Rental income to increase in Abu Dhabi

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Further indications that investment growth is still increasing in the Abu Dhabi real estate market. According to the research from the leading regional investment bank, this growth will be accompanied by a 20-25% increase in residential rents by the end of 2008 and by a further 15-20% increase in 2009.
The market outlook for residential, commercial, retail and leisure segments uniformly indicates phenomenal growth. All good indicators for anyone thinking of investing in new homes in Abu Dhabi. The retail segment is largely underserved and the three factors that will contribute to robust growth are – rising wealth in the Emirate, growing demand and strong macro-economic fundamentals. Iconic projects such as Saadiyat, Yas Island’s Formula 1 Grand Prix track, Raha Beach and Reem Island are poised to attract a new wave of tourism and will help generate greater interest in real estate across Abu Dhabi.