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Apartments and flats for sale in Saadiyat Island

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Apartment in Saadiyat Island with a residency permit

The demand for apartments for sale in Saadiyat Island, UAE, among foreign buyers is based on numerous factors. This district's one-of-a-kind position, its role as the cultural hub of the capital, its appeal to tourists and the opportunity for foreigners to secure full property rights make it stand out.

The local real estate market offers cosy studios with well-thought-out layouts, apartments and flats for sale in Saadiyat Island with 1-4 or more bedrooms suitable for both single people and families with children, and prestigious penthouses with private pools and maid's rooms.

Residence permit in UAE by buying an apartment in Saadiyat Island

Foreign buyers of apartments and villas in the UAE can issue a residence permit. Its validity period will depend on the amount they invest in flats for sale in Saadiyat Island:

  • for 2 years — from AED 750,000 ($205,000);
  • for 10 years — from AED 2 million ($545,000).

The investor’s spouse, unmarried daughters of any age, unmarried sons under 25 and staff can get a residence permit in the UAE by buying an apartment in Saadiyat Island. When applying for a 2-year residence status for dependent applicants, the lowest cost of apartments in Saadiyat Island should be AED 1 million ($273,000). The amount of investments does not increase if you obtain a 10-year residence permit for the whole family members.

Applicants for a 2-year visa can only invest in a ready-to-move property in the UAE. After receiving a 10-year residence permit in the UAE through a property investment, you can buy new off-plan properties. Any foreigner participating in the programme can get an interest-free instalment plan with an initial payment of 50% of the cost of housing.

Investment apartment in Saadiyat Island

Why do foreigners choose apartments in Saadiyat Island for investment:

  1. Location. The area is located in near the main tourist attractions and business centres of the capital. The International airport and Abu Dhabi Global Market can be reached in 20-30 minutes, and Dubai is less than an hour away. The island of Yas, which is a famous place for leisure and recreation, is 10 minutes away. Buyers and tenants of flats in Saadiyat Island have easy access to the world's largest indoor theme park, amusement park, Formula 1 track and the largest stadium in the Middle East.
  2. Coastal areas. The island offers numerous white sand beaches such as Saadiyat Beach, Kai Saadiyat Beach and Soul Beach. They are distinguished by first-class amenities, which include areas with sun loungers, changing cabins, coastal clubs and bars. Fans of sports and water activities can go fishing, diving and yachting here.
  3. Infrastructure. The community remains one of the best places for permanent residence and family holidays in the emirate with the long promenade with restaurants, bars and shops, famous 5-star hotels, medical clinics, pharmacies, public transport stops, parks, shopping malls, kindergartens and one of the most prestigious educational institutions in the country.
  4. A wide range of real estate. Developers continue to launch their promising projects in the district that attract wealthy buyers of luxurious housing. They collaborate with famous fashion houses and automotive concerns to create apartment complexes with unique designs and exclusive amenities such as infinity pools, restaurants, spas, 24-hour concierge and valet services.
  5. The tourism industry. The beaches and numerous entertainment opportunities that the island offers are popular with holidaymakers. As a rule, they prefer to rent properties near the coast.

One of the most profitable types of real estate in the area is studios. Their average ROI reaches 8.3% per annum. A 1-bedroom investment apartment in Saadiyat Island can bring 7.2%. Rental income from a 2-, 3- and 4-bedroom apartment for sale in Saadiyat Island is 6.4%, 6.5% and 6.7%, respectively.

The average apartment prices in Saadiyat Island grew by 10% in the first half of 2024. According to experts, local real estate will continue to rise in price, which will provide investors with a guaranteed increase in capital.

FAQ

Can a foreigner buy an apartment on Saadiyat Island?
The island belongs to one of the emirate's freehold zones, so foreigners have the right to buy a flat in Saadiyat Island and own it indefinitely. They can dispose of it at their discretion: sell, lease, change, pass it on, etc.
How to get a residence permit in the UAE for buying an apartment on Saadiyat Island?

Foreigners can buy an apartment in Saadiyat Island and get a residence permit if they meet the following conditions. So, they must:

  • put their money into an overseas property equal to the requirements of the government programme;
  • undergo a medical examination at an accredited Emirati clinic;
  • submit biometrics;
  • submit to the immigration service a list of documents, which include a filled-out application form and a certificate of ownership.
What is the lowest cost of an apartment on Saadiyat Island to obtain a UAE residence permit?
The minimum investment threshold to get a 2-year residence permit is AED 750,000 ($205,000). If the investor plans to include their family members and staff in the application, it is increased to AED 1 million ($273,000). To obtain the status of a resident for 10 years, the value of real estate should not be less than AED 2 million ($545,000).
In which part of the district is it more profitable to buy an apartment on Saadiyat Island?
Pursuing the goal of acquiring local properties, investors should pick up an apartment in Saadiyat Island with a residency permit in coastal locations offering easy access to entertainment venues and important infrastructure facilities such as schools, medical clinics and supermarkets.
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