Introduction to Abu Dhabi
Abu Dhabi the Capital of UAE, and the largest of the seven Emirates, constituting over 85% of the nation's total land area. With a population of 1.6 million, Abu Dhabi is the center of government and business life in the UAE. It’s long coastline extends for more than 400 km. and was once the world’s best waters for pearling and fishing.
Abu Dhabi possesses 10% of the world's oil and produces 90% of oil in the U.A.E. The generated income has been purposely invested to create a first class infrastructure and flourishing modern metropolis.
Abu Dhabi’s real estate market
Abu Dhabi’s residential and commercial real estate markets have expanded dramatically since the allocation of plots on the island of Abu Dhabi and offshore for the development of new complexes and communities.
The market was boosted further by the announcement of amendments to existing laws issued by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan , granting GCC nationals and other foreign nationals the right to buy leasehold property in selected areas Foreigners get rights to own property, GCC nationals and foreigners have been granted new property rights in Abu Dhabi, as per amendments to the existing laws issued by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan in his capacity as Ruler of Abu Dhabi emirate.
The property market in Abu Dhabi, the UAE's capital city has possibly greater potential than the booming Dubai itself. With a recent relaxation of property ownership laws and an intention to invest more than $175 billion by 2012 in tourism, energy and infrastructure, Abu Dhabi looks set to offer investors substantial scope for high returns.
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