UAE: Abu Dhabi Real Estate

Chapter | Real Estate & Construction from The Report: Abu Dhabi 2020

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...

Abu Dhabi is home to the world’s sixth-largest proven oil reserves and is working to achieve self-sufficiency in natural gas. It has been successfully pursuing diversification, particularly in terms of manufacturing, banking and ICT. While the global Covid-19 pandemic and decline in international oil prices poses challenges for the emirate, the fundamentals underpinning its economy remain strong.

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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 (AUH) and the Barakah Nuclear Power Plant, both of which are due to...

 

Which sectors do you believe will create greater construction activity in the short to medium term?

 

How are flexible payment plans helping boost the number of first-time buyers?

 

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...

 

Faced with challenging conditions in the real estate market, some property developers in the UAE have devised a number of incentives in order to attract buyers. Some are offering loan-repayment schemes to new buyers to facilitate purchases, such as rentto-buy options that enable people to make smaller down payments. Rent-to-buy schemes have a...

 

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...

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