Sunday, April 23, 2006

Abu Dhabi real estate set to boom: Expert (The Peninsula)

DOHA: Abu Dhabi government's decision to introduce property bye-laws, allowing expatriates to own free hold commercial and residential properties, will give impetus to the development of the UAE's oil-rich emirate into a real estate paradise, said a leading Abu Dhabi-based business development consultant.

"Following the introduction of bye-laws in landmark Property Law by Abu Dhabi government, there existed great opportunities for expatriates to own free hold properties on 99-year lease in the emirate like Dubai," said Ashraf Siddiqui, who holds road-shows in different countries including China and Malaysia and provide necessary details to prospective investors about the investment opportunities available in the UAE

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