The population of Abu Dhabi was almost 46000 when discovered oil reserves and there were around four doctors and the number school was just five. At that time, Abu Dhabi property was consisted of mud and the rich people had it and it has been 50 years now since that situation in Abu Dhabi, but now the map is totally different and the mud houses have been transformed into the concrete skyscrapers. In 1958, it was found that Abu Dhabi had fifth largest oil reserves, since then the progress ahs never stopped and the desert areas have become the civilized urban areas with the best technology available.
Today this city, capital of the UAE, has a tenth of all the oil in the ground, more than USD $ 1 trillion invested abroad, and a city that grows in a way unimaginable generating partnerships and urban projects proportions with major world powers.
Located some 130 kilometers from Dubai, another of the great cities of UAE, Abu Dhabi has developed urban development by the abundance of resources based on petrodollars. This city in the boom of the real estate and over $ 200 billion for urban investment in the next 10 years, tells a story of rare development in the world, only comparable today with the Asian giants, China and India.
The picture in Abu Dhabi is auspicious for everything that relates to construction. Not for nothing herein shall raise one of the most expensive resorts in the world with $ 1.3 billion to build three skyscrapers, two five star hotels and a souk, a marketplace. This type of marketplace can be found in much of North Africa, Middle East, and the cities of the Arabian Peninsiula.
A good view in this city is to look at the coastline, marked by the deep blue waters of the Persian Gulf, where they have begun placing dozens of small islands which are being built artificially which will house new skyscrapers, hotels, museums, hospitals and industries, which are partly financed by government and partly by private capital.
Abu Dhabi is moving fast and much credit goes to Khaldoon Khalifa al Mubarak, an executive Mubadala Development company. Abu Dhabi has show a great spped in the development and it seems as if some genie is fulfilling the wished on the commands given by its master. In two years, they established an airline and arranged 21 planes and 37 destinations enabled. Likewise, the construction was made possible for 100 hotels with 15 thousand hotel rooms operating in the city. Moreover, the city is fully filled with world class hospitals, universities and museums.
You can see that Abu Dhabi is the world class place to live and there is no denying that it a wish to settle down in this region and buy Abu Dhabi Property to make a peaceful living. In order to find some good Abu Dhabi Property, you can see the local newspapers and classifies and the internet is the easiest medium to search anything in the whole world.
About the Author
John Parker is expert analyst and market researcher on villas for sale Dubai and apartments in Abu Dhabi Market, he writes Dubai property Blog. He works for Elysian Real Estates, one of the most growing real estate firms in UAE.
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