Prices of Abu Dhabi Properties Rising Like Mercury

Abu Dhabi is the largest and the richest state of all the seven states of the United Arab Emirates. It is the largest producer of oil as well and thus has hegemony over the state of affairs in the union. Though oil remained its main source of income for years but constant e fforts of the Abu Dhabi administration have borne fruit and now Abu Dhabi properties and tourism along with other sectors make up 64% of the GDP of the state. This was only possible after the administration took the decision to bring the tourism industry to the forth.

In the recent years the Abu Dhabi city has developed a number of tourist attractions in the city which have certainly helped bring its true potential to the fore. With high mountains and a sea flirting with the sun-hot sand of the beach, Abu Dhabi has got everything to charm the tourists from across the globe. With its ever rising tourism industry, the Abu Dhabi real estate market has also seen a boost and within a few years the prices of Abu Dhabi property have leapt past several barriers and today it stands as one of the most expensive realty markets in the world.

Abu Dhabi properties stood steadfast during the recession period as their prices never deteriorated in that crunch period as much as the important cities of the region. Even Dubai real estate was unable to perform as good as Abu Dhabi’s during this era. However, Dubai real estate has covered the deficit in the recent months and once again it is on a rise but Abu Dhabi real estate has really made some considerable progress during this era and is just lagging behind with a few steps from the strong Dubai real estate and the property gurus believe that if the Abu Dhabi market keeps rising the same way, the day is not far when it will surpass the Dubai property prices as well.