Being the richest city in the world, Abu Dhabi is the cultural hub of the Middle East. This planned city is equipped with all the facilities of the modern living. As a capital city of the emirates of the United Arab Emirates, Abu Dhabi is the complete place to offer you the best.
This dynamic oil-fuelled city has a very raging real estate industry. Soaring prices are hopefully will be matched with the real estate prices of the top cities of the world. However, the current status of the Abu Dhabi real status is very friendly. The anomaly is that they are so cheap right now. It is the same story for commercial as opposed to residential property.
Holding 10 percent of the world’s total oil reserve, the city of Abu Dhabi generally earns
$600-850 billion from its oil reserves. Besides, its economic reliance, the city is currently witnessing the great developmental works to develop world class infrastructure for attracting local people and foreigners to settle here for life.
Abu Dhabi real estate market is booming like anything. Prices are soaring to the sky, making the real estate industry a hotter than ever. If you are looking for a good deal in real estate matters in Abu Dhabi, make sure you get the all the relevant information which will be helpful in gaining a solid deal.
Due to heavy demand and limited supply, the real estate market of Abu Dhabi is further down the development curve and problems like limited availability of building materials, inflating building costs and issues related to labor are some of the basic problems currently facing by the Dubai real estate property.
As a solution, renting out the Abu Dhabi property is the best way to get advantage of the ongoing property wave. Therefore, existing landlords in Abu Dhabi are likely to enjoy a situation where they can earn a handsome return on their property investment. It is also wise to wait until you find the best piece of land while you take a home or property on rent in Abu Dhabi.