Abu Dhabi has no annual property tax, no capital gains tax on sale and no income tax on rent received. That is genuinely unusual, and it is one of the reasons the city draws buyers who might not consider a second property in London or Sydney. It can also lead people to assume that ongoing costs are close to zero, which they are not. As one of the top real estate agencies in Abu Dhabi, betterhomes sees this gap between expectation and reality regularly, so this guide sets out what you will pay at purchase and every year after.
...continue reading "What an Abu Dhabi apartment really costs: at purchase, and every year after"