Abu Dhabi’s property market will continue to remain buoyant through 2016 due to its strong growth potential and rise in demand for such high end luxury golf villa properties, said a leading global real estate expert.

Globally, golf communities are high in demand due to their exclusivity and luxury appeal. They are popular with senior executives and businessmen who can afford an exclusive lifestyle, stated
Chestertons, the international property agency established in 1805.

The company recently previewed two high-end properties namely Al Raha Golf Gardens and Abu Dhabi Mangrove Suites aimed at the local Emiratis and high net worth expats.  

A four-bedroom townhouse villa at Al Raha Golf Gardens starts from Dh4.27 million ($1.16 million) and a six-bedroom executive villa is priced at Dh12 million. The rentals at the same property are in the range of Dh220,000 to Dh450,000 per year. Rentals at Abu Dhabi Mangrove Suites are from Dh175,000 to Dh320,000 per year.

"Golf course communities offer a unique proposition to its residents by providing an opportunity to reside in an upscale address surrounded by beautiful views of a manicured golf course," stated Declan McNaughton, the managing director, Chestertons.
 
According to him, the UAE capital’s property market will be buoyant through out next year due to its strong growth potential and rise in demand for such high-end villa properties.

"Its real estate sector provides signs of stabilisation, with an average four per cent quarterly rental growth," he noted.

McNaughton pointed out that the villa sales prices remained stable in 2015, along with the recent launch of several new projects in Saadiyat which witnessed good demand.

Abu Dhabi, he stated, has certainly become a regional golfer’s destination with world class golf clubs.

On an average the villa prices in Al Ghadeer area is around Dh2.3 million, Al Raha areas touch Dh12 million, a villa in Al Reef will start from Dh7 million and areas such as Khalifa City and Saadiyat Island will be in the range of Dh15.3 million.

"Such high end properties are in short supply, therefore, demand will continue to grow in the coming years till the new projects are handed over," remarked Drica Rodrigues, the head of Abu Dhabi Agency, Chestertons.

According to Rodrigues, Abu Dhabi offers some of the best rental returns in the country and is one of the safest places for property investment.

"The developer’s perception about the property market is set to be optimistic as new developments were launched primarily in Reem, Yas and Saadiyat Islands. This fosters confidence for the buyer into the market as more options are now available over time," he added.-TradeArabia News Service