Property in Dubai
Priceless properties in Abu Dhabi?
The United Arab Emirates (UAE) in the Middle East is witnessing a huge development spurt that is being fueled by increased tourism and a rapid shift of focus in the Emirates economy from the oil industry to a more tourism and service based economy. The first of the emirates to develop following this trend was Dubai. Abu Dhabi is also one of the places in the UAE that is rapidly catching up with the advantages of Dubai.
Abu Dhabi is a very exciting place in the Middle East to live and work in. It is also a great place for investment opportunities. It is a modern city with broad boulevards, several office and apartment buildings, and busy shops.
Due the increasing popularity of Abu Dhabi and the growing number of tourists and professionals that it attracts the real estate market is ripe for the picking. Recent changes in the governmental stand towards allowing foreign individuals to own property in the emirates have foreign buyers eager to purchase property in Abu Dhabi. Placed like the Abu Dhabi Dolphin Towers being development on the ocean front are offering many apartments and penthouses that can be purchased off plan at this stage. Dolphin Towers will eventually be used for retail and residential purposes with each piece of property featuring unique aspects.
For example, townhouses will be available with their own private swimming pools and gardens. Some penthouses will be provided with infinity pools. A few types of apartments will contain and indoor gym, and so on. Other amenities to be provided to all properties part of Dolphin Towers will include a health club, spa, conference rooms, etc.
Several homes such as the ones mentioned above can be purchased as property in Abu Dhabi and their starting cost price can be as low as GBP 160,000. The payment schedules are structured in a realistic fashion that allows the real estate speculators the chance to buy off-plan and sell the property for a profit when it is still in the middle of construction. This allows home owners to budget and provide towards every stage of the payment program.
Dolphin Towers are being developed on Al Raha Beach, close to the road linking Abu Dhabi and Dubai. The location is close to the Abu Dhabi airport as well as New Dubai. Beachfront townhouses and sea view apartments are always hot selling items all over the world and Abu Dhabi is no exception. It is expected that most of the development of property in Abu Dhabi will be completed by 2009 and final development will then be exclusively targeted at retail outlets, a marina, boardwalks, cafes, bars, and restaurants.