Talal Al Dhiyebi, CEO of Aldar Properties, highlights the growth in international demand for property in the United Arab Emirates, particularly in Abu Dhabi. The share of non-resident international buyers has jumped from 2% to 40% in five years, illustrating the growing interest in the region.

Al Dhiyebi also explains Aldar's expansion plans, including the development of the waterfront community on Fahad Island, a $25 billion initiative, and projects in Dubai and Ras Al Khaimah. Aldar is also looking to expand internationally, particularly in Egypt and London, with the acquisition of London Square and four central London sites.

In terms of property prices, Al Dhiyebi sees a healthy upward trend in the UAE, supported by significant investment in infrastructure and development. He anticipates sustained price growth, while remaining vigilant to potential market corrections.

Al Dhiyebi also discusses the recent challenges posed by flooding, highlighting the resilience of the UAE's infrastructure and the importance of continued investment in the face of climate change. He concludes by affirming Aldar's commitment to sustainable growth and continued diversification to meet the needs of its customers.

 

 

 

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