Abu Dhabi starting to move again

Posted in Markets by Carl on February 6th, 2009 04:24pm

Abu Dhabi property on Al Reem Island seems to be bouyant again. A friend who is there at the moment says prices have moved up 8% in the last month. As you will know I’m a big fan of this market, especially the first phase of Marina Square. Demand is strong and supply is very very limited, which are just the right conditions for both a yield and capital growth play. This is a long term investment proposition.

I’m out to Abu Dhabi on 10th March to understand the finance situation (which appears to be easing with more liquidity entering the market via government capital injections) and set up an office! I’ll let you know how I get on.

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