Will The Future Of Abu Dhabi City Be Like That Of Dubai?

So is Abu Dhabi the next Dubai? We think so. Except Abu Dhabi is much smarter, more patient and richer! The mistakes committed by the administrators Of Dubai on its way up have been comprehensively analyzed by their Abu Dhabi counterparts. One among the causes of the global economic recession that started in 2008 was the financial mistakes made by Dubai. Abu Dhabi might make new mistakes of its own, however it certainly will not repeat Dubai’s.

In addition, 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 expatriate revolution when jobs were on the rise. Petroleum reserves constitute less than 7% of the annual GDP. However, as of 2008, the petroleum reserves in Abu Dhabi is said to last over 50 years. They’re just naturally more gifted.

Abu Dhabi is also known to be more conservative economically. For example, we don’t think that it would put its futuristic oil revenue at stake and securitize it to borrow money to rapidly develop real estate projects like Dubai.

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

We have decided to dedicate some of our time developing this small sub section of our web site. We intend on covering some of the same topics we covered for Dubai. As we continue to visit and get to know more about Abu Dhabi city, we’ll keep adding to it. As the development of the city of Abu Dhabi happens, we will constantly try our level best to provide sufficient information so as to act as a guide to promote the emirate.

More jobs could be generated as Abu Dhabi develops and more expatriates will move causing the real estate infrastructure to develop as well as several industries to support a growing Emirate. Think about the development of Dubai. This would 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 is what Abu Dhabi has promised us all.
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