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Posts Tagged ‘Abu Dhabi’

Abu Dhabi Apartments Laws

Saturday, June 25th, 2011

AbuDhabi is the richest Emirates of the seven emirates of the United Arab Emirates. The richness is specially the result of the reported release of surplus oil revenues for major infrastructure, industrial, commercial and residential projects. Before the financial reforms, AbuDhabi apartments or villas for rent in Abu Dhabi belong to the ruler of the city. And therefore, both commercial and residential construction was financed by government agencies. However, with the economical reforms, developments comprising AbuDhabi apartments now will be funded and developed by the private sector. It is expected that the construction industry will skyrocket in next 15 years as is evident from various development projects such as ‘Al Reem Island’, ‘Al Raha Beach’ and ‘Saadiyat Island’. The Higher Corporation for Specialized Economic Zones encapsulates major projects such as the development of ‘Lulu Island’, Mina Zayed Port and various Industrial Cities throughout the Emirate.

It is also expected that the more private investment would rush into the development of real estate, there will be more competition in the market and that will eventually benefit both individual and institutional buyers. Villas for rent in Abu Dhabi are very attractive for those residents who have come for a short period of time. Hence, the booming economy of AbuDhabi as well as terrific inflow of tourists are major reasons why there is an increase in Abu Dhabi apartments. The reformative legal structure of Abu Dhabi instead of ownership of property and the positive outlook of the economy made it possible to attract investors and generate economic growth. With this legal structure, it is also possible for the residents to directly invest in property and generate growth. This has eliminated the need of paying dead money in high rents.

Mostly, long term residents are attracted to Abu Dhabi apartments because the legal structure is such that it gives them the ownership right without really being bothered about contracts and other time consuming and laborious formalities. In order to buy apartments in Abu Dhabi or rent villas, it is advisable to take the help of reliable real estate service providers. It is necessary that such providers know the local nuances of the property market and can guide you properly. Mostly, such service providers have great connections to local real estate dealers and companies. Therefore, they can hold your hand in the right direction by understanding your needs to own a property or to rent villas in Abu Dhabi. But, before opting for such real estate service providers it is important to check their credentials and how they have performed in past with other clients.

Spending Wonderful Christmas in Abu Dhabi

Wednesday, March 23rd, 2011

Christmas in Abu Dhabi is really quite a happening time of the year. Although it is an Islamic state, the high numbers of expatriate workers present in the city from all corners of the world give it a relatively westernised outlook. Pairing this with the huge number of tourists that flock to the city in December in order to escape the cool winters elsewhere, it can be easy to see why Christmas can never truly escape the largest emirate state. There are so many people keen to celebrate Christmas in Abu Dhabi and you will find that the cities are packed at this time of year.

The great number of hotels and shopping malls throughout the city are decked out in Christmaslights and decorations during the festive season and one thing that expatriates look forward to once December comes round is the Christmas Tree lighting ceremony that many hotels host as part of their festive events for the month. Abu Dhabi also fails to escape Santa Claus, as he makes an appearance in various hotels, interacting with the children while choirs sing traditional Christmas songs in the background.

So if you live in Abu Dhabi, or are thinking about relocating to the emirate to start a new life, you need not worry about the lack of a Christmas – decorations, choirs and Santa Clauses fill the city so you can feel perfectly at home. If you can do without snowy weather but like heat and beach barbeques instead then you should be perfectly fine!

Christmas is a time for togetherness, and with the huge amount of expatriates that have settled inthe city, you certainly won’t be on your own in celebrating the festive season. Abu Dhabi is vibrant and cosmopolitan and one of the richest cities in the world, with a great deal of new properties being constructed for expatriates. Most expatriates decide to settle in villas and apartments, but like anywhere, prices vary, and to find the best property in Abu Dhabi you should look online and search a number of letting agents before deciding which is more suited to you.