Burooj Properties partners with AME Info on "Buying Property in Abu Dhabi" Report
- Most comprehensive ever study provides valuable input for region's premier city home seekers -
Burooj Properties, the Abu Dhabi based subsidiary of Abu Dhabi Islamic Bank and a developer of world-class, innovative residential and commercial real estate projects in the UAE and the MENA region, has partnered with AME Info, the region's premier business portal, to launch "Buying Property in Abu Dhabi", a comprehensive and important report that gives a panoramic view and recommendations on Abu Dhabi realty markets for potential investors.
This report, which highlights results from 1,358 questionnaires and accessible online on http://www.ameinfo.com in the special reports section, has shown that Abu Dhabi has huge development potentials where investors, constituting 74% of current buyers according to the report, are very seriously eyeing all available options, with one and two bedrooms accounting for most purchases, at 37% and 43% respectively.
The report also shows that the projected investments in Abu Dhabi between now and 2030 (then the population of the city to jump from current 930,000 to 3.1 million) are estimated at Dhs 600bn in giant developments located at Al Lulu Island, Al Reem Island, Al Raha Beach, Yas Island, Khalifa City, Saadiyat Island, and developments in Mussafah Area. With the sharp demand for rental, jumping from 9,000 units in 2007 into 20,000 this year, the report shows that around 66% of people who bought homes in Abu Dhabi have also purchased units in other emirates, mainly in Dubai followed by Ajman.
Adel Ahmed Al Zarouni, Managing Director of Burooj Properties, said: "As one of the leading realty companies, we are proud to work with AME Info to produce this invaluable source of information for all interested parties in Abu Dhabi market. In fact, this market has progressed to offer unique investing opportunities for those who look forward to purchasing properties for dwelling or renting alike."
"Given the pace of developments taking place in the UAE's Capital, which is becoming more and more the region's premier business and tourism destination, we are confident that all investors in each and every projects will have made the right decision once they opted for property purchase as they will reap the fruitful results of their sound and wise decision sooner or later."
Rob Jones, Editorial Director of AME Info, said: "The report shows that Abu Dhabi has made huge strides in the property market. Where last year Dubai dominated people’s plans to buy, the public perception of Abu Dhabi has grown quickly from within and outside the UAE."
