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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.
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