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Real Estate laws in Abu Dhabi such as those dealing with escrow accounts , brokers , strata title and mortages may be implemented by early next year. According to David Nunn , Partner , Simmons and Simmons ; the new laws will be more sophisticated than any Real Estate laws we have in this region.
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Philip Ward , CEO , Abu Dhabi Finance said that the units supply short fall in Abu Dhabi is encouraging people to acquire property and move out of the rental sector ,boosting the realty sector and mortage lending market.
What that means for someone looking to buy is that there is value for money,even for those long-term investors who are planning to let out that unit.
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Some of the biggest projects scheduled to come online in the next few months
Central Market Souk : A large new retail space in downtown Abu Dhabi with elements reminicent of the old souk
Yas Island : A new recreational and hospitality development ,with hotels,a Formula One Grand Prix track and a marina.Eventually it will have a Ferrari theme park with 24 rides,
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