2012 Doomsday Predictions

Abu Dhabi is the capital of the seven princely states of United Arab Emirates. The state has its own flourishing economy and its current ruler has envisioned many award winning plans to put Abu Dhabi on the forefront of real estate development. Until a few years earlier, the economy was mainly depended on Oil and Gas sectors which constituted almost 95 percent of the entire UAE production. But there has been an unprecedented rush to catch on with Dubai and other major financial hubs. With this intention the state has invested approximately Dh 220 billion in the real estate sector, for the next five years.

In Abu Dhabi, the demand for housing exceeds supply. The occupancy levels in the city are at an astounding level of 98 percent and for a lot of projects there has been a reported 100 percent booking levels before completion. Almost 30,000 residential units are under construction in the city and more than 200,000 units will be needed by the end of 2012.

The population of the city is estimated to double in the next ten years which has resulted in acute shortages of residential and commercial properties. In a time span of 2 years rental rates have moved up to 40 percent in certain areas. The recent investment in real estate and properties in Abu Dhabi has seen 20 to 30 percent growth rate, which is among the fastest in the world.

A survey conducted in the region has ranked Abu Dhabi as the number one choice for workers already in the Middle East and overall sixth most desired work destination. If you are planning to invest in the real estate sector of Abu Dhabi, then hire a company that is having seasoned professionals with years of experience in the Middle East real estate. They can help you in finding out good properties that could provide revenue generating investment opportunities. Your choice and not your budget is what that matters. Professional companies can help you in targeting all real estate niches that is destined to provide future growth.

Landvest Limited is an official European partner of Dubai Properties as well as a representative of a host of other Dubai Real Estate Developers. Landvest Dubai specialise in the promotion of Real Estate Investment and Luxury Home Opportunities in the UAE.