The Next Best Thing: Property Investment Opportunities in Abu Dhabi
A close neighbour of Dubai, Abu Dhabi is fast becoming another key property investment hotspot in the United Arab Emirates.
As the capital of the United Arab Emirates, (UAE) Abu Dhabi is the largest and richest of the seven emirates. About 95% of the UAE’s oil reserves are located here, so Abu Dhabi is a major producer of oil and has made much of its money from this. A major new airport costing in the region of £3.5 billion is currently being developed and the emirate has a blueprint for development in action, called Plan Abu Dhabi 2030.
But where Dubai has already grown and developed at a fast pace, with many lavish and extravagant real estate developments, the pace of growth in Abu Dhabi has been much steadier. In fact, the blueprint is helping them learn from the mistakes Dubai made and grow at a better pace. That said, there are many exciting new projects on the go.
One example is a stunning 7-star luxury business hotel, incorporating four towers of residential property (villas and townhouses), a commercial tower, private marina and canal promenade which is being designed by Gensler and built by developer Tameer Holdings. The Tameer Towers will be located on Reem Island, just off the coast of Abu Dhabi, and will be a very eye-catching development when completed.
If you’re interested in finding out more about the benefits of buying property in Abu Dhabi, then it may be worth tuning in to Real Estate TV on Sunday 27th April at 10pm. They have a programme scheduled in their Next Best Thing series which is concentrating solely on Abu Dhabi. The channel is located on Sky channels 273 and 274, on demand on Virgin TV and online at Real Estate TV.
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