Abu Dhabi Property Rates Continue to Drop

The Abu Dhabi property prices continued to fall in the second half of the year 2012 as well. It was reported by Bayut after the end of the second quarter that the property prices in Abu Dhabi are falling. The same happened in the third and fourth quarter as well causing an overall decline of 12 per cent during the year 2012 in Abu Dhabi property sector. The report also says that the year 2013 will see a rise in the already ongoing trend that the gap between the rents of old properties and new properties is increasing.

The experts opine that the trends are going to change after the talks between the central bank of the country and the Emirates Bank Association. They are discussing the terms and a condition of the mortgage laws and this certainly is going to have an influence on the real estate business in the country. In the year 2013 17000 new homes will be delivered in the city which is 2000 more as compared to the last year in which 15000 new homes were completed.

The new developments in the city are more favored by the buyers and the investors and when compared to the old towns and property projects, they are found to be in a better position to give the investor a fair dividend. It is believed that the new properties will be able to give the investors good return but the old ones are not very much in demand right now. But the realty sector may see a respite also as the government has decided to make it compulsory for the employees in Abu Dhabi to reside in Abu Dhabi also if they want to get the housing allowances otherwise they will be ineligible for housing allowances in the country.

UAE reaping Benefits of Education

Education is the order of the day and there is no way one can prosper unless and until the education and literacy. The nations and people, who do not take good care of the studies and education, fail to leave a mark in the world and the ones who seek knowledge and strive for education along with hard work certainly reap all the benefits in the world. Same is the case with the countries and if a country does not have a good educational infrastructure there is no way that it can boost its economy or provide jobs for its people.

United Arab Emirates was also among the many other Arab states that have not been very keenly focusing on education. But during the past few years, the UAE has certainly surpassed most of the countries in the region and today some of the best universities and colleges are opening their campuses in the Dubai City where students from all parts of the world are coming to get the superlative level of education that these education centers offer. They not only offer the finest education but also generate scores of jobs every year and for this reason they are a great source of income for the state.

These universities invite the most learned scholars from across the globe to teach in these universities and with this exceptional faculty, how can the university not allure the students to come here and get the pearls of knowledge from these brilliant teachers? These universities and colleges make Dubai a center for learning and they are helping the residents of the UAE to get better education. On the other hand they attract expatriates from other countries who study here and also stay here in apartments which are a further benefit to the state. Therefore, the education sector is not only guiding the future generations of the residents and paving way for more investment at the same time as well.