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…
Welcome to the annual International Real Estate and Investment Show, (IREIS), the only real estate event in Abu Dhabi, specialized to target the investors and consumers rather than trade visitors. IREIS will provide consumers from around the world with best options for investment and leading insight into the market trends. This 2-day exhibition will offer you a snapshot of International property…
At a time of downward pressure on sale and rental prices for residential flats and villas, potential buyers and tenants have an opportunity to explore new housing options. According to Statistics Centre - Abu Dhabi, housing costs including utilities fell by 3.7% in 2019. This came as the real estate sector contracted by 1.1% in current prices in 2019, compared to a contraction of 17.4% in 2018.…
Investment in energy and infrastructure has resulted in the development of various mega-project opportunities for construction and engineering companies in Abu Dhabi. These include strategic projects such as the Midfield Terminal Building at Abu Dhabi International Airport and the Barakah Nuclear Power Plant, both of which are due to become operational in 2020. Real estate, meanwhile, has remained…
