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Investments pertaining to real estate in Abu Dhabi are supposed to cross Dh 200 billion by 2012, a new study says. Findings of a leading property firm in the UAE lauded government efforts for creating huge demand for residential property in the UAE capital city.
Abdullah Atatreh, chairman of the Bonyan International Investment Group said: "We have identified the emirate as a highly potent market that can accommodate various large-scale developments through its modern and liberal growth policies."
The formation of Abu Dhabi Commercial Properties is accelerating the real estate market which is expected to have an extra 140,000 housing units by 2013. The real estate firm added that the construction industry accounts for over 60 per cent of the United Arab Emirates' GDP.
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