Abu Dhabi: New law expected to boost real estate investments

Published March 8th, 2005 - 06:40 GMT
Al Bawaba
Al Bawaba

The decision to allow nationals to purchase and sell land in Abu Dhabi will open up a raft of opportunities in various sectors, prominent nationals and experts said.

 

It will also channel high liquidity into the lucrative real estate sector, they said, according to Gulf News.


"The move will have a positive impact and you will find more investment into the real estate sector and you will see the utilisation of the high liquidity that is looking for new avenues," one real estate agent was quoted as saying.