Strong growth backed by huge pent-up demand, a growing population and liberalization of the real estate sector is expected to keep prices strong in Abu Dhabi for the next 5-7 years – according to a report by EFG-Hermes, a regional investment bank
More on Abu Dhabi Real Estate shows strong short term demand
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.
ALDAR properties, the renowned Abu Dhabi-based property developer, announced today a US$ 600 million Ijara facility, has been put in place for the company.
The Ijara facility is equally financed by Abu Dhabi Commercial, Abu Dhabi National Islamic Finance (a subsidiary of National Bank of Abu Dhabi (the Islamic Banking Division of Mashreq bank psc), Dubai Islamic and Noor Islamic .
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
Both Abu Dhabi and Dubai are currently facing the issue of lack of housing for the local population. It is ironic when you consider the enormous amount of construction that has taken place there over the last few years.
The Middle East continues to bring out new investment property projects. Dubai, Bharain, Abu Dhabi all competing to build the most prestigious property developments in the world. These are some new projects, recently announced.
Gazing into our crystal ball, this is a list of likely overseas property investment markets that should do well in 2008, assuming that the current financial disaster in process in the US does not spread like a disease across the world – which does look like a strong possibility.
Abu Dhabi is closely following Dubai’s recent example, but with a few strong exceptions that are making Abu Dhabi look by far the better investment
prospect:
- Culture. Abu Dhabi already has satellites of the Louvre and the Guggenheim museum with more cultural attractions planned, including a Formula 1 race track complex that dwarfs the Dubai track.
