Saturday 24 January 2015

Why Abu Dhabi faces a balancing act in the property market - FT.com

Why Abu Dhabi faces a balancing act in the property market - FT.com:



"The view from the 74th floor of Etihad Towers, a local landmark in Abu Dhabi, reveals that for every completed apartment scheme there is a construction site in full swing.



And no wonder: the city’s population is expected to grow from about 1.3m today to 3m then 5m over the next 15 years. The figures come from “Vision 2030”, a scheme set up by the urban planning council of Abu Dhabi, capital of the United Arab Emirates.



With a large majority of its population being expats from the Middle East, Africa and western Europe, this is not a straightforward property market."



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