a range of facilities and services, such as a pool, a spa, a gym, and a restaurant. The Saadiyat Public Beach is a natural beach that offers a range of activities and amenities, such as sun loungers, umbrellas, showers, and lifeguards. The Saadiyat Beach Golf Club is a championship golf course that offers a challenging and scenic game, as well as a clubhouse, a restaurant, and a pro shop. Saadiyat Island also has several hotels and resorts, such as the Park Hyatt Abu Dhabi Hotel and Villas, the St. Regis Saadiyat Island Resort, and the Saadiyat Rotana Resort and Villas, that offer luxurious accommodation, spa, and fitness facilities, as well as bars, lounges, and clubs, such as The Library, The Drawing Room, and Hamilton’s Gastropub.
7. Universities. Saadiyat Island is home to one of the leading universities in Abu Dhabi, New York University Abu Dhabi, which is a branch of the US-based New York University. The university offers a range of academic programs, research opportunities, and cultural activities for students and faculty. The university also includes the NYUAD Arts Center and the NYUAD Art Gallery, which host exhibitions, performances, and workshops.
8. Schools. Saadiyat Island has one of the best schools in Abu Dhabi, Cranleigh Abu Dhabi, which is a branch of the UK-based Cranleigh School. The school offers a high-quality education, following the British curriculum, for students from nursery to secondary levels. The school also offers a range of extracurricular activities, such as sports, arts, and music.
9. Kindergartens. Saadiyat Island does not have any kindergartens within its area, but it is close to some of the reputable kindergartens in Abu Dhabi, such as Bright Beginnings Nursery, Redwood Montessori Nursery, and Mosaic Nursery, which are located on the nearby Reem Island. These kindergartens offer a nurturing and stimulating environment, following the Early Years Foundation Stage, Montessori, or Reggio Emilia approaches, for children from 6 months to 4 years old.
10. Stores. Saadiyat Island has a variety of stores that cater to the needs and preferences of the residents and visitors. The Manarat Al Saadiyat, the cultural and exhibition center, has a store, the Art Central, that offers art supplies, books, and souvenirs. The Saadiyat Beach Club, the luxury beach club, has a store, the Saadiyat Beach Boutique, that offers beachwear, accessories, and gifts. The Saadiyat Beach Golf Club, the championship golf course, has a store, the Pro Shop, that offers golf equipment, apparel, and merchandise. Saadiyat Island also has a pharmacy, the Bin Sina Pharmacy, that offers medicines, supplements, and health products.
11. Restaurants and cafes. Saadiyat Island has a plethora of restaurants and cafes that offer a variety of cuisines and experiences. The Manarat Al Saadiyat, the cultural and exhibition center, has a restaurant, the Larte, that offers Italian and Mediterranean dishes, as well as a cafe, the Fanr, that offers coffee, snacks, and pastries. The Saadiyat Beach Club, the luxury beach club, has a restaurant, the Safina, that offers international and seafood dishes, as well as a cafe, the Cabana 9, that offers smoothies, juices, and salads. The Saadiyat Beach Golf Club, the championship golf course, has a restaurant, the Hawksbill, that offers international and Asian dishes, as well as a cafe, the Tee & Putt, that offers coffee, tea, and sandwiches. Saadiyat Island also has several hotels and resorts, such as the Park Hyatt Abu Dhabi Hotel and Villas, the St. Regis Saadiyat Island Resort, and the Saadiyat Rotana Resort and Villas, that offer luxurious accommodation, spa, and fitness facilities, as well as bars, lounges, and clubs, such as The Library, The Drawing Room, and Hamilton’s Gastropub.
12. Hospitals and clinics. Saadiyat Island has one of the best hospitals and clinics in Abu Dhabi, the Burjeel Day Surgery Center, which is a branch of the UAE-based Burjeel Hospital. The center offers a range of medical services and specialties, such as dermatology, dentistry, ophthalmology, and orthopedics. The center also has a pharmacy, a laboratory, and a radiology department. The center also offers telemedicine and home care services for patients who prefer to receive care remotely or at home.
Want to Buy Real Estate in Abu Dhabi? Write a Request in WhatsApp and Real Estate Group Will Find the Best Options for You. Everyone Buys With Us!
Real Estate Group's 5-year forecast for real estate prices on Saadiyat Island.
The average price per square foot for apartments in Saadiyat Island increased by 1.72% from 2022 to 2023, reaching AED 1,332 ($363). The projected price growth for the next five years is 2.5% annually, which means that by 2028, the average price per square foot will be AED 1,520 ($414). An example of an apartment complex in this area is the Mamsha Al Saadiyat, which offers one-bedroom to four-bedroom apartments, with sizes ranging from 1,400 to 4,500 sq. ft., and prices starting from AED 2.2 million ($599,455).
Don't miss the opportunity to invest in real estate in the natural Saadiyat Island, in a wide range of residential and commercial properties and become a part of Abu Dhabi's future. Leave a request to Real Estate Group today on WhatsApp and let us help you find your dream property on Saadiyat Island.
Read the continuation in part 3 (coming soon)
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