Various Developments in Abu Dhabi, UAE

Wednesday, September 08, 2010

	Abu Dhabi City - Capital of the United Arab Emirates Abu Dhabi is one of the most modern cities in the world. It is the centre of government and business life in the UAE, headquarters of the emirates oil operating companies and embassies are based here. The architecture of its modern buildings and sky scrapers is the finest in the Middle East. Abu Dhabi's oil wealth has been wisely utilized to encourage a healthy trade and commerce atmosphere apart from oil industries too. The promotion of tourism and various tourism related projects will elevate Abu Dhabi to a Singaporean status in the region. Large gardens and parks, green boulevards lining all the streets and roads, sophisticated high-rise buildings, state-of-the-art communication services and transport, the presence of all the international luxury hotel chains, rich shopping malls, cultural centres and events provide tourists a one-of-a-kind experience all the year round Abu Dhbai City : Abu Dhabi's location on an island makes it compact and accessible. It iss easy to find your way around and the city is fascinating to explore on foot, by hire car or by hopping in a taxi. A busy metropolis of spectacular high rise office towers, shopping malls, restaurants and superb hotels, interspersed with gracious residential districts, the layout of the city even today reflects its origins as a fishing village. Abu Dhabi not only looks outwards to the blue waters of the Gulf, but many of the places of interest to visitors and the main centre of commercial activity lie within five blocks of the sea. This is also the area where the majority of the leading hotels are located and, given their proximity to the water front, a beautiful sea view is almost guaranteed. Highlights: • The Abu Dhabi International Exhibition Centre has hosted some of the most prestigious international events like IDEX (International Defence Exhibitions) etc. • The Abu Dhabi Shopping Festival held every year in early March is filled with fantastic bargains, sale and prizes from all the shopping malls. • The Abu Dhabi Duty Free is one of the finest duty free shopping centres in the world and its prize draw is popular throughout the world. • The Abu Dhabi International Airport ranks among the best airports in the world. • The Abu Dhabi Cultural Centre has become a landmark in the Emirates and holds cultural events and workshops throughout the year. Its library is well catalogued and offers a rich source of information on the region. The Corniche & Breakwater : The recently renovated Corniche is the city's showpiece, with its beachfront location, paved walkways and lush greenery. You will find visitors and residents out and about enjoying this beautiful area at any time of day - strolling, jogging, cycling or rollerblading along the waterfront or taking their families to one of the many children's play areas or grassy parks. At the western end of the Corniche is one of the newest jewels of Abu Dhabi's burgeoning tourism sector - the magnificent Emirates Palace Hotel. From there, a road leads to the Breakwater, an area of reclaimed land off the main Abu Dhabi island. Featuring a luxury shopping mall, water sports club and Heritage Village, this area has a number of Arabic cafes and restaurants along the waterfront and a new marina and housing development are currently under construction. Golf in Abu Dhabi : For the keen golfer, Abu Dhabi offers several options, with excellent clubs boasting world-class facilities and the bonus of ideal weather conditions all year round. Courses are either grass, sand or a mixture of the two. The Abu Dhabi Golf Club by Sheraton features two 18-hole grass courses that will appeal to all levels of golfer; the Garden Course even has a floodlit back nine so players do not need to retire to the clubhouse when the sun goes down. Shopping in Abu Dhabi Abu Dhabi is a shopper's paradise and the range of products and prices is unbeatable. Whether you choose to flex your plastic in designer boutiques or haggle in the local souks, the emirate's shopping options will not disappoint. Gold is very competitively priced in Abu Dhabi and there are many jewellery shops around town, with the biggest concentration of outlets in the Madinat Zayed Gold Market. Popular souvenir purchases include carpets, rugs and textiles from the region, including Iran, Pakistan, India and Afghanistan, Arabian coffee pots (the symbol of hospitality), prayer beads, shisha pipes, antique silver jewellery, khanjars (curved daggers), inlaid jewellery boxes, miniature dhows, brass items and traditional wooden furniture. More about Abu Dhabi Emirate Abu Dhabi is the largest of the seven Emirates and the Federal capital of the UAE. It occupies an area of 26,000 square miles. Its long coastline - the shallow waters of the Southern Gulf, extending from the base of the Abu Dhabi Peninsula in the west to the border of the emirate of Dubai on the north east, was once the world's best waters for pearling. When the pearling industry declined, oil discovery in the offshore oilfields of the Southern Gulf revived the economy of Abu Dhabi. Abu Dhabi was also the first emirate to export oil from the Umm. Abu Dhabi,the cosmopolitan federal capital of the United Arab Emirates is rich in more aspects than just oil. Geographic importance, infrastructure, stability, culture, natural beauty, healthcare, tourism, business environment, to name a few. The annual survey conducted by Economist intelligence unit, part of economist group ranks Abu Dhabi as the No.1 city in the Arab world and 70th in the world. Little wonder, this fascinating new world city is fast becoming "the most preferred destination for discerning investors and luxury lifestyle seekers." Abu Dhabi, the capital of the United Arab Emirates, is one of the most modern cities in the world. Spread across on area of 67,340 kilometers, it is the largest of the seven emirates. Abu Dhabi is the nerve-center of United Arab Emirates governmental and economic activates, with most of the federal ministries, majority of foreign embassies and most petroleum companies located there. Abu Dhabi's oil wealth, which is the highest of all the Emirates, has been wisely utilized to encourage a progressive economy and a healthy trade and commerce atmosphere. The promotion of tourism, trade and industry has further elevated Abu Dhabi to a commendable status in the region. Modern high-rise building, world- class shopping malls and recreational facilities, state- of the are transport and communication services, world - class healthcare facilities, and international educational facilities make Abu Dhabi one of the ideal locations to reside. This thriving city also offers internationally renowned sports facilities including golf, tennis, water sports, horse- back riding, dune driving and sand skiing to name a few. Abu Dhabi is a truly cosmopolitan city with a progressive and tolerant multi - cultural society composed of over 185 nationalities living together. Varrious Project offers: Well-networked roads for easy access and exit Landscaped gardens Supermarkets Medical facilities Sports complexes Health clubs Swimming pools Children play areas Comfortable and luxurious residential units Fine dining restaurants and cafes v Shopping outlets REEM ISLAND: REEM ISLAND (NE of AD island) size: approx 96 million sq foot. * 20 min from AD airport and 15 min from AD Cornish. * The Island is facing Abu DHABI MALL. * 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. (recently launched park towers) * 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. WHY INVEST IN ABU DHABI 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 All registered owners of ABU DHABI apartments will be entitled to a UAE residence visa (to be issued by the relevant ABU DHABI Government authority). Various Projects Expected Completion - Dec 2010 Location - in Abu Dhabi, United Arab Emirates Real Estate Developer - Damac [Damac Properties]