Michael Shvo Real Estate

Middle Eastern countries, such as Abu Dhabi, Saudi Arabia and Qatar are all now in expansion mode as high oil prices and a desire by rulers to invest in their country’s infrastructure

Michael Shvo Invests in Abu Dhabi

combine to create an atmosphere of growth and improvement.

Michael Shvo, the President and CEO of the real estate marketing firm called SHVO explained why the risks in these locations are small.

“If the governments are putting money into the markets, then we can all put money in because the governments are not going to let the markets collapse,” says Michael Shvo.

While Abu Dhabi, Qatar and Saudi Arabia are experiencing rapid growth and increased investment, Dubai is struggling. After a period of growth and excitement the property market in Dubai collapses when demand and lack of credit dealt a “one-two” punch to the market.

This has not prevented foreign investors from putting their money into neighboring countries with better prospects and potential for growth. Up-scale property  marketers such as Michael Shvo, who has an office in Dubai and New York, is especially excited by the prospects for real estate in Abu Dhabi.

Tags: Middle East Real Estate, Real Estate, Shvo in the News

This entry was posted on Thursday, December 17th, 2009 at 10:13 am and is filed under Dubai, International Real Estate, Shvo in the News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.