Although Abu Dhabi may have faced the twin headwinds of lower oil and gas prices and reduced international trade in recent years, funding for education has remained a key priority for the UAE’s federal government. In November 2018 the UAE Cabinet approved a balanced federal budget of Dh60.3bn ($16.4bn) for 2019. This represents a 17.3%...
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
Although it has become a strong contributor to economic diversification, Abu Dhabi’s real estate sector is being put under pressure by slower growth, brought on by the period of low global oil prices that started in 2014. Public and private sector spending cuts since 2015 have been reflected in capital value, with rental rates declining to...
In response to increasingly challenging market conditions, how is the DPM approaching the rationalisation of ongoing property development?
How does Senaat ensure the stability of industrial businesses amid volatile market conditions?
The March 2018 announcement of a Dh30bn ($8.1bn) joint venture (JV) between Dubai-based Emaar Properties and Abu Dhabi’s Aldar Properties has created a wave of interest in the potential of such arrangements for the broader real estate sector. While the Emaar-Aldar agreement is unique in its size and scope, Abu Dhabi has seen an uptick in the...
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