Abu Dhabi is chugging along with their expansion in both real estate and infrastructure projects during this down economic time. This is the reason that many UAE officials are very optimistic about a huge growth boom in the next couple of years. In fact even right now there are major housing shortages in Abu Dhabi, which is resulting in Dubai receiving much of the spillover tenants that need homes. Abu Dhabi is seeing more people commuting in from Dubai now than ever before.
Ahmad Abu Ghaida, Acting Director General of Abu Dhabi Economic Planning has been quoted saying that Abu Dhabi may see double digit growth in 2010 and 2011 as major Abu Dhabi developers move ahead with massive projects.
As I have always believed, Abu Dhabi has the right business sense to keep it’s economy stable and growing through smart, well thought out and concise real estate ventures, projects, and key acquisitions.
News source: http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2009/May/business_May394.xml§ion=business
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