In the past week, my family and I have been getting reacquainted with Abu Dhabi. Because we arrived two weeks later than planned, the kids have had to jump into school 36 hours after arriving and I've had to start work. Essentially, my job has been finding an apartment and getting settled as quickly as possible. My previous job provided a place to live with the option of finding your own place. For my new job, I am just given money to find my own place. The upside is that I get to choose where I live, but the downside is that I have to navigate the Abu Dhabi real estate market.
We did some scouting before the summer break to see what was available. Prices have come down a lot in the past few years with all of the development. That was good news for us and we were looking forward to arriving after the summer break and having apartment owners lining up to offer us a place to live. Despite that being the expectation we were given, that ended up not being the case. To be fair, the prices before summer had set our hopes fairly high. Arriving well into the apartment hunting high season didn't help, either.
Given only two weeks to find a place, complete the paperwork, and arrange to move our worldly possessions out of storage into the apartment, we have been in a time crunch. My wife had very specific criteria and wanted it for the prices that we had grown to expect. Luckily for us, my wife's being picky worked out for us.
Eventually, we were given the contact number of an estate agent used by a friend. The agent deals directly with the owners so the prices are a bit lower. We were able to find a spacious apartment in the Al Raha Beach area for a price that was a lower than the other places that we had been looking at. It is a spacious apartment with a private beach and cafes and shopping within walking distance. There is a swimming pool and private gym.
If this sounds slightly shady, that's because it is. In the several months ago, there were 70 families that were facing eviction because of real estate fraud in Dubai. Even as recently as two weeks ago, more cases have come to light. All of them seem to be similar to what I am doing. To ease my mind, my friend who got a great deal on an apartment recapped his experiences. The main protection was that the checks were made out to ALDAR which is the major management company in Abu Dhabi. Also, I did some research and found this article from a few years ago that gave some advice to avoid fraud.
Assuming that we don't get scammed, we should be in our new place by this time next week. Assuming we DO get scammed, we'll be living in a one bedroom apartment on Hamdan street.
Tha Al Raha Beach area. |
Given only two weeks to find a place, complete the paperwork, and arrange to move our worldly possessions out of storage into the apartment, we have been in a time crunch. My wife had very specific criteria and wanted it for the prices that we had grown to expect. Luckily for us, my wife's being picky worked out for us.
Eventually, we were given the contact number of an estate agent used by a friend. The agent deals directly with the owners so the prices are a bit lower. We were able to find a spacious apartment in the Al Raha Beach area for a price that was a lower than the other places that we had been looking at. It is a spacious apartment with a private beach and cafes and shopping within walking distance. There is a swimming pool and private gym.
If this sounds slightly shady, that's because it is. In the several months ago, there were 70 families that were facing eviction because of real estate fraud in Dubai. Even as recently as two weeks ago, more cases have come to light. All of them seem to be similar to what I am doing. To ease my mind, my friend who got a great deal on an apartment recapped his experiences. The main protection was that the checks were made out to ALDAR which is the major management company in Abu Dhabi. Also, I did some research and found this article from a few years ago that gave some advice to avoid fraud.
Assuming that we don't get scammed, we should be in our new place by this time next week. Assuming we DO get scammed, we'll be living in a one bedroom apartment on Hamdan street.