Abu Dhabi properties are like hot cakes in the world of who’s who! Or may even in the world of those who are not that who’s who! And to the question why it is so, there are many answers! The first and the foremost is the undeniable fact that Abu Dhabi is the richest Emirates among the seven Emirates of Unites Arab Emirates. To breathe the air of this richest Emirate is a privilege to almost all who are residing there or planning to relocate there.
In 2008, the GDP of this Nawabi state was Dh 17.548 million for wholesale and retail market while total GDP of the Emirate for 2008 was Dh 520 billion. This speaks volume about the affluency of this region and the overall healthy state of affairs. Since the real estate burst of Dubai in 2007, the attraction for properties and villas in Abu Dhabi has increased millions fold. The steady and measured socio-economic strategies of the government have put this Emirate on the high paddle of growth and development. A liberal economy and the blue waters of Arabian Gulf have added to its charms that few can resist.
Deemed as cultural hub of the Middle East, Abu Dhabi has many educational, cultural and art educations to attract many residential and institutional investors. Though, the economic growth of this richest Emirate may seem meteoric, it is a result of relaxation in hitherto stringent policies driven by Monarchy. Now, that the surplus of oil revenues encourages government to change regulatory and legal policies, individual and institutional investors are more attracted to Abu Dhabi properties such as villas in Abu Dhabi. The new relaxed laws allow private sector to undertake both commercial and residential property developments in Abu Dhabi instead of specialized government agencies. Developments such as ‘Al Reem Island’, ‘Al Raha Beach’ and ‘Saadiyat Island’ are testimonies to this liberal economic stand that the government has taken in a world without boundaries.
In 2008, the GDP of this Nawabi state was Dh 17.548 million for wholesale and retail market while total GDP of the Emirate for 2008 was Dh 520 billion. This speaks volume about the affluency of this region and the overall healthy state of affairs. Since the real estate burst of Dubai in 2007, the attraction for properties and villas in Abu Dhabi has increased millions fold. The steady and measured socio-economic strategies of the government have put this Emirate on the high paddle of growth and development. A liberal economy and the blue waters of Arabian Gulf have added to its charms that few can resist.
Deemed as cultural hub of the Middle East, Abu Dhabi has many educational, cultural and art educations to attract many residential and institutional investors. Though, the economic growth of this richest Emirate may seem meteoric, it is a result of relaxation in hitherto stringent policies driven by Monarchy. Now, that the surplus of oil revenues encourages government to change regulatory and legal policies, individual and institutional investors are more attracted to Abu Dhabi properties such as villas in Abu Dhabi. The new relaxed laws allow private sector to undertake both commercial and residential property developments in Abu Dhabi instead of specialized government agencies. Developments such as ‘Al Reem Island’, ‘Al Raha Beach’ and ‘Saadiyat Island’ are testimonies to this liberal economic stand that the government has taken in a world without boundaries.
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