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Abu Dhabi to establish regulatory authority to oversee real estate sector

Posted in Markets by Ash on January 8th, 2009 10:52am

Abu Dhabi has announced that it will form regulatory authority that will oversee the growing Real Estate sector in the emirate following on from the success of the equivalent authority in Dubai.

As you know Abu Dhabi is a market that we follow closely and indeed feel offers much opportunity in the medium to long term. We feel that the establishment of an appropriate regulatory authority is an important step in the evolution of the property market by improving transparency and trust in the property market. We believe it will provide an integrated framework for rentals and sales that will provide comfort to investors and developers alike.

We await further developments with interest.