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.
UAE-based developer Tamweer is to lay off around half of its workforce amid the meltdown in the Dubai real estate market caused by the global financial crisis. Tameer last week handed redundancy notices to around 180 of their 350 employees stating that Dec. 31 would be their last day at work.
The Abu Dhabi-based real estate pioneer’s new projects at the City of Lights claim a holistic living environment by employing futuristic smart home technology and eco-friendly space management.
Hydra properties, a UAE real estate developer, today announced the launch of two new projects – Hydra Avenue Towers and Hydra 55 Towers.
RAKAA Properties, one of the region’s preeminent real estate companies, has announced the selling of 70% of the Dynasty Tower and 55% of Falcon Crest Tower, two of the company’s signature projects situated in the prestigious Al Reem Island, Abu Dhabi.
More on Abu Dhabi Property Growth Stimulus RAKAA Sells 70% of Dynasty Tower
