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Property For Sale In Abu Dhabi To Give Fabulous Returns Through 2008
Abu Dhabi, the capital of the UAE, is the garden city of the middle-east. It is also one of the richest cities in the world. These, and other factors, combine to make property for sale in Abu Dhabi a much sought after prospect.
A recent report by HSBC predicts that property for sale in Abu Dhabi could surge in price by as much as 25% in 2008. All economic indicators demonstrate that in the long run, property for sale in Abu Dhabi will be lucrative. Property for sale in Abu Dhabi, unlike in Dubai, has only recently been opened up to foreign investments. Therefore despite a higher economic growth, property for sale in Abu Dhabi is priced much lower than comparable markets such as Singapore, Mumbai and even Dubai. However, the market for property for sale in Abu Dhabi is maturing rapidly. Already greatly increased emphasis can be seen in better quality, construction. Investment zones like Al Reem and Al Raha Beach in Abu Dhabi are dotted with properties for sale that include awe-inspiring high-rise apartment blocks and commercial buildings.
The 25% price increase predicted by HSBC in property for sale in Abu Dhabi is based on several factors: the soaring cost of construction, the falling dollar, low interest rates and delays in completion of many building projects. With stock markets depressed globally, cash rich Emiratis are likely to move their funds into property for sale in Abu Dhabi.
Supply of property for sale in Abu Dhabi is well below demand right now. This short-term imbalance will push prices of property for sale in Abu Dhabi even further. Smart investors have assessed the situation and moved their funds particularly into off-plan property for sale in Abu Dhabi. The 20% discount combined with the likely increase in prices is expected to provide handsome returns on the sale of these properties in Abu Dhabi.
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