Property in Abu Dhabi
Abu Dhabi is the wealthiest of the seven emirates of the UAE with a GDP per capita which currently ranks third in the world behind those of Norway and Luxembourg. At present, it is estimated that over $1 trillion has been invested in Abu Dhabi in recent years.
Located on a t-shaped island in the Persian Gulf, Abu Dhabi is one of the worlds largest producers of oil, although similar to the strategy adopted by neighbouring Dubai, Abu Dhabi has recently invested heavily in both its tourism and financial services industries.
Following the substantial levels of investment in Abu Dhabi, the population of the emirate has rapidly expanded in recent years, to its current level of just over one million residents. Understandably, the large rise in population has led to a rise in demand for property in Abu Dhabi, and a number of major developments such as those in Al Reem Island have been announced as a way of capitalising on this increase in demand.
Today, the population of Abu Dhabi is continuing to expand, with increasing numbers of expatriates seeking employment in the rapidly expanding financial services and tourism sectors. As such, it seems highly likely that the increasing demand for property in Abu Dhabi is set to continue for the foreseeable future.
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