Abu Dhabi

The rules relating to property ownership have recently been relaxed to allow foriegners to buy property on a leasehold basis - currently only apartments are being offered for sale. 

For those who didn't manage to get on the Dubai property ladder, Abu Dhabi (about and hour and a half from Dubai) could be a great opportunity.  The level of investment in the area is incredible as are some of the facts about the UAE's capital city:  Aldar Properties advisor Christopher Sims told the City Expansion conference in Abu Dhabi that the emirate plans Dhs1 trillion, or $270 billion, in new construction projects!

Furthermore, 2009 will see Abu Dhabi hosting its first Grand Prix.  'A Formula 1™ Grand Prix is one of the world's most prestigious sporting events, in the same category as an Olympic Games or World Cup, and is unrivalled in terms of continuous global resonance. That is why this new partnership is such an exciting one for Abu Dhabi and the entire UAE,' said His Highness Sheikh Mohammed Bin Zayed Al Nahyan.

'For Abu Dhabi, and indeed the whole of the UAE, the opportunities that are presented by increased international attention and connectivity will deliver very real macroeconomic benefits.'

Abu Dhabi, the capital, and largest of the seven Emirates that make up the United Arab Emirates, will provide an idyllic location for one the world's most popular sport. With over 200 natural islands, offering some of the most untouched beaches in the region, it is fast becoming one of the most sought out destinations in the world. 

See more information at : http://www.abudhabigp.com/english/

Check out Property in Abu Dhabi

21st June 2007

Back to Home Page