Video: The silver lining in the UAE's oversaturated real estate market

Wed 19 Jun 2019 11:29 AM GST
Masaood Developments LLC, the privately owned Abu Dhabi based property developer backed by the affiliate of Al Masaood group of companies', today reported that its residential project Azure Al Reem has made rapid strides since launching just four weeks ago.

To date, nearly two thousand people registered their interest in purchasing a property in the new waterfront apartment complex. Working with real estate advisor Savills, Masaood Developments LLC analysed market and customer demand, and created a unique, affordable and low entry cost way to buy premium property in Abu Dhabi, which is proving popular with Emiratis and expatriates alike.

Recent government changes to freehold ownership have also had a positive impact on interest in the project. Ideally situated in a prime location on Al Reem Island, with views towards the iconic Louvre Abu Dhabi, it is the first project to be available to foreign expats under the government’s new legislation.

(Source: Arabianbisiness.com YouTube channel)