Tuesday, July 22, 2008

Abu Dhabi, Emerging Dubai

Dubai is always at the front position of the Dubai property scene. Dubai is the first Emirate to present non-UAE nationals the right to buy properties. The policy allows it to attract a brand new source of overseas investment.

Neighboring Emirates also take notice of their own real estate prospective, such as Ajman, Ras Al Khaimah, and Abu Dhabi the capital of the UAE and its most prosperous Emirate. With a flourishing economy and investor welcoming economic policies the Emirate of Abu Dhabi is by far the most capable of the emerging Emirates, posing a very striking prospect for both industry and tourism. The government of Abu Dhabi is taking multiple measures to make the state more and more attractive like increase in government expenditure for development, flexible visa policy and investment in leisure and tourism sector.

The government of Abu Dhabi is renovating Abu Dhabi international air port by spending over $ 6 billion dollars. Like Dubai the government is building new sports stadiums, hotels and shopping centers to provide visitors every facility that they can dream of.
The result of this investment within the financial and tourist infrastructure is expected to produce significant numbers of new job opportunities in the Abu Dhabi. And as the people from across the world pour in it is expected that the emirate of Abu Dhabi like Dubai emerge as a heaven for the investment in real estate

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