As construction projects ramped up in 2013, the Statistics Centre - Abu Dhabi (SCAD) announced plans to expand the number of indicators included in its monthly report on construction costs. By the end of the year, SCAD announced that it would begin monitoring the price of land and transport in the building material price reports, which currently...
With the goal of upgrading existing facilities and laying the foundations for future economic growth, the Abu Dhabi government is investing billions in public infrastructure. Transportation and energy projects comprise about a third of planned or existing construction spending in the UAE, according to a recent report from ...
The UAE overtook Saudi Arabia as the Gulf’s largest construction market in terms of contracts awarded in 2012, with the biggest tender coming from Abu Dhabi for the construction of a new terminal at the expanded Abu Dhabi International Airport. In 2013, the UAE construction market continued to post growth, led by Abu Dhabi’s capital investments...
After nearly five years of decline, rents in Abu Dhabi’s real estate market are stabilising, with prices for grade-A office space holding steady and prime residential rents rising for the first time since 2008-09. Driven by government investment in infrastructure and economic and social development projects, along with increased regional...
After a period of rapid growth in 2008 and early 2009, the construction sector has settled into a more moderate pattern in recent years, with contractors primarily wrapping up legacy projects in 2011. However, 2012 began on a positive note, with the government announcing in January that it would resume some previously delayed projects. Nonetheless,...
The authorities in Abu Dhabi have a long-term vision for the emirate, one that encompasses not only economic diversification but also carefully orchestrated urban growth that is sustainable and reflects the local culture. The Urban Planning Council (UPC), a government agency established by Emiri decree in 2007, plays an important role in this...
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