Property in Abu Dhabi

Property prices in Abu Dhabi (the capital and second largest city in the UAE) have been predicted by the HSBC Middle East Bank to soar. Land costs have jumped from an average of Dh2,000 per square metre in 2006 to between Dh3,500 and Dh5,000 per square metre today.

It has been labelled the richest city in the world and is located in the centre of the northern part of the United Arab Emirates. The city lies on a T-shaped island jutting into the Persian Gulf – less than 250 metres from the mainland. An estimated 1.8 million people currently live there, approximately 80% of them are expatriates.

Like its neighbour Dubai – and much of the Middle East – it is experiencing exponential growth in property development.  Like much of the rest of the world, waterfront properties are proving to be the most expensive, and lucrative, in terms of investment.

Developers are currently turning large swathes of coast into prime waterfront locations, and in so doing are creating attractions for not only tourists but residents alike. With demand outstripping supply above that of any other property market in the world Abu Dhabi represents one of 2008’s most savvy property investmests.

Please follow the link to view available property on Reem Island