SUBSTANTIAL BOOM

Abu Dhabi 2019 | URBAN PLANNING, REAL ESTATE & CONSTRUCTION | COLUMN

TBY talks to Jasim Al Ali, CEO of FAB Properties on Real Estate sector.

Jasim Al Ali

What growth opportunities will be fundamental in the coming years?

The Abu Dhabi real estate market is entering an exciting and dynamic phase, and the next 10-20 years will see a substantial boom. The strength of the economy and the quality of infrastructure are both key factors for future expansion, while the increasing demand for modern housing will also fuel growth and incentivize construction. Growth in the real estate sector has happened alongside the development of the regulatory framework, which has seen steady improvement across the board. Regulation has been vital for market confidence, and the Abu Dhabi real estate sector offers excellent value for investors across the spectrum.

What will be the major changes in the way Abu Dhabi lives and works in the future?

Overall, the entire industry will see a marked improvement in the coming years. Regulators play a crucial role in driving this change and furthermore, the way people live and work is evolving, and these changing demands will transform the entire sector. The government is receptive to this transformation and is playing an active role to facilitate change. In this context, FAB Properties will be able to leverage its expertise and create value for the residents of Abu Dhabi.