Abu Dhabi is expected to have nearly 9,000 new units that are projected to be delivered in 2024, with around 8,000 slated for 2025, as per a market report by Reidin.
The UAE capital’s residential capital values will rise between 3 to 5 per cent in 2024, noted ValuStrat in its quarterly report. This steady growth is underpinned by a strategic phase of expansion. This year, they also anticipate that freehold villa communities, in particular, will see modest increases while apartment prices will remain stable, it added.
Abu Dhabi’s real estate offerings
The new year could also witness an increase in the number of homeowners, attributed to lower mortgage rates.
“Lower mortgage rates in 2024 could motivate aspiring homeowners to embrace ownership, potentially leading to a boost in mortgage transactions while off-plan transactions decelerate,” noted the report.
In terms of residential rents, both villa and apartment sub-markets could also achieve modest gains. This reflects the sector’s overall positive momentum, noted ValuStrat.
Abu Dhabi, continues to elevate its landscape with some of the most opulent real estate projects in the world.
According to Bayut, sales prices for luxury apartments and villas in Abu Dhabi’s premier neighbourhoods have increased by as much as 13 per cent in 2023.
To showcase this, Whitewill, the international luxury real estate agency serving developers and partners across the UK, US, and UAE markets, highlights seven upcoming residential projects to watch out for in Abu Dhabi.
From Saadiyat Island to Yas Island, the upcoming luxury projects in the capital city promise an exclusive lifestyle with a competent investment avenue.
SHA Residences, Al Jurf
Set to be handed over in 2026, SHA Residences blends luxury and wellness with the sea-side setting in Al Jurf.
With prices starting from Dhs4.6m for apartments and soaring to Dhs29.9m for villas, this development offers a variety of living options from cosy apartments to expansive three-level villas. Each residence combines elegance with environmental consciousness, utilising materials like marble, stone, and local woods.
The villas boast private swimming pools and landscaped gardens, ideal for those seeking a serene escape. Beach Villa residences offer direct bay access, perfect for ocean lovers.
Reem Hills, Al Reem Island
Reem Hills – a gated community is scheduled to handover apartments in Q2 2027. This project features a two-phase development of apartments and villas across six buildings unified by a shared podium and a design philosophy that layers living spaces with verdant touches.
Residents can choose from a variety of homes, including 1, 2, and 3-bedroom apartments, as well as larger 5 to 7-bedroom villas and 3-bedroom townhouses.
The upcoming complex will host a range of amenities such as a rooftop pool, lush gardens, indoor retail spaces, and sports facilities, including a tennis court and a state-of-the-art gym, complemented by a sauna and steam room for post-exercise relaxation.
Mayyas at the Bay, Yas Island
Slated for handover in Q4 2026, Mayyas at the Bay is an apartment complex with units starting from Dhs846,000. This 270-lot development spans eight stories, showcasing a minimalist architectural style with a multi-level façade that subtly mimics the silhouette of a ship.
Residents have a range of living options, from cosy studios to spacious one to three-bedroom apartments and larger two or three-bedroom townhouses, all finished with the best materials in the market.
The complex is equipped with a temperature-controlled swimming pool, a modern playground for children, and a well-appointed gym, offering a comprehensive lifestyle without ever needing to leave the comfort of home.
Ramhan Island
Scheduled for handover in Q4 2026, Ramhan Island is a natural island development off the coast of Abu Dhabi, with prices starting at Dhs12.8m. This ambitious project features a global consortium of builders from the US, Belgium, Canada, and the UK.
The development is segmented into four luxurious sub-communities: Marine Island Villas, Breeze Island Villas, Cove Island Villas, and Views Island Villas.
With 120 hotel rooms, 120 serviced residences, 900 apartments, and 1,800 private villas, Ramhan Island offers a variety of living spaces, including exclusive villas with three to seven bedrooms in eight distinctive styles.
Each villa features luxurious amenities such as private swimming pools, jacuzzis, gardens and direct beach access, ensuring a premium living experience.
Gardenia Bay, Yas Island
Gardenia Bay, expected to be completed by Q2 2027, offers a refreshing approach to urban living with its low-rise buildings priced from Dhs910,000. Situated on Yas Island, the development mirrors the curves of the coastline with sand-coloured facades that harmonize with the natural environment.
Residents can choose from studios to three-bedroom apartments, enjoying amenities like a co-working area, spa, gym, tennis courts and a cinema within a breathtaking landscape park.
The Source, Saadiyat Island
The Source, scheduled for handover in Q4 2026, is an upscale 9-storey residential complex with two buildings that together offer 200 apartments at prices starting from AED 2,600,000. Residents can enjoy spectacular views of the Zayed National Museum and the dancing fountains area, enhancing the aesthetic appeal of their living space.
Apartments are available in 1, 2, or 3 bedrooms, finished in either light or dark themes using environmentally friendly materials and adorned with artistic elements.
The Source is designed to cater to those who value privacy and a focused lifestyle; it offers a rooftop garden with yoga and meditation areas, an infinity pool on the podium floor for relaxation, and a fully equipped gym and fitness centre for health enthusiasts. Families will appreciate the children’s play club, providing a safe and fun environment for kids.
These developments, among other in Abu Dhabi promise state-of-the art amenities combined with lifestyle that blends nature, culture, and access to domestic and international locations, says Whitewill. Each project positions Abu Dhabi as a global destination providing world-class living experiences.
For a detailed perspective on the property market, visit: Abu Dhabi - Real Estate Review Q1 2024
