Abu Dhabi is the nerve center of UAE government and economic activities with most of the federal ministries, foreign embassies and petroleum companies located here. There are numerous ongoing development projects in the city and therefore it's easy to understand why a substantial increase in residential and commercial property is required. The Property Law, signed by President H.H. Sheikh Khalifa bin Zayed Al Nahyan on 10th August 2005, allows expatriates to invest on a leasehold basis within the Investment Areas. It is believed that the frenzy that has been the Dubai Freehold property scene over the last few years is now set to be matched in Abu Dhabi.