For buyers with a medium- to long-term outlook, Abu Dhabi represents one of the best opportunities for investment in the world, says Asteco. Both Asteco and Jones Lang LaSalle base their optimism on its strong fundamentals of a growing population, an undersupply of quality housing and a government committed to infrastructure investment, economic diversification and job creation.
Asteco is the agent for Al Bandar, Raha Beach, a high-quality residential community comprising studios and apartments, with one to four bedrooms, all with sea and marina views from the balcony or terrace. Facilities include three pools, tennis courts, gyms, saunas and squash courts. The location affords easy access to Abu Dhabi International Airport and to Yas Island, with its wide selection of dining and leisure options.
The development will be handed over from this month. Prices range from 825,000 dirhams (HK$1.73 million) for a studio (589 sqft) to 4.9 million dirhams for the largest apartment (3,519 sqft). Marina berths are also available, from 15,000 dirhams per year. Rental yield is about 8 per cent.