TNI expects residential real estate shortage in Abu Dhabi to contiue up till 2010
The current residential real estate shortage should continue in Abu Dhabi until 2010, when a large number of ongoing projects are expected to hit the market, The National Investor (TNI) forecast today in a research report.
TNI's supply-demand analysis suggests that the future of Abu Dhabi property should be made up of three distinct periods: capacity shortage in the short term, oversupply as of 2010, and reasonable upside over the longer term, essentially due to the structurally beneficial economic growth situation.
One of the catalysts of the real estate boom in Abu Dhabi was Law number 19, which allowed locals to buy land and also permitted foreigners to do the same on a 99-year lease, in selected investment zones. The effect of this law can be seen by the evolution of real estate projects since 2005, when the law was enacted. Source
TNI's supply-demand analysis suggests that the future of Abu Dhabi property should be made up of three distinct periods: capacity shortage in the short term, oversupply as of 2010, and reasonable upside over the longer term, essentially due to the structurally beneficial economic growth situation.
One of the catalysts of the real estate boom in Abu Dhabi was Law number 19, which allowed locals to buy land and also permitted foreigners to do the same on a 99-year lease, in selected investment zones. The effect of this law can be seen by the evolution of real estate projects since 2005, when the law was enacted. Source
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