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Reasons to buy Property in Saadiyat Island

What makes buying real estate on Saadiyat Island a lucrative investment?

Five years ago, Saadiyat Island emerged as a promising destination for real estate investment, increasingly drawing the attention of investors worldwide. According to the 2021 Abu Dhabi Property Sales Market Report by Bayut & dubizzle, the capital has now secured the position of the third most sought-after area in the Emirati capital for luxury apartment sales. The influx of investments into Abu Dhabi experienced a notable surge, nearly reaching a 50% growth from January to April 2022 compared to the same period in the previous year, thanks to the allure of Saadiyat Island.

Saadiyat Island offers a spectrum of housing options, ranging from affordable apartments to high-end residences. Notably, the latter category enjoys greater popularity among buyers. As of the conclusion of 2021, the average selling price for real estate on the island stood at AED 1,500 (USD 400) per square foot. In this article, we will delve into the reasons why foreign investors find the prospect of acquiring properties on Saadiyat Island particularly appealing.

Location


Saadiyat Island enjoys close proximity to key tourist attractions and business hubs in the Emirati capital. Abu Dhabi International Airport and Abu Dhabi Global Market are reachable within 20–30 minutes, and Dubai is less than an hour away.

Yas Island, a prominent entertainment destination popular among tourists, is just a 10-minute drive away. Here, you’ll find:

• Ferrari World, recognized as the world’s largest indoor theme park dedicated to Ferrari cars.

• Warner Bros. World, a sprawling amusement park spanning 1.65 million square feet, dedicated to iconic characters from Looney Tunes, DC, and Marvel.

• Formula 1 Yas Marina Circuit.

• Etihad Arena, the Middle East’s largest stadium with a capacity of up to 18,000 people.

Exclusive Coastal Areas


Saadiyat Island boasts numerous opulent white sandy beaches, including Saadiyat Beach, Kai Beach Saadiyat, and Soul Beach. Each of these pristine locations features top-tier infrastructure and facilities, offering designated areas for sunbathing and relaxation complete with amenities such as sun loungers, cabanas, beach clubs, and bars. Additionally, a footbridge and a promenade along a marina enhance the scenic experience. For enthusiasts of sports and aquatic activities, these beaches provide opportunities for fishing, scuba diving, yachting, rowing, and various other water sports.

Established Infrastructure


Saadiyat Island stands out as an ideal destination for permanent residency or family vacations, featuring a charming promenade adorned with restaurants, bars, and retail outlets. The residential communities seamlessly integrate with five renowned five-star hotels, such as The St. Regis Saadiyat Island Resort and Rixos Premium Saadiyat Island.

The island is home to some of the country’s most prestigious educational institutions, including renowned schools like Cranleigh Abu Dhabi and Theodore Monod International French School. Additionally, the acclaimed New York University Abu Dhabi offers a diverse range of 25 major study programs.

For sports enthusiasts, the Saadiyat Beach Golf Club, housing an impressive 18-hole golf course, provides an active and engaging experience. Meanwhile, those with a love for the sea can indulge in the offerings of beach clubs and a state-of-the-art marina.

Distinctive Residential Properties


Premium real estate buyers show significant interest in Saadiyat Island. The introduction of exceptionally luxurious projects on the island has become a key factor attracting foreign investors to this region. Notably, the Louvre Abu Dhabi Residences by Aldar, representing the world’s first residential complex under the globally renowned museum brand, has gained popularity among investors. The initial phase of Louvre Abu Dhabi Residences was completely sold out within a week of its launch.

Thriving Tourism Industry


Saadiyat Island, renowned for its top-notch entertainment infrastructure and cultural amenities crucial for the country, enjoys widespread popularity among tourists. This popularity creates promising prospects for local property rentals. Currently, the Return on Investment (ROI) on Saadiyat Island stands at 7% per year.

Investors have the flexibility to explore both long-term and short-term rental options. With the ongoing development of the island, the value of local real estate is on a consistent rise. This indicates that property owners will consistently have the opportunity to sell their properties under profitable terms.

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