Abu Dhabi, UAE's capital, is the wealthiest of the 7 emirates. Abu Dhabi in 2005 had registered the world's highest per capita income of US$ 46,147. The emirate is surging ahead with implementation of ‘Plan Abu Dhabi 2030: Urban Structure Framework Plan’, an endeavour to make Abu Dhabi a global capital city. This plan involves development of real estate projects in the city in line with real estate laws and urban and environmental planning.
Series of legislative reforms in 2005 governing property ownership als
Surge in local as well as expatriate population
Demand for residential/offices units outstrip supply
Greater need for retail spaces and hotel rooms
Phenomenal growth witnessed in Dubai real estate
Abu Dhabi's population growth has averaged 7.3% annually in the last 4 years