Abu Dhabi stands at the forefront of the MENA region’s economic growth, boasting a 9.3% growth rate in 2022. Looking ahead, the emirate’s ambitious roadmap, the Abu Dhabi Economic Vision 2030, charts a course for economic transformation. A key goal of the roadmap is to substantially reduce reliance on hydrocarbons, with a target of achieving 64% of GDP from non-hydrocarbons sectors by 2030. Th
Interview:Hamad Hareb Al Muhairi In what ways has recent population growth affected the housing market, and what strategies can address increased demand? HAMAD HAREB AL MUHAIRI: Abu Dhabi is committed to maintaining growth in all economic sectors, including government housing. Based on its role in developing and implementing housing programmes for UAE citizens, and setting related regulations…
Interview:Talal Al Dhiyebi In what ways is Abu Dhabi’s push for diversification influencing the property market? TALAL AL DHIYEBI: Over the past decade the emirate has intensified its diversification drive, in line with the Abu Dhabi Economic Vision 2030. Key investments span multiple sectors, including education and health care, as well as infrastructure projects such as the airport and Abu…
Interview:Majed Odeh How would you evaluate real estate investment opportunities, and which segments are likely to experience high growth in the coming years? MAJED ODEH: The real estate market in the UAE, and specifically in Abu Dhabi, has continued to expand rapidly, with demand experiencing significant growth. This increase is primarily attributable to the country’s strategic vision of attracting…
Abu Dhabi’s construction and real estate sectors posted a strong performance in 2022, reflecting the overall positive growth in the emirate. Construction grew by 7.6% to Dh86bn ($23.4bn), contributing 7.8% to Abu Dhabi’s GDP and solidifying its position as one of the most important non-oil sectors of the economy. Concurrently, real estate has seen a flurry of activity, marked by an 8.5% increase…
With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with governments tapping into data-collection infrastructure…
Abu Dhabi’s real estate and construction sectors performed well in 2022, contributing significantly to the emirate’s non-oil growth. Construction expanded by 7.6%, reaching Dh86bn ($23.4bn), or 7.8% of Abu Dhabi’s total GDP. At the same time, the real estate market witnessed an 8.5% increase in transaction values and a 27.2% rise in transaction volumes, reflecting strong market activity. Several…
The Future Landscape and Playspaces Abu Dhabi is taking place on 13 – 14 June 2023 in Abu Dhabi, UAE and will provide a unique platform for the top decision-makers from the government, public and private project owners, developers, architects, consultants, contractors, recreation and facilities managers as well as equipment and solution providers to meet, network, and help shape the city's…
– Building and construction industry accounts for 38% of energy-related carbon emissions – Gulf countries are among those with the highest ecological footprint – Major projects such as the Dubai Urban Master Plan and Masdar City highlight the region’s progress – Continued investment needed to meet future sustainable construction goals As industries around the world increasingly turn…
In recent years Abu Dhabi introduced a number of legal changes designed to make the real estate market more attractive for expatriates. It is hoped that, in turn, a more established foreign population will increase foreign direct investment and boost the economy further. In April 2019 Sheikh Khalifa bin Zayed Al Nahyan, president of the UAE and ruler of Abu Dhabi, issued an amendment to the…