Best Location for Investment of Commercial Properties in Abu Dhabi-Complete Review
Abu Dhabi is one of the Capitals of United Arab Emirates. Currently, this place is booming due to real estate. It currently attracts businesses and draws them to the city for investments in commercial property, considering an optimistic business atmosphere, infrastructures par with worldwide standards, and rising economy. No matter what you’re enthusiastic about; purchasing a shop, office, warehouse, or even a commercial land, location has remained one of the most significant aspects of defining business success. Below is a summary of some of the most trending locations in Abu Dhabi that are major destinations for a purchase of retail space, office spaces, warehouse facilities, or a commercial plot. Most Populated Areas For Commercial Properties Buying In Abu Dhabi Abu Dhabi Commercial Property Market There are various business-driven neighborhood communities in this emirate that provide an extensive range of commercial venues for many different types of business ventures. Amongst the major factors, that might be influential in determining locations to be selected are connectivity infrastructure as well as the access to mention a few below. We give some of the prime districts located in Abu Dhabi where commercial property is available for sale. Al Reem Island-Prime Location For Retail, Offices, And Land Al Reem Island is a free-standing landmass located off the northeastern coast of Abu Dhabi. It is one of the most favorite destinations for commercial real estate in Abu Dhabi. This hub is a residence to a number of residential, commercial, and retail developments and is a hub in full development. Its proximity to the mainland along with access to the major areas like Saadiyat Island and Al Maryah Island makes it highly accessible. Generally, most retail investors purchase shops located within Al Reem Island. Currently, AED 1,274.28 is being incurred per square foot, with about an ROI of about 10.35%, in commercial spaces that are housed here. Highly impressive, an attraction for investors would be on an investment prospect within modern structures well exposed with enormous customers as customers. If you’re considering investing in office spaces, Al Reem Island also provides prime options. Offices in this area cost around AED 1,240.02 per square foot, with an average ROI of 8.92%. The island’s commercial towers offer excellent views of the sea, making it a desirable location for businesses looking to create a stunning work environment. This is also a very good investment option for people looking to invest in commercial land. The plot prices vary from AED 221.15 to AED 765.22 per square foot depending on the location and size of the plot. Be it shops, offices, or just land, Al Reem Island is an excellent investment destination. Mohammed Bin Zayed City: Affordable And Accessible For Businesses Another very famous place for the sale of commercial property is on the outskirts of the Abu Dhabi city, called Mohammed Bin Zayed City or MBZ City. Nowadays, this place is in high demand due to its fewer property rates and all nearby important business and residential areas. Another major deal offered at MBZ City includes the reasonably priced retail space it offers for shop buyers. Given an average selling price of AED 278.04 per square foot, it can effortlessly provide shops with attractive returns on investment about 37.60%. In this regard, this location will be apt for small and medium-sized businesses as they seek to acquire budget-friendly retail spaces. Even offices in MBZ City may be acquired with an affordable cost. The average office price of which averages to AED 984.70 square feet with the average ROI amounting to 7.61%. The cost may not compare but the worth that the slightly modest price befits is served well by the benefit considering purchase without necessarily a scale of investing this much amount into this territory. Mussafah: The Warehouse Paradise For anyone interested in industrial or warehouse properties, the place to go is Mussafah. The infrastructure of this area is quite excellent; there are a number of entry points to this area, and all major ports and airports get access here. Being an industrial center of Abu Dhabi, this place is suitable for companies which require space for huge storage or for large manufacturing areas. The Mussafah warehouses have average costs of around AED 164.29 per square foot. The location is very rewarding with a great ROI of 26.08%. Moreover, this would be the perfect location for warehouse investments because companies in logistics, distribution, and manufacturing would do very well there. Abu Dhabi Industrial City (ICAD): Free Zone For Industrial Investments The next most significant area for warehousing investment is Abu Dhabi Industrial City, or ICAD. The space is 40 square kilometers large and was put up purely as an industrial venture. It is ideal for all commercial activities such as manufacturing and logistics. The average price per square foot is AED 113.54 for a warehouse in ICAD, which can be considered to be one of the cheapest industrial cities in Abu Dhabi. The Return on Investment rate for warehouses within this area is as high as 39.21%, that makes it the most attractive among investors looking at investing in the industrial properties of the city. Zayed City-Prime Location For Commercial Plots Some of the favorite choices for the buyers of commercial land in Abu Dhabi would be Zayed City. There are a few commercial and residential developments here, which make it an attractive site for businesses that hope to achieve a foothold in the city center. The average value of commercial plots in Zayed City is about AED 221.15 per square foot. This places the investors at a mean entry price that can reasonably be afforded for individuals who will like to start making purchases of land for their investments. Al Shamkha offers the same offer with other venues such as having commercial plots sold for the average mean price of AED 265.29 for every square foot. And it’s commercially ready to sell, within the range of AED 221.15 to AED 765.22 per square foot on Al Reem Island. Al