March 2006

The Abu Dhabi real estate market has been experiencing unprecedented growth over the past two years and is poised for a coming decade of growth and development, according to speakers at an international real estate investment conference. The speakers also cited political stability, windfall in oil revenues, existence of sound legislation and infrastructure, and commitment of an estimated Dhs 250 billion

Exhibitors at the Abu Dhabi International Property and Investment Exhibition have clinched lucrative deals for their projects, selling around 80 per cent of the residential projects being showcased. As the show enters its final day, UAE, GCC and international property developers reported good sales in their property projects, notably in the areas of investments, freehold and leasing. "We are marketing two magnificent