Off Plan Townhouses for Sale in Abu Dhabi – Buy Off Plan Townhouse in Abu Dhabi

Learn More About Off-Plan Townhouses for Sale in Abu Dhabi

Abu Dhabi's real estate market has been buzzing with a growing interest in off-plan properties, and off-plan townhouses have emerged as one of the most attractive investment opportunities in the city. But what exactly are off-plan townhouses, and why are they becoming increasingly popular? Since you have reached this page, we believe you are probably in search of more information about off-plan townhouses. Let's get familiar with them in depth.

What Are Off-Plan Townhouses?

Off-plan townhouses are houses for sale prior to their construction or completion. You purchase a house based on architectural plans, blueprints, and project schedules. Investors prefer such houses since they are cheaper than completed or ready-to-move-in houses.

When purchasing an off-plan townhouse, you sign a legal agreement with the developer to buy the property once it is finished. In most cases, buyers can make payments for instalments throughout the construction, which can ease financial pressure. 

Why Invest in Off-Plan Townhouses in Abu Dhabi?

Here are a few reasons why it is ideal to consider off-plan townhouses in Abu Dhabi:

Lower Initial Cost

As mentioned earlier, off-plan properties are priced lower than completed homes. Buyers may secure better deals than the market value of similar properties once built.

Potential for Capital Appreciation

As the development progresses, the townhouse's value may increase, especially if the project is in a high-demand location.

Flexible Payment Plans

Developers offer flexible payment plans that allow buyers to pay for instalments throughout the construction period. These plans make it easy for investors who may not have the full amount upfront but want to lock in a property early.

Customisation Options

At times, off-plan buyers can select finishes and alterations to customise their townhouses. For instance, they can select types of floors, kitchen fittings, and exterior colours. Such an opportunity makes the property feel more like a real home for the buyer.

Brand-New Property

Off-plan townhouses are new, so you will not have to contend with the wear and tear that comes with old houses. Everything is new and modern, which is particularly attractive for buyers looking for a long-term investment.

Market Trends for Off-Plan Townhouses in Abu Dhabi

The Abu Dhabi property market has changed in the last couple of years, specifically in the off-plan property market. The emirate in 2023 had more than 14,000 real estate deals worth about AED 44 billion, of which more than 10,000 were off-plan transactions worth AED 35.6 billion. It is an incredible 95% rise in off-plan deals and 174% in value from 2022.

The upward trend continued into 2024. In the first quarter, Abu Dhabi's real estate market saw nearly AED 10.64 billion transactions. Sales accounted for AED 6.24 billion from 1,730 deals, while mortgages contributed AED 3.89 billion across 756 transactions.

The average prices of townhouses in Abu Dhabi are:

Large-scale projects, such as Al Reem Island, Saadiyat Island, and Yas Island, are expanding, with off-plan properties often released in these rapidly developing areas. These locations offer great potential for long-term value growth, so they have become popular for townhouse developments.

A Step-by-Step Guide to Buying Off-Plan Townhouses

We have broken down the off-plan buying process into simple steps to make the process much easier for you. 

Research Developers and Projects

Research developers and the particular townhouse project before you commit to any project. Research for reputable developers with a track record of delivering projects on time and quality.

Understand the Payment Plan

Developers provide payment plans based on construction milestones. For instance, as various construction milestones are met, you may pay an initial deposit, followed by instalments. Make sure you understand the terms before signing.

Review the Contract

This is where you should be particularly careful. Read the contract of sale thoroughly to know the project timeline, delay penalties, and other key clauses.

Secure Financing

Although you may pay in instalments, most buyers use financing. Check with local banks for home loan availability for off-plan purchases, and make sure you are eligible for the loan.

Final Inspection and Handover

Once construction is complete, you will have the opportunity to inspect your new townhouse. Make sure everything is in line with what was promised and that any requested modifications have been completed.

Costs Associated with Buying Off-Plan Townhouses in Abu Dhabi

You need to consider a few costs beyond the property's price. They are:

Initial Deposit: A deposit of approximately 5-20% as an upfront payment at the time of signing the contract.

Property Registration Fees: You must pay the registration fees once the townhouse is completed and ready for handover. It is around 2-4% of the purchase price.

Maintenance Fees: Many off-plan developments charge annual maintenance fees. They cover the cost of communal services and upkeep of the property. These fees range from AED 15 to AED 30 per square foot.

Challenges and Risks of Off-Plan Investments

Here are a few challenges to be aware of before investing in off-plan townhouses:

Delays in Construction: Construction timelines can sometimes slip. You may not be able to move into your townhouse as quickly as planned.

Market Volatility: Off-plan properties can appreciate,  but there's always the risk that market conditions will change. They may affect the value of your property.

Developer Reliability: Not all developers deliver on their promises. Ensure you work with reputable developers with a solid track record of completing projects on time and to the agreed-upon specifications.

Why Choose Betterhomes for Seamless Property Buying?

Working with a reliable real estate agency can make all the difference. Betterhomes is one of the leading names in Abu Dhabi's property market, offering expert guidance, a wealth of experience, and access to exclusive off-plan projects. With Betterhomes, you can ensure a smooth purchase process from start to finish.

Begin Your Investment Journey Today

Abu Dhabi offers some of the region's most promising real estate opportunities, and off-plan townhouses are a great way to tap into this market. 

If you are ready to explore off-plan townhouses for sale in Abu Dhabi, don't hesitate to contact us. Our team of experts will guide you through the market and find the perfect townhouse that suits your needs.