Growth of Abu Dhabi Real Estate Market

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Growth of Abu Dhabi Real Estate Market

Posted On : May-12-2011 | seen (965) times | Article Word Count : 550 |

With the spiraling costs of living in Dubai, real estate investors are looking for more financially advantageous solutions with Abu Dhabi prominently catching the eye of one & many. Dubai has always been the apple of everyone's eyes when it came to real estate investment. However, buying property, maintaining it and balancing it with the high costs of living is completely different story altogether. As much as people love the fact that the UAE government does not charge taxes, the expensive livi

Dubai has always been the apple of everyone's eyes when it came to real estate investment. However, buying property, maintaining it and balancing it with the high costs of living is completely different story altogether. As much as people love the fact that the UAE government does not charge taxes, the expensive living is making it difficult for investors to decide whether they want to lock their funds in UAE or look elsewhere. Here Abu Dhabi and its sister states come into picture where not only the advantage of "No Taxes" is omnipresent, but the scope of investing, renting and resale of property is more advantageous. Ajman, Ras Al Khaimah and Abu Dhabi have received a boost from Dubai's spiraling costs of living with an increase in sale of apartments and villas.
Real estate experts have been noticing the change for the last two years where gradually investors are getting interested in Abu Dhabi and other states. UAE is preparing and modifying policies for Abu Dhabi so that its economy receives a positive feedback from investors in the real estate market, which will consequently boost other industries like tourism and construction as well. The government is concentrating on developing the infrastructure of Abu Dhabi by pumping in almost $6 billion to expand airports and other state-of-the-art facilities. The Ferrari World and Yas Island are the best example of the investment. It certainly will attract investment from worldwide investors and tourists of more than 3 million are expected to visit the capital. Investment on such a grand scale will definitely enhance the travel and tourism industry and in turn positively affect the growth of rental property / ownership of luxury apartments and villas in Abu Dhabi.
Recently, the demand for beach villas is increasing rapidly and by now is very famous among the richies rich. As the influx of investors, expats, visitors and tourists increase these villas and apartments will gain greater than ever importance. In addition, job opportunities will grow, as the employees required to handle it all will also swell. It is also expected that local population of Abu Dhabi will multiple 100% other than the tourists and visitors. Investors visit Abu Dhabi to look for newer opportunities of growth in construction and real estate. As real estate, market expands so does the tourism industry including Hotels in Abu Dhabi and Abu Dhabi cheap flights.
Reasons to invest in Abu Dhabi Real Estate
Investing in Abu Dhabi real estate is termed to be profitable in the future as property price shoot up. Renting properties is always advantageous as you receive an additional income source. Abu Dhabi has opened its door to foreign investors by not levying any capital gains tax, inheritance tax or income tax. In addition, there are no foreign exchange controls and trade barriers related to the real estate industry. Abu Dhabi is one of the few cities with the highest per capita income, thus the highest purchasing power. A very good reason to invest in the capital of UAE. The UAE government provides many incentives to foreign investors for putting in funds in the real estate industry. Abu Dhabi is seemingly an upcoming option for new investors who are unable to catch up with the real estate trend in Dubai.

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<h1>Growth of Abu Dhabi Real Estate Market</h1> Author: <a href='http://www.articleseen.com/profile_MichaelT.aspx'>MichaelT</a> Dubai has always been the apple of everyone's eyes when it came to real estate investment. However, buying property, maintaining it and balancing it with the high costs of living is completely different story altogether. As much as people love the fact that the UAE government does not charge taxes, the expensive living is making it difficult for investors to decide whether they want to lock their funds in UAE or look elsewhere. Here Abu Dhabi and its sister states come into picture where not only the advantage of "No Taxes" is omnipresent, but the scope of investing, renting and resale of property is more advantageous. Ajman, Ras Al Khaimah and Abu Dhabi have received a boost from Dubai's spiraling costs of living with an increase in sale of apartments and villas. 
Real estate experts have been noticing the change for the last two years where gradually investors are getting interested in Abu Dhabi and other states. UAE is preparing and modifying policies for Abu Dhabi so that its economy receives a positive feedback from investors in the real estate market, which will consequently boost other industries like tourism and construction as well. The government is concentrating on developing the infrastructure of Abu Dhabi by pumping in almost $6 billion to expand airports and other state-of-the-art facilities. The Ferrari World and Yas Island are the best example of the investment. It certainly will attract investment from worldwide investors and tourists of more than 3 million are expected to visit the capital. Investment on such a grand scale will definitely enhance the travel and tourism industry and in turn positively affect the growth of rental property / ownership of luxury apartments and villas in Abu Dhabi. 
Recently, the demand for beach villas is increasing rapidly and by now is very famous among the richies rich. As the influx of investors, expats, visitors and tourists increase these villas and apartments will gain greater than ever importance. In addition, job opportunities will grow, as the employees required to handle it all will also swell. It is also expected that local population of Abu Dhabi will multiple 100% other than the tourists and visitors. Investors visit Abu Dhabi to look for newer opportunities of growth in construction and real estate. As real estate, market expands so does the tourism industry including Hotels in Abu Dhabi and Abu Dhabi cheap flights.
 Reasons to invest in Abu Dhabi Real Estate 
Investing in Abu Dhabi real estate is termed to be profitable in the future as property price shoot up. Renting properties is always advantageous as you receive an additional income source. Abu Dhabi has opened its door to foreign investors by not levying any capital gains tax, inheritance tax or income tax. In addition, there are no foreign exchange controls and trade barriers related to the real estate industry. Abu Dhabi is one of the few cities with the highest per capita income, thus the highest purchasing power. A very good reason to invest in the capital of UAE. The UAE government provides many incentives to foreign investors for putting in funds in the real estate industry. Abu Dhabi is seemingly an upcoming option for new investors who are unable to catch up with the real estate trend in Dubai. 
About the Author: Michael Thorton implies you <a rel="nofollow" href="http://www.abudhabi.com/car-rental/">Rent a car in Abu Dhabi</a> to explore the stunning city. Abu Dhabi Hotels offers the most effective choices to travel close to the capital. Article Source: <a href='http://www.articleseen.com/Article_Growth-of-Abu-Dhabi-Real-Estate-Market_61984.aspx'> http://www.articleseen.com/Article_Growth of Abu Dhabi Real Estate Market_61984.aspx</a>

Article Source : http://www.articleseen.com/Article_Growth of Abu Dhabi Real Estate Market_61984.aspx

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Michael Thorton implies you Rent a car in Abu Dhabi to explore the stunning city. Abu Dhabi Hotels offers the most effective choices to travel close to the capital.

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