A property services company has unveiled a host of new investment opportunities in a UAE state where demand is expected to outstrip supply.
Hamptons International said it had opened a flagship office in Abu Dhabi to showcase an “extensive portfolio” mainly based in the emirate.
Executives also said company research had showed Abu Dhabi to be a hot prospect for the future thanks to a growing business community.
The firm also said the opening of the new office was part of a long-term strategy which aimed to take advantage of future developments in the state’s real estate market.
Nasser Abdul Rahman Rafi, managing director of Hamptons International Middle East, said:
“Abu Dhabi, with a strong roster of up and coming projects, is consolidating its strength in the property development sector.
“Recent research by Hamptons on the property sector of the Emirate found that long-term prospects are healthy, and demand for property will continue to outstrip supply as Abu Dhabi emerges as a major business hub in the region.”
Rida Abdul Rahim, Hampton’s Abu Dhabi Branch Manager, also said 2008 had been a “landmark year” for the emirate thanks to focused investment in real estate.
Demand for both investor and end-user properties was increasing, he added.
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