It’s an attention-grabbing time within the capital…
Whereas the hotly-anticipated Etihad Rail venture is an enormous feather within the UAE’s cap with respect to its collection of beautiful megaprojects, technological developments and the way forward for journey, that’s acquired us considering – what might all of it imply for these trying to occupy housing models situated near Etihad Rail stations?
Pictures: What’s On archive
It’s widespread data for any potential purchaser, renter or proprietor that proximity to main practice stations means a spike in costs. In Abu Dhabi, that would imply near a 15 per cent soar in comparison with what you’re forking out now, particularly in areas that the Etihad Rail will go by.
That’s in Al Reem Island, Yas Island, and Saadiyat Island – all presently residential hotspots within the capital. Why? As a result of improved connectivity equals larger demand for residential models equals larger rents.
Al Reem Island is already an enormous hit with residents over the previous few years, particularly with younger professionals, owing to its proximity to The Galleria Al Maryah Island, ADGM (Abu Dhabi’s monetary hub), the Abu Dhabi metropolis centre, and the Abu Dhabi Corniche space.
For these desirous to be near the burgeoning Saadiyat Cultural District and the area’s top-ranked seaside location, Saadiyat Island is the perfect spot for residents – and it’s already taken off, each when it comes to demand and pricing.
Yas Island is a most well-liked location for anybody that works at any of the island’s many leisure and leisure choices, or in surrounding areas corresponding to Zayed Worldwide Airport (AUH), Al Zeina, Al Raha, Al Muneera, Al Reef, Al Seef and so forth. A number of residents additionally select to reside on Yas and commute to Dubai, with the drive taking solely about an hour.
Index enjoyable
However numbers don’t lie, and right here’s how one can keep on high of those evolving housing costs.
In Q3 of 2024, the Abu Dhabi Rental Index was launched. The info-first answer, which is up to date each quarter, offers you recent info relating to housing costs within the capital – together with info for particular person buildings – with the intention of bettering transparency and attracting funding within the UAE capital’s actual property sector.
Additionally, did you catch our piece on how the Etihad Rail venture might have an effect on you should you’re a Dubai resident? Learn all about it right here.
Keep tuned to whatson.ae for extra updates.
> Join FREE to get unique updates that you’re fascinated about
