International Property Investment » Abu Dhabi

Supply Not Catching Up With Demand

Mark Knowles — Thu, 10 Dec 2009 14:54:09 +0000

With the current limited supply of residential and commercial units in Abu Dhabi, Al Reem Island and Al Raha Beach come to ease the pressure between supply and demand.

The property market in Abu Dhabi has been the target of much focus since the global financial crisis hit the news. With Plan Abu Dhabi 2030, the government is keen on building up the emirate as a global financial centre by ushering investment into many of its sectors such as infrastructure, energy, education, and real estate amongst others. The aim is to expand the economy and move away from the dependence on oil revenue.

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Abu Dhabi- property investment market

Mark Knowles — Fri, 30 Oct 2009 15:44:28 +0000

Abu Dhabi, the capital and the second largest city in United Arab Emirates, has recently witnessed a series of rapid developments. The economy, which is mainly dependant on hydrocarbons for its economic wealth, has one of the highest GDP per capitas in the world. Abu Dhabi also has the largest share of oil reserves in the UAE; 95% of oil reserves and 92% of the gas. In order to diversify its economy, the UAE government has taken large steps to encourage oil revenue investments in manufacturing, tourism, agricultural and real estate industries to limit its dependence on the finite resource of oil.

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