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After the demise of the real estate industry in Dubai, Abu Dhabi takes centre stage

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After the demise of the real estate industry in Dubai, Abu Dhabi takes centre stage - Property - Real Estate - UAE - Dubai - Abu Dhabi - Oliver Hickey


The sudden stagnation of the Dubai real estate industry has led property investors to the shores of Abu Dhabi.



Abu Dhabi is home to a tenth of the world's oil reserves making it by far the richest Emirate in the UAE.

The Abu Dhabi 2030 plan has been instrumental in the transformation of this golden Emirate and the construction industry is working overtime to cope with the predicted trebling of the current population.

Oliver Hickey Managing Director of Nexus Development Ltd said,

'Despite its wealth Abu Dhabi was never in competition with Dubai; Dubai having the necessity to react quickly to counteract its dwindling oil supplies. Having opted for a more reserved route to market, Abu Dhabi has retained its dignity and composure and as a result now finds itself in a commanding position despite a global financial meltdown.'



Abu Dhabi continues to prosper, yet will it succumb to the same fate as Dubai?

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