A $3.5 billion colossal “nature” island in Abu Dhabi announced by Mohamed Alabbar

Most of us know how fascinating real estate in UAE is. With tall buildings, luxurious residential areas, and new and exciting innovations coming up every now and then, UAE is always in the talks. And as a result of this growing popularity, UAE has gained its place among the most attractive real estate investment destinations in the world. 

The Ever-Expanding Real Estate in UAE

There are many reasons why investors find UAE, especially Dubai, a charming place to invest in real estate. These include the atmosphere, the economy, the tax structure, and so much more. In addition, real estate in UAE is booming and seeing exponential growth. Hence, now is the right time to invest in real estate in Dubai and UAE. This is due to the many new developments and projects that are being announced and developed here.

One such project is the $3.5 billion colossal “nature” island in Abu Dhabi. Arabian Business reported that Mohamed Alabbar would soon unveil a magnificent new $3.5 billion island venture off the coastline of Abu Dhabi. Ramhan Island is an ambitious development that will include a marina and a hotel in addition to its 1,800 beachside villas and 1,000 premium residences. It is being built by the Emaar founder and Americana chairman’s private Eagle Hills development firm.

Just three months earlier, Alabbar had opened the $2.5 billion Durres Yacht Club and Marina in Albania. Alabbar also stated that properties located by the coast “are usually looking at a 35 percent premium on their value.”

Dubizzle and Bayut, two real estate websites, released reports in the previous month indicating that the high-end of Abu Dhabi’s real estate market had tremendous growth in 2022, with the average price per square foot on Saadiyat Island increasing by close to 13 percent.

Such projects are sure to attract many investors and will help boost the real estate market in UAE even further. So if you’re thinking of investing in real estate, this should be your top choice.

Not only will your investment be secure in UAE, but you can also expect to see significant returns. With a stable economy and strong infrastructure, investing in real estate here is a smart move for anyone looking to grow their portfolio.

Looking for Real Estate in UAE? We Are Here to Help!

In case you’re considering real estate investments, RGEstate is the kind of trustworthy and knowledgeable real estate agency you’ll want on your side. With our assistance, you can locate a suitable investment property and benefit from our expert advice and direction at every step. We know the market inside and out, and we can assist you in making wise choices that will increase your ROI.

Contact us today to learn more about how we can help you with commercial and residential real estate investments in Dubai.

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