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Abu Dhabi Property
Abu Dhabi to set land aside for low income housing
- ZonesCorp, the Higher Corporation for Specialized Economic Zones, has announced that it will be building new labour complexes to cater prominently for families on low-incomes. Approximately 40% of its forthcoming residential projects will be reserved for family groups.
- United Arab Emirates: Tuesday, July 22 - 2008 at 14:27
Could off-plan speculation undermine the Abu Dhabi realty boom?
- Off-plan property releases in Abu Dhabi these days are generally instant sell-outs, and often sold before the release is official. Re-sale prices have shown very strong growth on the back of this burgeoning demand. But it is all a little unreal, as not a single completed unit is available yet for re-sale in the secondary market. Indeed, nothing will be ready until late next year. Is this then a speculative bubble?
- United Arab Emirates: Tuesday, July 15 - 2008 at 13:24 |
Are construction costs the Achilles heel of the Abu Dhabi boom?
- Every great construction boom has the flaw that proved its ultimate downfall. This summer a huge real estate boom is continuing to rage in the oil-rich emirate of Abu Dhabi, with house prices doubling over the past year. It is easy to argue that off-plan speculation is getting out of hand, and that prices could correct on a market overshoot. But a more fundamental problem exists in the form of construction cost inflation.
- United Arab Emirates: Wednesday, July 02 - 2008 at 11:50
Abu Dhabi named 'world winning city in the making'
- A recent report by real estate services company Jones Lang LaSalle named Abu Dhabi as a world winning city in the making, predicting that the UAE capital would be a regional hub by 2015. The report goes on to say that the city would attain 'world winning' status by 2020, placing it alongside metropolises including Shanghai and Mumbai.
- United Arab Emirates: Thursday, June 26 - 2008 at 17:12
Abu Dhabi property price increases 'certain'
- A report by regional investment bank EFG-Hermes has found that prices in Abu Dhabi's real estate sector are almost certain to keep rising at double-digit rates, fuelled by growing demand and a carefully controlled delivery of residential and commercial units.
- United Arab Emirates: Sunday, June 15 - 2008 at 13:46 |
Buyers should look beyond $354bn investments
- While prices in the Burj Dubai have soared to a new UAE record of $3,500 per square foot, there is a high probability that prestige buildings in neighbouring Abu Dhabi are going to show similar capital appreciation.
- United Arab Emirates: Monday, June 02 - 2008 at 12:01 |
Abu Dhabi house prices jump 53% as off-plan booms
- A report from Colliers International said that house prices in Abu Dhabi have jumped by 53% over the past year to $580 per sqft, an acceleration of the 18% price hike in the previous 12 months. But the company predicts that the continued shortage of accommodation in the UAE capital could push this rate of increase still higher in the next few months.
- United Arab Emirates: Monday, May 26 - 2008 at 10:48 |
Major projects unveiled at Cityscape Abu Dhabi
- Cityscape Abu Dhabi saw a busy start, but with few new developments announced. However, those that were announced were significant, and here we outline the major new projects that will shape Abu Dhabi.
- United Arab Emirates: Tuesday, May 20 - 2008 at 10:26 |
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