The residential segment was the first in Abu Dhabi’s real estate market to experience recovery from the sustained post-2008 downturn. Prices in the segment have been rising since the end of 2012, when, according to Jones Lang LaSalle (JLL) data, asking prices for residential units in investment zones (areas where expatriates are allowed to buy apartments) in the emirate...
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Articles & Analysis | The upturn is being sustained by a profusion of upcoming projects from The Report: Abu Dhabi 2015
Articles & Analysis | Centralisation of the process may bring short-term challenges, but the change is set to improve efficiency over the longer term from The Report: Abu Dhabi 2015
Known as Musanada (meaning “support” or “assistance”), the Abu Dhabi General Services Company is charged with providing assistance and support services for all government departments, agencies and entities, as decided by the Abu Dhabi Executive Council. Established in 2007 to provide a variety of support services, including procurement, to Abu Dhabi government entities,...
Interviews & Viewpoints | Saeed Al Ghafli, Chairman, Department of Municipal Affairs: Interview from The Report: Abu Dhabi 2015
How do you respond to those calling for greater uniformity amongst government institutions with regards to public tender processes?
Articles & Analysis | Growing demand and tight supply seem likely to continue over the next few years from The Report: Abu Dhabi 2015
The real estate sector in Abu Dhabi is currently in a period of growth and rising prices, after a downturn following the global financial crisis that began in 2008. According to a real estate market overview for the emirate by Jones Lang LaSalle (JLL), the third quarter of 2014 saw all segments simultaneously in recovery for the first time since 2008. The firm reported...
Articles & Analysis | The upturn is being sustained by a profusion of upcoming projects from The Report: Abu Dhabi 2015
As of April 2014, the total value of construction projects under way or in the pipeline in the UAE stood at $727bn, according to estimates from the Middle East Economic Digest (MEED), making the country the second-largest construction market in the GCC. Some 36% of this amount was made up of mixed-use developments, followed by...
Chapter | Real Estate & Construction from The Report: Abu Dhabi 2015
The real estate sector in Abu Dhabi is currently in a period of growth and rising prices, following the global financial crisis that began in 2008. As of the third quarter of 2014, all segments of the market were in simultaneous recovery for the first time since the downturn. The government is set to continue promoting market stability, maintaining its high level of involvement in real estate...