Expert: New opportunities expected in Abu Dhabi real estate sector

Published June 12th, 2005 - 08:57 GMT
Al Bawaba
Al Bawaba

Emile Habib, managing director (Real Estate), The National Investor (TNI) told Khaleej Times the initiatives being carried out in the Abu Dhabi real estate market, will open-up new opportunities on another 2-3 islands, in addition to the already announced projects, which will lure at least Dh100 billion in next one year time.

 

Abu Dhabi boasts 200-islands, while some of the biggest ones are located around the Abu Dhabi Island itself like Abou Shamoun, Reem and Sa'diyat on which work would start within due course of time. The UAE nationals are transacting the property deals, which is also a positive development, conveyed Habib.