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Up To 2181 Buildings Completed In Six Months |
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A total of 2,181 buildings were completed during H1 of 2018, a growth of 5 percent over the same period in 2017, according to figures released by the Statistics Centre - Abu Dhabi (SCAD) today. Residential units numbered 1,844, or 84.5 percent of the total buildings completed during the first half of the year, while public facilities totaled 86 in addition to 73 industrial, 118 residential-cum-commercial and 47 commercial buildings, while the rest range between agricultural and other types of buildings. The noticeable mobility felt across the construction sector, which is a main contributor to the domestic economy, reflects the urban upswing in the emirate in particular and the UAE in general, according to industry analysts. With regards to building completions by region, Al Ain region comes first with the completion of 1,212 buildings by the end of the first half of the year, therefore accounting for 55.5 percent of the total buildings completed across the emirate, while 869 were completed in Abu Dhabi Region and 100 in Al Dhafra. With regards to the relative distribution for building completions by district and region across the Abu Dhabi Region during the Q2 2018, Al Sa'diyat Isand topped all other districts, accounting for 35 percent of total buildings in the region, while Mohamed bin Zayed City came first during Q1 of the year, in yet another indication of the momentum noticed on the residential sector in downtown, particularly across popular freehold areas. Under the UAE law, non - Emiratis enjoy 100 percent ownership rights across free zones, including Al Reem, Al Mariah and Al Sa'diyat and other such islands, with business indicators corroborating growing demand for homeownership in these areas by foreign nationals, including Chinese, Indians, Pakistanis, in addition to Egyptians, Jordanians, Britons and Germans. |
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