Currently, the construction industry is the largest employer by sector in Abu Dhabi, accounting for 29.5% of the employed population in the emirate in 2014 according to the Statistics Centre - Abu Dhabi (SCAD), up from 22% in 2013.
UAE: Abu Dhabi Real Estate
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Articles & Analysis | Reforms have improved labour conditions and safety in Abu Dhabi's construction industry from The Report: Abu Dhabi 2016
Articles & Analysis | Large-scale real estate developments continue in Abu Dhabi from The Report: Abu Dhabi 2016
Real estate development in Abu Dhabi is dominated by large, mostly local government-backed companies, several of which are responsible for the master development of various emerging areas of the city. These developers include Aldar Properties, which has acted as the lead developer on Yas Island. Other major developers include Mubadala Real...
Chapter | Real Estate & Construction from The Report: Abu Dhabi 2016
Real estate development in Abu Dhabi is dominated by large, mostly local government-backed companies, several of which are responsible for the master development of various emerging areas of the city including Yas Island, Al Maryah Island and Zayed Sports City. Meanwhile, the value of construction sector activity in Abu Dhabi increased to $24.9bn in 2014 from $23.3bn a year earlier. Sector...
Thanks to business-friendly government policies implemented over the past 10 years Abu Dhabi is now home to a rapidly diversifying economy that is among the largest in the region, with GDP reaching a total of Dh952.68bn ($259.32bn) at current prices in 2014.
Wide-ranging reforms aimed at regulating Abu Dhabi’s real estate sector and encouraging best practices look set to lift investor sentiment despite the challenging regional economic climate.
The residential property market in Abu Dhabi is defying the broader trend of declining prices in the UAE, as steady demand and a limited supply of new units drives up rental costs.