Cluttons, the real estate specialist whichhas enjoyed a dedicated Middle Eastern presence since 1976, today announces the launch of its new Abu Dhabi office. The new office is in the EMC headquarters building on the airport road, providing easy access for clients both on and off the island and underlines a renewed commitment to client service in the Emirate.
The motivation behind the move is to house the expanding Cluttons team which has grown to a team of ten. The residential sales and leasing consultants are led by Drica Rodrigues, who has worked at the Abu Dhabi market for the past five years, and the commercial division is headed by Paula Walshe.
As part of Cluttons’ strategic growth plan, the Abu Dhabi office now includes four Arabic speakers, offering a degree of local insight that is unmatched by international competitors. The strengthened office means that Cluttons is able to offer a full range of services in the Emirate, from residential, commercial and valuations through to property management. The team will continue to grow and expand throughout the year to meet the market’s needs.
There have been many positive market indicators in Abu Dhabi in recent months, beginning with the announcement by the Abu Dhabi Executive Council earlier this yearstating its commitment towards projects in the capital. This includes plans for developments on Saadiyat Island and Khalifa Port; the planned Midfield terminal at Abu Dhabi International Airport; a commitment towards 14 new hospitals and 24 new schools; housing projects for Emirati citizens in areas such as Liwa, Nema, North Wathba and Al Hayer.; new major roads; airport expansion; and industrial expansion in the form of Kizad, the region’s largest industrial zone.
Paula Walshe comments, “Whilst the Abu Dhabi property market continues to be challenging, we are encouraged to note that some submarkets are beginning to show signs of resilience and the fundamentals are still strong for stabilisation of rentals across the board in the medium term. Although rentals are continuing to fall in secondary markets in both the residential and commercial sectors, we have seen early signs of recovery in some of the prime stock. Abu Dhabi seems to be in for a softer landing than Dubai as considerable public spending and investment in infrastructure has helped shield the capital and the property market in particular, from the worst of the global recession."