Abu Dhabi is booming as a residential destination. Victor Besa / The National
Abu Dhabi is booming as a residential destination. Victor Besa / The National
Abu Dhabi is booming as a residential destination. Victor Besa / The National
Abu Dhabi is booming as a residential destination. Victor Besa / The National

Why Abu Dhabi is becoming more attractive for millionaire investors


Nick Webster
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Millionaire investors are looking towards Abu Dhabi for long-term investments, according to data that shows the capital is home to the highest number of luxury properties on sale in the UAE.

Analysis by real estate developers Bloom Holding found the highest property price growth between 2020 and 2025 was in Abu Dhabi, with the capital having 352 homes for sale valued above $1 million.

Abu Dhabi recorded year-on-year growth of 202 per cent in the last five years, with 8,490 properties on sale increasing in value.

Low taxes and substantial sovereign wealth, along with high living standards, were listed as significant factors in attracting ultra-high-net-worth individuals to choose Abu Dhabi for long-term property investments.

A bright future

Asad Khan, chief executive of Invest Dubai Real Estate, said Abu Dhabi is becoming a more attractive option for investors.

“With all the government bodies based there, as well as sectors like technology, healthcare, finance and renewable energy all setting up, the bigger players are coming into Abu Dhabi,” he said.

“There's a lot of investment coming into the area, not only from the government but also from the private sector.

“I feel that the future is very, very strong in terms that the entry price is a lot lower in Abu Dhabi – even within the luxury market.”

Asad Khan, CEO of Invest Dubai Real Estate, says Abu Dhabi is the place to be. Photo: Supplied
Asad Khan, CEO of Invest Dubai Real Estate, says Abu Dhabi is the place to be. Photo: Supplied

“Abu Dhabi is getting more people coming into that space only because, the entry price is a lot lower,” said Mr Khan.

“You're getting a lot more for your money, both on the commercial side and also on the residential side.”

One UAE resident looking to invest in Abu Dhabi is Kevin Goodall, who lives in Dubai with his wife and four sons.

Mr Goodall sold his IT business last February and moved to Dubai to rent a family villa in Arabian Ranches in August. He has already purchased off-plan in a luxury development in Dubai, but is now looking towards Abu Dhabi for opportunities.

“I will probably be looking to invest around Yas Island or anywhere near where Disneyland is being proposed,” he said.

“Investing in Abu Dhabi is more of a diversification tactic. Obviously it is very different to Dubai, and they've both got very different appeal.

“There are a lot of attractions there like the F1, theme parks and Disney which is definitely appealing. Investing there is more a strategic tactic.”

Population growth

In a decade, Abu Dhabi’s population has grown 51 per cent, rising from 2.7 million in 2014 to over 4.1 million in 2024.

In the first three months of 2025, total real estate transactions in Abu Dhabi grew by 34.5 per cent compared with the same period in 2024, climbing from Dh18.82 billion to Dh25.3 billion.

Figures from the Abu Dhabi Real Estate Centre showed the number of property deals made in that quarter increased from 5,773 to 6,896.

Mortgage transactions also recorded strong growth in Abu Dhabi, reaching Dh9.8 billion through 3,077 transactions – a 49 per cent year-on-year increase.

“Abu Dhabi Vision 2030 is a comprehensive long-term plan that aims to transform the emirate into a diversified, sustainable, and globally integrated economy,” said Arun Bose, director of the International Real Estate & Investment Show that takes place in Abu Dhabi in September.

“At the heart of this vision is real estate development, which plays a pivotal role in shaping the future of urban living, economic growth, and social infrastructure.

“The strategy focuses on creating vibrant, liveable communities supported by smart infrastructure, green spaces, and world-class amenities.

“With investments pouring into mixed-use developments, waterfront districts, cultural hubs, and high-tech business zones, Abu Dhabi is positioning itself as a real estate powerhouse in the region.”

The specs

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Jetour T1 specs

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Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The specs

Engine: Dual 180kW and 300kW front and rear motors

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The Brutalist

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Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

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57%20Seconds
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Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
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Schedule
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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

The specs: Macan Turbo

Engine: Dual synchronous electric motors
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On sale: Deliveries start in October

Updated: July 23, 2025, 5:37 AM