Abu Dhabi property regulations "will protect everyone"

16/04/2009 - Dubai Investment News
Abu Dhabi property regulations "will protect everyone"

Measures to protect those who invest in the United Arab Emirates (UEA) are set to help ensure the region thrives, it has been stated.

Salem Al Moosa, chairman of Falconcity of Wonders - explained that government support is helping to support the economy as a whole.

And with those buy UEA property being protected by recent Real Estate Regulatory Agency action, he suggested that this is likely to continue.

"The new regulations will protect everyone," said Mr Al Moosa.

He also highlighted government steps to back infrastructure, as well as the banking system and market development.

The Falconcity of Wonders project is set to feature replicas of famous structures such as the Pyramids and the Eiffel Tower and will include entertainment facilities, restaurants and shopping malls.

Last week, Abu Dhabi's Urban Planning Council released designs for the Al Ain city development - based on the plans of the crown prince, His Highness Sheikh Mohamed bin Zayed Al Nahyan.

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