Top areas to buy studios in Abu Dhabi for under AED 550k

• Top Areas to Buy Studios in Abu Dhabi
• FAQs

Thinking of buying a studio apartment in Abu Dhabi? Current market trends show that you can buy studios in Abu Dhabi under AED 550K. That being the case the time is ripe for investors and home seekers to look for affordable properties in the city.

Read on to find out the areas where you can buy studios in Abu Dhabi for affordable prices.

TOP 5 AREAS TO BUY STUDIOS IN ABU DHABI UNDER UNDER AED 550K

Living in a flat studio is becoming popular in Abu Dhabi. You learn to maximize space and switch to a minimalist lifestyle. Many residents prefer studios as they are fairly low maintenance, both in terms of cost and in the physical effort you have to put in to keep the home in good condition.

Buying a studio apartment in Abu Dhabi is also a viable investment. From the investor’s point of view, they can buy multiple studio flats and generate rental income from multiple sources. In fact, the expected ROI from studios in Abu Dhabi and Dubai paints a positive picture.

The tenants are also often satisfied as they can get a good deal and have plenty of options to choose from. If owning a property in the UAE capital is your goal, here is a list of the top areas to buy studios in Abu Dhabi under AED 550k.

AL REEM ISLAND

Located minutes away from the city centre, Al Reem Island is a residential development that has gained popularity with young professionals. The best thing about living in Al Reem Island is the stunning waterfront views from the apartments. Reem Central Park, which is located nearby and offers a host of fun activities. It’s perfect for a stroll with several restaurants in proximity in case you want to entertain guests and grab a quick bite on the way.

Generally, Al Reem Island properties are in high demand. You can also benefit from this trend by buying studio apartments in Al Reem Island for AED 546k, on average. These units offer an ROI of 8.3%. You can look at the apartment floor plans of Al Reem at MyBayut exclusively.

AL GHADEER

A residential oasis between Dubai and Abu Dhabi, Al Ghadeer is the place to be if you want to live in Abu Dhabi and work in Dubai. Located right on the Dubai-Abu Dhabi border, this mixed-use project offers affordable properties and connectivity to key business points in both emirates, making Al Ghadeer an ideal residential destination for young professionals.

Al Ghadeer also has its very own exciting range of entertainment options, F&B outlets and a community centre with various facilities, making it a self-sufficient community.

Investors looking to buy studio flats in Al Ghadeer should note that the average sales price is AED 352k. So, if you were thinking to buy studios in Abu Dhabi under AED 550K, Al Ghadeer would offer some highly affordable options. Not to mention, these flats offer a 7.9% ROI. You can look at Al Ghadeer floor plans to have a clearer idea about design and space.

MASDAR CITY

Next up on the list of top places for buying a studio apartment in Abu Dhabi under AED 550k is Masdar City. Take a look at apartment floor plans in Masdar City before making the inquiry call.

Known as the world’s most sustainable community, Masdar City offers a healthy and urban lifestyle for its residents. Properties constructed here use green building materials and are powered by clean energy.

Most restaurants and shops in Masdar City are within walking distance from the residential buildings. Frequent travellers will be pleased to know that Abu Dhabi International Airport is just 10 minutes away.

The latest Bayut data reveals that there are several studio apartments for sale in Masdar City for AED 504k, on average. The ROI for these flats stands around 7.8%.

AL MARYAH ISLAND

Those thinking of buying a studio apartment in Abu Dhabi can also check out Al Maryah Island. This beautiful neighbourhood offers an ideal mix of commercial, leisure, retail and commercial developments. Also, the area has a thriving business community and many employees prefer to live close to their workplaces. Al Maryah Island also houses a wide range of top restaurants and the serene Abu Dhabi beaches aren’t far away either. The Galleria, Al Maryah Island hosts events around the year, so you can expect lots of excitement and buzz.

The average price of studio flats for sale in Al Maryah Island is AED 502k. Having a look at the apartment floor plans in Al Maryah Island can give you an idea of what to expect when you visit.

AL REEF

The last entry on our list of best places for buying a studio apartment in Abu Dhabi under AED 550k is Al Reef. The serene environment and proximity to hotspots like Yas Island, Al Raha Beach and Khalifa City are some benefits of living in Al Reef. The neighbourhood has a collection of parks, health clubs, educational and medical amenities, making it a self-sufficient community. The average prices for studios for sale in Al Reef stand at AED 455k and the ROI offered is approximately 8.6%. Take a look at the apartment floor plans for Al Reef, so you can compare it with apartments in other areas, from the comfort of your home.

FAQS

WHAT WAS THE PANDEMIC’S IMPACT ON THE ABU DHABI PROPERTY MARKET?

Like other industries, 2020 was a challenging year for the Abu Dhabi real estate market. Nevertheless, there was a quick recovery. The number of people looking to buy apartments in Abu Dhabi has risen significantly and most future market indicators are positive. Hence, this might be the right time to invest.

SHOULD I BUY A PROPERTY ON CASH OR SEEK A MORTGAGE?

This perhaps is the most commonly asked question, and both approaches have their own set of advantages and challenges. You can read our detailed analysis about cash vs mortgage to get a clearer picture.

That was our round-up of the best places to find studios for sale in Abu Dhabi under AED 550k. If you are looking to explore the capital city’s property market further, here’s a list of the best areas to buy 1-bed apartments in Abu Dhabi for under AED 900k. With such high demand, investing in buying properties in Abu Dhabi will eventually prove to be a positive investment.

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