Operating the four star business hotel will be Intercontinental Hotels Group. The beautiful hotel is located right in the centre of the city and only 20 km from the Abu Dhabi International Airport. The location is simply idea for both leisure and business travelers.

With over 200 rooms, including suites and executive rooms, this hotel caters to the business visitor. There are two restaurants, a business center, a café lounge, a bar, and conference rooms. Leisure facilities, such as fitness centers, are also on property.

The Holiday Inn Abu Dhabi was built by National Projects & Construction. The project management was through QP International and landscaping was through Q-Scape. The finished hotel is one of dynamic curvilinear forms, with glass and metal surfaces. Al Quadra Real Estate believes this hotel will compliment Abu Dhabi’s development.

This is another sign that is enough cash left over in the Gulf governments, despite the current economic woes. The announcement of the investment can one day after Qatar’s sovereign wealth fund announced it has boosted its stake in Songbird Estates PLC. Qatar Holding is now the biggest shareholder of the same company that owns Canary Wharf in east London.

Aabar’s chairman Khadem Al-Qubaisi, said that the company is delighted to invest in such a strong entity.  They hope to strengthen the existing relationship with Banco Santander.

As Abu Dhabi’s most active investment fund, Aabar has also bought a 9.1 percent state in Daimler and almost a third of Virgin Galactic, which is a commercial space travel company. Aabar is controlled through a majority stake  that is owned by the state-run International Petroleum Investment Company.

Discovery Gardens is becoming very popular with people who work in Abu Dhabi because the rents are so much cheaper. This is rather a reverse that Dubai saw in 2007. Many tenants moved to Sharjah because the rents were lower there in 2007-2008. Some of these tenants are now returning to Dubai and places such as International City. These are becoming more and more affordable due to a 30 percent decrease in rents in 2009.

Dubai Studio rents, such as in Jumeirah Lakes Towers, fell slightly in September from August, although many of the two and three bedroom villas and apartments saw no change. Many experts hope it’s the beginning of the end of the financial housing crisis that has griped Dubai in the past year.

Right now, there is around $4 billion for that support says Farouk Soussa, who heads the Middle East government ratings at Standard and Poor’s. At the Dubai International Financial Center Economic Conference, he said that this was simply insufficient. At the worst of the world’s financial crisis, the United Arab Emirates central bank out of Abu Dhabi underwrote the first half of a 20 billion bond program that was created to bail out the struggling economy.

It is expected that the UAE central bank will once again step in to help. If not, then the help may come from the Abu Dhabi government. Some analysts think that Dubai will be able to raise the money by November.

Part of the financial crisis has been the falling real estate prices, with many areas seeing a 50% reduction in property values. However, there is also $50 billion in debt that will be due in the next three years. For the present time, it’s uncertain how Dubai will work to repay this debt.