Abu Dhabi Property Prices Are Stable Now

According to one of the leading real estate consultancy companies in the Middle East, Landmark Advisory, October and November are the two months in which the sales have really become active as far as Abu Dhabi real estate is concerned in the year 2009. The demand focused on developments which were just on the verge of completion such as Al Reef villas, Marina Square, Al Bandar and Sky Tower. The investors are looking forward for the completed properties and waiting for the dates to be announced by the developers.

Throughout the fourth quarter of 2009, the transactional prices have remained stable according to company’s latest sales guide and until the properties are handed over in 2010, it is not expected to boost. However, the prices for the properties which are close to competition in 2010 are likely to augment. As the developments are near to the completion date the transaction volumes might get increase which could lead to marginal increase in prices.

A marginal increase of 5 to 6 percent has been seen in the asking price with an exception to Al Bandar property development. This property development in Abu Dhabi will likely to start drawing buyer’s attention by reducing the prices of Al Bandar. Currently a very small number of buyers are active in the market. Moreover, the demand can further be restricted if the delivery dates most notably for Marina Square and Al Bandar are postponed.

Abu Dhabi Land Announces the Completion of Two Mega Projects

Abu Dhabi Land is a part of the Royal Group which was founded in the beginning of the year 2006. This company is a general contracting firm that offers construction. This UAE based contracting giant announced that the Rock revetment works at Dolphin Island, Dredging, Reclamation and Coastal Protection for the Marina Square at Reem Island Sector 1. In the year 2008, Abu Dhabi Land was awarded the Abu Dhabi real estate projects by Tamouh Investments for the Beach works and the coastal Protection at Marina Square Reem Island respectively.

The surrounding areas of the dolphin island project were searched in order to form accessible channels in order to retrieve the island to the required levels and limits.

Abu Dhabi Land is quiet responsible in every aspects starting from the end to end design to technical submittals, commissioning, procurement, delivery and this goes with both the projects. The CEO of Abu Dhabi Land Mr. Syed Basar Shueb said, “We are pleased with the timely completion of these landmark projects and congratulate everyone involved on this mammoth achievement.”

The Marina Square coastal protection works comprises of a sea wall of 1,700 l.m. for shore protection, however, for its safeguard there are Rock Groins and Decorative Panels of its 270 l.m. Beach. At the northeastern coast of Abu Dhabi, Al Reel Island is located and Marina Square is its first part that is to be constructed. The responsibilities of Abu Dhabi Land’s include he construction of the craft marina which has a diameter of about 180 meters. It has a total of 22berths that includes guide piles, pontoons, gangways, a super yacht marina with 12 berths which again includes gang ways, pontoons and guide piles and last but not the least a water taxi courtyard with 7 berths.