About Abu Dhabi
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Introduction
Abu Dhabi is the
Capital of the UAE, and the largest of the seven Emirates, constituting
over 85% of the nation's total land area.
Abu
Dhabi possesses 10% of the
world's oil 5% of its gas reserves, and produces 90% of oil in the U.A.E.
The generated income has been purposely invested to create a first class
infrastructure and flourishing modern metropolis.
The city is a unique mix of traditional
Arabian charm and cosmopolitan sophistication. Combined with its beautiful
beaches, fantastic shopping and top international resorts Abu Dhabi City
an ideal place to live, work or visit.
Statistics
With a population of
1,600,000 and a land area of 67,000 square kilometers, Abu Dhabi is the largest as well as the
most populated of all the Emirates. Stretching south to the beautiful green
oases of Liwa lies some of the world's largest sand dunes, and to the east
is the ancient oasis of Al Ain.
Its sandy coastline is dotted with over
200 islands and is gently lapped by the azure waters of the Persian Gulf. The Emirate was once the world's best
site for pearling and its rich seafaring tradition continues today with a
myriad of watersport activities available from sailing on a traditional
dhow to diving and deep sea fishing. Abu Dhabi
is 160 kms south of Dubai,
the second major city of the UAE, and is easily accessible by car or plane.
Abu Dhabi at a Glance
- Climate: Abu Dhabi has a
sub tropical, arid climate and sunny blue skies with temperatures that
vary but never disappoint. Rainfall is infrequent and irregular,
falling mainly in winter. The most pleasant time of year to visit is
in the cooler winter months (November to March) when temperatures are
around 24o C (75 o F) during the day and 13 o C (56 o F) at night
- Time Zone: GMT + 4
- Population
- Population
of the UAE 5 million
- Population
of Abu Dhabi
1.6 million, largest in the UAE
- Economy
- In
2005, the Emirate of Abu Dhabi experienced GDP growth of 11%
- Abu Dhabi enjoys the
highest income per capita in the world
- No
corporate, personal, income or withholding tax.
- No
foreign exchange controls, quotas or trade barriers.
- Exceptionally
competitive import duties with many products exempted
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Why to invest in Abu Dhabi?
Expectations
are that as private investment from developers into Abu Dhabi increases, a competitive market
will emerge for investors, both individual and institutional. Buy-to-let yields
are likely to be attractive, given that the current demand for units to rent in
the capital far outweighs the available supply. Combine the positive forecasts
for Abu Dhabi's economy and the extensive plans
for tourism with the current tax-free investment environment and the fact that Abu Dhabi already has a
legal structure in place for the ownership of property, and the future looks
very bright indeed.
Residents who have long been
paying ‘dead money' in high rents will look forward to being able to invest
into their own homes and seeing capital growth.
The
prospect of having ownership of the place you call home, without having to
worry about tenancy contracts, is an attractive one to longer-term residents,
many of whom have put their roots down in the emirate.
There are many reasons that make Abu Dhabi
an ultimate location to invest:
Current and future high demand for rent.
No
corporate Tax & Income Tax
No
foreign exchange controls
No
Trade barriers.
No
restrictions on capital repatriation
Strong
investor incentives and protection
State-
of - the - art telecommunications.
Competitive
energy costs
Competitive
real estate costs
Competitive
import duties ( 4% only with many exemptions)
Abu Dhabi has one of the highest per capita income in the world
10 year
GDP average growth of over 8%
Stable
currency - pegged to US$ at AED 3.67
Very
low inflation
Stable
economy with relatively low volatility
Continuous
political stability since it's inception in 1971
REEM ISLAND:
REEM ISLAND (NE of AD island) size: (633 Hectar=6.4Sqkm) approx 96 million sq foot.
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20 min from AD airport and 15 min from AD Cornish.
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The Island is facing
Abu Dhabi Mall.
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Connected by 3 proposed bridges.
Three master developers are involved in the
realization of Al Reem project:
Tamouh investments, who owns 60% of the al Reem island development
project.
Sorouh, a PJSC established in 2005, is developing almost 20%
of the island project. Souroh project is called SHAMS (SUN) ABU DHABI.
Al Reem
investments, also developing the remaining 20% of the project. Reem investments
project is called NAJMAT (STAR) ABU DHABI.
FAQ'S
Where in Abu Dhabi is Al Reem island project:?
Al Reem is a natural island located 500
meters away from Abu Dhabi Mall. It is connected to the capital city by 3
sophisticated bridges, over the serene blue waters of the Persian
Gulf. It is only 20 minutes away from Abu
Dhabi international airport and is connected to Dubai
through the main Abu Dhabi - Dubai highway...
Is ownership restricted to UAE nationals and are there any
conditions applied to ownership?
Both UAE nationals and foreign expatriates
can invest and own property on the island. There are no special conditions
applied for ownership and the investment procedures are simple and buyer -
friendly.
How many people are expected to reside on the island?
The island is expected to accommodate more
than 280.000 residents upon completion.
What community facilities will there be on the island?
Some of the important facilities available
are schools, medical clinics, shopping mall, restaurant, a 27 - hole golf
course, hotels, resorts, spas, gardens and beaches.
Al Reem Island attracts AED 25.55 billion within 3 months
The Al Reem Island project has attracted
more than Dh25.55 billion in investments, these investments exclude the
construction of towers and bridges, real estate services, management services,
power plant contracts and various other infrastructural services. These
substantial figures indicate the significance of the island on the
architectural map of Abu Dhabi.
Al Reem Island will be one of the largest
and most impressive tourist developments in the world. The development will be
one of the city's hallmarks and a main tourist attraction. The island will
house hotels, restaurants, gardens, museums, an aquarium, and amusement parks
for children and a diverse wildlife reserve
Al Reem
Island stated that aspects of the emirate's prudent and visionary legislative
system, such as the freehold law, which allows people of all nationalities to
own property, have contributed to the unprecedented demand from foreign
investors for commercial and residential units
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why to invest in Abu Dhabi 
