Why buy property on Saadiyat Island

Saadiyat Island is a popular and promising place for expats to purchase real estate, because it is one of the most attractive areas in Abu Dhabi for recreation, housing and investment. The island is 10 sq. mi in size and is located less than a 10-minute drive from the center of Abu Dhabi. Saadiyat Island has an excellent location that is easy to access by the bridge connecting the island with the mainland of the emirate, and the destination offers unique conditions for cultural development, living, and doing business. We have prepared an article which contains information about the advantages of investing in real estate on Saadiyat Island, and we take a brief look at some of the district’s most popular and newest projects.

Saadiyat Island offers a large selection of real estate for purchase, including apartments, penthouses, duplexes, townhouses, villas and land plots. At the moment, the island is at the stage of intensive development, and in the future developers plan to implement many residential, commercial and entertainment projects that will only increase the popularity of the area among tourists and expats.

The key feature of the destination is that in the future it will become the cultural center of Abu Dhabi. There will be 8 museums in total, including Louvre Abu Dhabi Museum which is currently in operation, and the Sheikh Zayed National Museum of History and the Guggenheim Abu Dhabi museum of modern art which are both yet to open. All of these incredible venues were designed by the winners of the Pritzker Prize, which is a world–famous competition among architects.

Buying a property on Saadiyat Island is a profitable investment that will bring an estimated ROI of 7-8% per annum. Separately, it is worth noting that this year the emirate of Abu Dhabi has recorded the highest rate of growth in rental prices since 2016. As a result, investors can expect higher profits in the future from rental properties, and those who buy during the construction stages can expect a higher resale value. Typically, when buying off-plan properties during the initial stages of construction, the developer offers a lower sale price, and after the construction phases are completed, the sale price increases and can be about twice as high when the project is commissioned.

The future of Saadiyat Island as a cultural and real estate powerhouse remains exceptionally bright. With upcoming projects like the Guggenheim Abu Dhabi nearing completion, the island is poised for another wave of property price appreciation and increased investment interest [3]. The ongoing commitment of the Abu Dhabi government to culture and tourism, as outlined in the Abu Dhabi Vision 2030 framework, ensures continued investment in infrastructure and cultural initiatives .

This sustained development will attract further foreign investment and diversify the property market, solidifying Abu Dhabi’s position as a leading international cultural and real estate hub. For investors, this translates into promising capital appreciation and strong rental returns, particularly in the luxury segments within the cultural districts.

When investing in real estate on Saadiyat Island, investors can apply for a resident or investor visa for 5 or 10 years. This type of visa allows for family sponsorship, including a spouse and children, with the right to extend for a similar period.

Real estate on Saadiyat Island has a high profitability rate as the island is the cultural hub of the capital, attracting a large number of tourists annually. In addition, the UAE is a country with a stable economy and a national currency, in which there is no double taxation, income tax and capital gains, while the process of purchasing, selling and renting real estate is reliably protected at the legislative level.

Highly-skilled specialists at Olena Real Estate will help you to choose and purchase real estate on Saadiyat Island, as well as provide you with a full range of services related to real estate. Our agents will answer all your questions and will help you to understand all the features of investing in real estate on Saadiyat Island and in the other districts of the emirate of Abu Dhabi.