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Abu Dhabi is faced with a property supply and demand dilemma! Home to 1.4 million residents at present it is expected to grow dramatically between now and 2030 where it estimated that there will be some 3.1 million residents, an increase of a staggering 1.7 million people.

Oliver Hickey Managing Director of Nexus Development Ltd said, “The Abu Dhabi 2030 plan is set to transform this capital Emirate by 2030.  Over ambitious? Far from it.  This realistic government backed period of growth over the next 20 years will set Abu Dhabi on a pedestal and elevate and secure its position as the hub of the Middle East. However the wealth that Abu Dhabi enjoys, is expected by many to lift it to new heights with many believing that Abu Dhabi will become an international and financial trade hub. Real estate, tourism and infrastructure will be the ultimate winners, but don’t forget the financial backers, whether government owned, large corporations or individuals, they will all benefit from this huge undertaking.”

Already we are seeing the planned benefits of the Abu Dhabi 2030 plan captivate the world’s attention.  The new Grand Prix circuit is already in place to host the 2009 Formula 1 Grand Prix finale. Saadiyat Island with developments of  up to $40 billion earmarked for construction is toasting the near completion of the 1.4km Saadiyat Bridge which will cut commuter time dramatically from Abu Dhabi International Airport to the down town area.

Construction of The Louvre and Guggenheim museums is anticipated as opening by as early as 2014.  All in all, the Abu Dhabi 2030 plan has been instrumental in moving Abu Dhabi into the 21st Century and ensuring its hierarchy status for the remainder of the Century. Even as a world recession knocks on the door, analysts predict there will be little upheaval to Abu Dhabi by recent economic events.

Oliver continues, “With such an increase to the population and tourism figures predicted to grow up to 2.7 million a year over the next five years, Abu Dhabi’s International Airport has planned to increase its capacity dramatically and is expecting up to 30 million people a year by 2030. Bit by bit the jigsaw of Abu Dhabi is starting to show a clearer picture. More cultured and richer than its flamboyant neighbour, Dubai, this modest Emirate is probably one of the most exciting investment regions to date and investors of all backgrounds are set to enjoy a prolonged profitable period as the final pieces slot into place.”