The Capital of Progress
Abu Dhabi has emerged as a popular destination in the Middle East, being home to global attractions and cultural sites, preserving the heritage of the past and creating futuristic landmarks that celebrate progress.
Blessed with abundant natural resources and a vision to succeed, Abu Dhabi has become the best option for investors as it upholds a more stable investment direction.
Abu Dhabi is said to be the best market in MENA (Middle East and North Africa) in terms of the financial strength of real-estate players with its sovereign and private wealth combined with strong government support for the real estate sector. In addition to sovereign wealth funds and private investors, Abu Dhabi has multiple strategic overseas investments and is becoming ever more dominant on the world stage. Through economic reforms aimed at engaging and increasing private sector partnership, Abu Dhabi is all set for its next stage of evolution into the cultural, entertainment and hospitality capital of the region.
A strong economic growth outlook.
- Abu Dhabi's GDP represents more than 60 per cent the UAE's economy and is set to inject AED330 billion into the economy to help fund capital projects from 2013 to 2017.
- Estimated GDP per capita is at $109,000 (approximately AED 400,360) in 2013 with real GDP in 2012 approximately at 4.5 per cent based on 6.4 per cent growth in oil output and four per cent growth in oil output and four per cent growth in non-oil sectors.
- Abu Dhabi ranks sixth worldwide for proven oil reserves, with 10 per cent of the world oil reserves (eight per cent of OPEC's production) and seventh worldwide for natural gas reserves.