Finding somewhere affordable to live in Abu Dhabi is an unenviable but not impossible task. If you are on a tight budget, then apartments on Saadiyat Island and Yas Island might be out of your price range. To guarantee that you’ll get more bang for your buck, you’ll need to head out of the city. The interest shown by a number of large corporate groups in the segment of affordable housing in Abu Dhabi is likely to facilitate timely delivery of projects, which remains a nagging issue in the realty sector. Find below a list of the most affordable communities in Abu Dhabi to rent a furnished 1-bedroom flat today.
The demand for affordable housing in the UAE is huge. Al Ghadeer is a community strategically located within the investment zone of Seih Sdeirah, on the border between Abu Dhabi and Dubai. The area is part of the list of the most desirable places for rent in Abu Dhabi in terms of affordable housing. This property in Al Ghadeer is priced within the range of average prices for furnished 1-bedroom apartments, at AED 58,000.
Al Shamkha is conveniently located very close to Abu Dhabi International Airport. It has been recently developed into a built-up urban area experiencing impressive property growth. The lowest furnished 1-bedroom rental in the area is currently priced at AED 65,000.
Beach Rotana Tourist Club Area
To its residents’ advantage, the neighbourhood is located just walking distance away from Abu Dhabi Mall. Average rents in the area are currently around AED 70,000, while the lowest-priced 1-bedroom apartment is priced at AED 67,000 per year.
If you are looking for centrally located accommodation in the heart of the city, then Hamdan Street is an ideal location. 1-bedroom apartments are averaging at around AED 68,000; price matching the cheapest rental in the area at the moment.
Al Reem Island
Al Reem Island is one of the first free zones in Abu Dhabi; a world-class waterfront development built on a natural island. Properties in the area are priced on average at AED 85,000, while the least pricey comes in at AED 79,000.
Even the lowest priced accommodation in Abu Dhabi may still seem costly compared to what is considered “reasonable” in other parts of the world. A closer look at the most affordable projects, from an investor’s perspective, indicates several challenges. In spite of their price advantage, most of these projects are located on the outskirts of cities and in far out areas meaning that the absorption in these projects could remain low, despite the demand for affordable housing.