Abu Dhabi Property
With the recent changes in the law Abu Dhabi property has become a very attractive proposition for overseas buyers. And because of Abu Dhabi’s location, with its close proximity to Dubai and its strategic position to the free zone at Jebel Ali, Dubai airport and the harbour, Abu Dhabi is fast becoming a significant hub for real estate investing.
With rental prices rising at a steady rate of knots in neighbouring Dubai, due in no small part to the recent tourist boom, there was a very real concern about the effects it would have trying to cope with accommodating such an influx of people. It was fast becoming a classic case of high demand but low supply. There was a solution though and that encompassed the inclusion of real estate and property in Abu Dhabi into the equation.
With rising real estate prices in Dubai, Abu Dhabi has become a sound alternative for investors interested in Abu Dhabi property for sale and real estate in general. If you were one of those investors who missed out on Dubai, you shouldn’t pass over the prospect of getting yourself into real estate or the property market in Abu Dhabi.
With so much to offer and at exceptional prices, Abu Dhabi is fast becoming the next Dubai. The Al Raha, for example, is a fine example of a development that is already in existence, although it has to be said that the initial phase of this particular development completely sold out, with every single unit snapped up by locals. Major international as well as local investors were waiting patiently for the new property ownership legislation to be realised and with that approval many expats lined up to invest in the hottest international property market boom of recent years.
the news that the Formula 1 circus is coming to town from 2010, the future
certainly looks rosy for the Abu Dhabi property and real estate market.
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