Syed Mohammad Ali & Najia Mahboob
CEO of Fortune Group and Director of Business Development of Fortune GroupMoody’s believes that the region’s property boom is driven by strong fundamentals and rules out that the bubble being built could be pierced.
Andrew Chambers
Managing Director of AstecoDecree No.27 for 2007 states that “rent will be capped by 5%, which is a drop of 2% from 7% last year. In 2008 we have seen the rent lower from 7% in 2007.
Muath A. Jalil
General Manager of Rasyat Real EstateI am not saying we are only short – we are suffering from the short supply. To recover from that short supply, we need a minimum of more than 6 years of development to cover such a supply. As has been planned by one of the codes of the Urban Planning Council, so far up to this year, there is a 270 billion US dollars project launch, and there is another one expected within the next two years of 190 billion US dollars, to be launched again for more projects.
Lesley Sayle
Central Project Officer of Union PropertiesMotorcity is the first project of its kind in the world. It’s been operational for about three and a half years. It started with the Dubai Autodrome, which is the racetrack. It’s developed into a development that consists of five components. Dubai Autodrome is the first one that we launched, about three and a half years ago, and we’ve been hosting a number of races; there’s also the race school with a race track.
Ronald Barrott
CEO of AldarThe size of the gap between supply and demand now in the Abu Dhabi real estate market has been estimated to 29,000 units, and is expected to reach 83,000 units by 2017.
UAE Zones: Dubai Investments Park
General Manager of Dubai Investments Park Mainly, we are not a free zone area so major tenants or clients are GCC market companies and from the domestic market, especially after converting so many areas from industrial to commercial, this is the ideal location or solution for those who have been shifted or are going to shift from their old industrial location to the Dubai Investments Park.
Abdallah Hageali
CEO of Tameer”We’re considered one of the leaders in this market, what was done of in 3 years is a great achievement.”
Lee Smith
COO of TamouhI think the future here is very exciting. Abu Dhabi is the capital city of the UAE, and it’s also the largest emirate of the federation of the United Arab Emirates. It is growing; the whole region is growing and Abu Dhabi has to project itself as an international capital city. The market is very much driven by that. The growth of Abu Dhabi is going to increase. We have the 2030 report, which has come out from the Executive Council and the government of Abu Dhabi. It projects that we will grow from a population of 900,000 to somewhere round about 2.8 to 3 million by 2030.