While Dubai has spent the last few years establishing itself on the international arena, Abu Dhabi, the capital, has often remained in its shadow....but is all that about to change?
Despite the ongoing development and exciting projects under construction in the emirate, I have a feeling that this will be the year when Abu Dhabi steps up a gear. Recently, there has been a growing level of interest in the emirate with many large-scale developers constructing some fantastic projects, including the islands of Al Reem and Al Shams.
When it comes to projects in the capital, one of the biggest selling points is the presence of natural islands and beach frontage, along with the beautiful sea and marine life. These all add to the appeal and value of projects located there, attracting both investors and end users.
With property prices still competitive and considering the potential for future growth, there are many good opportunities for investors in Abu Dhabi, particularly when buying pre-launch. The strong demand for both commercial and residential property continues, creating the potential for high rental returns.
With a GDP that has been steadily rising over the past few years and a stable economy backed by oil and gas reserves, the Government of Abu Dhabi is currently on a mission to raise its profile internationally, using global marketing to attract prominent international companies and increase the flow of tourism.
Approach
Notably, the Government of Abu Dhabi has taken a very thorough and considered approach to its growth and development, as highlighted with the Urban Planning Council's Plan Abu Dhabi 2030. This outlines the capital's growth for the next two decades, covering areas such as land use, housing areas, tourism developments and some impressive transportation plans, while ensuring the preservation of the emirate's natural assets. Indeed, the importance of the environment and its protection can be seen in the number of eco projects in the pipeline, including the recently launched Masdar City, the world's first zero-carbon, zero-waste, car-free city.
The 2030 plan should create a contemporary Arabian city with a focus on measured growth and a sustainable economy that will see the population reach three million, while at the same time increasing visitor numbers through commerce and tourism.
On the commercial side, Abu Dhabi has undergone a fairly ambitious phase of development. This was essential to ensure it doesn't get left lagging behind in the current wave of growth being experienced across the region that has helped attract a number of businesses through industry, commerce and tourism. In response to this, there has been a sharp rise in the number of leasehold commercial projects with several offices, warehouses and retail outlets currently under construction to cater to the increasing demand.
It is often suggested that Abu Dhabi is the next Dubai but to be honest, I tend to disagree with this. In my mind, both are very much their own entity with unique characteristics to set them apart. I see great potential for both but rather than having to compete, I feel they can actually compliment one another. Source
Despite the ongoing development and exciting projects under construction in the emirate, I have a feeling that this will be the year when Abu Dhabi steps up a gear. Recently, there has been a growing level of interest in the emirate with many large-scale developers constructing some fantastic projects, including the islands of Al Reem and Al Shams.
When it comes to projects in the capital, one of the biggest selling points is the presence of natural islands and beach frontage, along with the beautiful sea and marine life. These all add to the appeal and value of projects located there, attracting both investors and end users.
With property prices still competitive and considering the potential for future growth, there are many good opportunities for investors in Abu Dhabi, particularly when buying pre-launch. The strong demand for both commercial and residential property continues, creating the potential for high rental returns.
With a GDP that has been steadily rising over the past few years and a stable economy backed by oil and gas reserves, the Government of Abu Dhabi is currently on a mission to raise its profile internationally, using global marketing to attract prominent international companies and increase the flow of tourism.
Approach
Notably, the Government of Abu Dhabi has taken a very thorough and considered approach to its growth and development, as highlighted with the Urban Planning Council's Plan Abu Dhabi 2030. This outlines the capital's growth for the next two decades, covering areas such as land use, housing areas, tourism developments and some impressive transportation plans, while ensuring the preservation of the emirate's natural assets. Indeed, the importance of the environment and its protection can be seen in the number of eco projects in the pipeline, including the recently launched Masdar City, the world's first zero-carbon, zero-waste, car-free city.
The 2030 plan should create a contemporary Arabian city with a focus on measured growth and a sustainable economy that will see the population reach three million, while at the same time increasing visitor numbers through commerce and tourism.
On the commercial side, Abu Dhabi has undergone a fairly ambitious phase of development. This was essential to ensure it doesn't get left lagging behind in the current wave of growth being experienced across the region that has helped attract a number of businesses through industry, commerce and tourism. In response to this, there has been a sharp rise in the number of leasehold commercial projects with several offices, warehouses and retail outlets currently under construction to cater to the increasing demand.
It is often suggested that Abu Dhabi is the next Dubai but to be honest, I tend to disagree with this. In my mind, both are very much their own entity with unique characteristics to set them apart. I see great potential for both but rather than having to compete, I feel they can actually compliment one another. Source
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