Property hot spots (page 3 of 3)

One good thing about this development is that it will address low-income groups, with around 267 mid-rise residential and commercial towers.

This would come as an answer for recent complaints that most developments target high-income groups.

Also in Mussaffah, Al Showayba City is now seeing the construction of its 11,000 residential units and the 220-room Between the Bridges hotel. Originally, the project was scheduled for completion this year.

Billions are being spent on other commercial, touristic and infrastructure projects in Abu Dhabi.

Based on the announcements surrounding Plan Abu Dhabi 2030, $275bn will be spent by 2012 on infrastructure alone, comprising a road network, public transport, the airport, and a 2km long beach Corniche. Estimated investments in real estate are expected to reach Dhs600bn between now and 2030.