Abu Dhabi Real Estate Market Gains Momentum - A Sign of Times to Come!

ABU DHABI, United Arab Emirates, November 20 - In what has been the most promising news-to-date - under the current
recession-hit times - Abu Dhabi is seeing a steady flow of business owners
and investors making their foray into the emirate's real estate market.

Mr. Tej Kohli the Ozone Holding group founder, says, "Now is the perfect
moment to invest in Abu Dhabi. There are definite signs of growth in terms of
property prices and real estate investments, as can be seen in the fourth
quarter of 2009; while the year 2010 is slated to be a year of stability,
with new direction for the real estate sector."

While the recession wreaked havoc elsewhere, it gave Abu Dhabi the
advantage of incorporating its real estate governance and statutory
frameworks, while also preserving evenness in the demand and supply strata of
the market. Mr. Kohli holds great appreciation of Abu Dhabi's dedication
towards assertively pursuing extensive infrastructure projects, in spite of
the global economic slowdown. This, he believes, are important steps taken by
the authorities to bolster international attraction and awareness on Abu
Dhabi.

With the recent injection of much needed funds in its banks through
capital notes the UAE government has helped bolster confidence in its
investors and consumers alike. "It is an excellent move by the Abu Dhabi
Government to reassess its support to Abu Dhabi banks; these funds will
certainly boost the financial sector and more importantly, build morale among
investors," Kohli elaborates.

For the economy, the funds along with the confidence boost may help
release credit origination, by being channelized to specific infrastructure
projects whose completion would have been jeopardized by financing troubles.

Kohli further states, "Acts such as these strongly support the emirate's
banking economy; to endure untoward impacts of domestic and global calamity
and be in a more dependable position than most other territorial peers. By
ensuring that Abu Dhabi's financial establishments are well-benefitted, the
move is destined to fortify the banking sector - a 'sine qua non' for
restituting lost confidence and for firmly establishing economic activity
through the support of credit expansion."

The recent announcement on residency visas is yet another shot in the arm
that will jumpstart market appreciation and long-term market stability in
Dubai and the UAE, especially in the property division.

Mr. Kohli, however, is of the opinion that the market as a whole should
have a blend of both low return/low risk affordable housing and high
return/high risk niche sectors in the long run. He says, "It is imperative
that developers centre upon sustainable living accommodations in a more
panoptic view to keep development and cash revenue streams running even
during future downspins. Niche segments need to be focused upon, as the
emirate will always produce opportunities to serve the niche segment in a
progressive economic rundown."

As an investor with a long term perspective, Kohli is of the opinion that
the reason why the Abu Dhabi property sector has been able to endure the
downturn relatively well in the first half of 2009, was due to the fewer
number of speculators in the market, coupled with high demand for rentable
space in Abu Dhabi in general.

According to research reports on the emirate's property sector, a 15 - 52
per cent correction of property prices in Abu Dhabi after almost two years of
rapid increase has forced out short-term speculators. The speculators who had
driven the market to its euphoric heights have largely been flushed out,
while inflated prices are touching realistic levels. This is a confidence
booster for both investors and local buyers.

Kohli affirms, "Buyers with a longer term view and staying power are
hopefully going to help stage the restoration of this very lucrative market.
The stage is set for a strong comeback in the Abu Dhabi RE market somewhere
by mid 2010."

While real estate is on the ascension, Abu Dhabi is also busy
consolidating its status as a budding pivot of the developing Arab space
industry. This fact will be made more prominent when an acclaimed
international team of experts and principal decision makers assemble in the
UAE capital for next month's Global Space Technology Forum, hailing Abu
Dhabi's liberal role in this regional development.

George Beecroft of Ozone Holding, +971501046500, info at ozonerealestate.com