New firm set to tap Abu Dhabi’s real estate potential
April 27th, 2008 - Category: Real EstateOcean View Abu Dhabi, a new real estate company has been formed as a partnership between SBK Holding and Dubai-based real estate consultancy Ocean View.
Since Abu Dhabi’s potential as an attractive property destination is just beginning to be tapped, the new company will market the capital’s properties, including some waterfront developments, to high net worth individuals from the region and the globe.
Property analysts say that Abu Dhabi is emerging as one of the strongest players in the regional market with real estate businesses reporting growth rates of up to 25 per cent annually. “The freehold property market in Abu Dhabi is in relative infancy, and there is the need for a focused and aggressive player to effectively market the emirate’s growth potential to investors,” said Tim Boswell ,MD of Ocean View.