Will the Louvre Abu Dhabi’s opening have a knock-on effect on real estate prices?
While this month’s opening of the UAE’s newest icon, Louvre Abu Dhabi, is expected to add vigour to the country’s tourism efforts, stakeholders in real estate are hoping the positive sentiment will have a knock-on effect on property. It is still too early to tell how rents and prices in the Saadiyat neighbourhood will react to the Louvre’s opening, but real estate consultants expect a boost, in the same way landmark projects such as the Burj Khalifa pushed demand for nearby properties.
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