Real Estate Boom inspires Abu Dhabi property developers

A bit of background to Abu Dhabi; the Capital of United Arab Emirates and the largest Emirate. Since Abu Dhabi is an emerging market there will be capital appreciation potential to be made for investors who buy developments at the initial stages.

Spread across on area of 67,340 kilometres, it is the largest of the seven emirates. Abu Dhabi is the nerve center of United Arab Emirates governmental and economic activates, with most of the federal ministries, majority of foreign embassies and most petroleum companies located there. Abu Dhabi’s oil wealth, which is the highest of all the Emirates, has been wisely utilized to encourage a progressive economy and a healthy trade and commerce atmosphere. The promotion of tourism, trade and industry has further elevated Abu Dhabi to a commendable status in the region.
 
Modern high-rise building, world- class shopping malls and recreational facilities, state- of the art transport and communication services, world – class healthcare facilities, and international educational facilities make Abu Dhabi one of the ideal locations to reside. This thriving city also offers internationally renowned sports facilities including golf, tennis, water sports, horse- back riding, dune driving and sand skiing to name a few. Abu Dhabi is a truly cosmopolitan city with a progressive and tolerant multi – cultural society composed of over 185 nationalities living together.

Reem Island:

REEM ISLAND (NE of AD island) size: approx 96 million sq foot.
20 min from AD airport and 15 min from AD Cornish.
The Island is facing Abu DHABI MALL.
Connected by 3 proposed bridges.

Three master developers are involved in the realization of Al Reem project:

Tamouh investments, who owns 60% of the al Reem island development project. (recently launched park towers)

Sorouh, a PJSC established in 2005, is developing almost 20% of the island project.

Souroh project is called SHAMS (SUN) ABU DHABI.

Al Reem investments, also developing the remaining 20% of the project. Reem investments project is called NAJMAT (STAR) ABU DHABI.

FACT FILE:

Location: Middle East, the Capital of United Arab Emirates and the largest Emirate.
Flights: UK flights to Abu Dhabi. Flying time: 7 hrs
Talk: Arabic is the official language, but English is widely spoken
Tax: No corporate tax and income tax.
Money: Currency is Dirhams (AED). AStable currency – pegged to US$ at AED 3.67.
Weather: Hot all year round, very little rain, air conditioning or fans are a must have.

Why Invest in Abu Dhabi.

There are many other reasons that make Abu Dhabi an ultimate location to invest:
 
Current and future high demand for rent.
No foreign exchange controls
No Trade barriers.
No restrictions on capital repatriation
Strong investor incentives and protection
State- of – the – art telecommunications.
Competitive energy costs
Competitive real estate costs
Competitive import duties ( 4% only with many exemptions)
Abu Dhabi has one of the highest per capita income in the world
10 year GDP average growth of over 8%
Very low inflation
Stable economy with relatively low volatility
Continuous political stability since it’s inception in 1971