Is Abu Dhabi City the Next Dubai?

So is Abu Dhabi the next Dubai? We think so. Except Abu Dhabi is much smarter, more patient and richer! They have carefully studied the mistakes Dubai made on its way up. One of the causes of the global economic recession which began in 2008 was the economic mistakes made by Dubai. Abu Dhabi might make new mistakes of its own, but it certainly won’t repeat Dubai’s.

Along with that, Abu Dhabi has a much stronger financial foundation than Dubai. Dubai relied heavily on trade at its ports, tourism (hotel industry) and real estate appreciation due to the expat revolution when jobs were on the rise. Petroleum reserves constitute less than 7% of the annual GDP. Abu Dhabi however was sitting on over 50 years of oil reserves as of 2008. They are just naturally more gifted.

Abu Dhabi is also known to be more conservative economically. For instance, we do not think that it will gamble away futuristic oil revenue and securitize it so as to borrow money to rapidly develop real estate projects like Dubai.

Apart from the core fundamentals, the main problem of Dubai is that it did not use enough forethought in predicting the future economic scenario. We wouldn’t say that the administrators of Dubai failed to see what was coming, rather it did not care to even think about it. If you have looked at the 60 Minute interview with Sheikh Mohammed you know what we’re talking about (a must-watch video).

We've decided to dedicate some of our time developing this small sub section of our web-site. We plan on covering some of the same topics we covered for Dubai. We would keep adding to it as we continue to visit and learn more about Abu Dhabi City. We hope to be your guide as the city progresses in order to become a solid and desirable Emirate-Nation, we would constantly try our level best to provide enough information so as to act as a guide to promote the emirate.

More jobs would be created as Abu Dhabi develops and more expatriates will move causing the real estate infrastructure to develop and numerous industries in order to support a growing Emirate. Think about the development of Dubai. This will be no different on the surface, however much stronger in its foundation, fundamentals and future plans. At least that’s what we believe, and that’s what AD has promised us all.
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