Abu Dhabi's real estate sector to prosper

Published April 4th, 2006 - 07:10 GMT
Al Bawaba
Al Bawaba

Abu Dhabi's real estate sector is set to absorb investments of over Dh100 billion in the next 10 years, WAM reported.

 

With current residential occupancy levels hitting 90 per cent and hotel occupancy at 80 per cent, the residential and tourism sectors will get the major share of the outlay, according to an industry expert. The value of all construction projects announced to date in the UAE is Dh624 billion (US$170 million).