With the heavy dependence on low-paid expatriate employees and upward rent pressure, residential developments for laborers are becoming an evermore important facet for real estate developers. Department of Planning and Economy (DPE) cautioned that the city faces a housing challenge as the demand-supply proportion in middle and lower-income remains unequal.
Government officials have the opinion that developers were focused too much on high-end properties, neglecting the provision of more inexpensive housing, and floated the idea of forcing companies to allocate 20% of their housing units to low-income families. Commenting on the situation of low income group housing problem one expert said: 'The housing shortages are well recognized and nowhere is it more acute than at the lower end of the market. The Government has long acknowledged the importance of providing accommodation for workers in Abu Dhabi. In order to tackle this problem real estate developers of Abu Dhabi have started taking measures to regulate the quality of the accommodation and provide a good environment for residents.
The availability of low-cost housing is an integral part of attracting international businesses to relocate to the emirate. The main concern of the developers should be the quality according to international standards and specifications and will be model residential cities with residential areas, recreational areas, restaurants, health clinics, public areas and parks, and mosques, along with all the essential services.
Sunday, July 27, 2008
Need for Affordable Housing In Abu Dhabi
With the heavy dependence on low-paid expatriate employees and upward rent pressure, residential developments for laborers are becoming an evermore important facet for real estate developers. Department of Planning and Economy (DPE) cautioned that the city faces a housing challenge as the demand-supply proportion in middle and lower-income remains unequal.
Government officials have the opinion that developers were focused too much on high-end properties, neglecting the provision of more inexpensive housing, and floated the idea of forcing companies to allocate 20% of their housing units to low-income families. Commenting on the situation of low income group housing problem one expert said: 'The housing shortages are well recognized and nowhere is it more acute than at the lower end of the market. The Government has long acknowledged the importance of providing accommodation for workers in Abu Dhabi. In order to tackle this problem real estate developers of Abu Dhabi have started taking measures to regulate the quality of the accommodation and provide a good environment for residents.
The availability of low-cost housing is an integral part of attracting international businesses to relocate to the emirate. The main concern of the developers should be the quality according to international standards and specifications and will be model residential cities with residential areas, recreational areas, restaurants, health clinics, public areas and parks, and mosques, along with all the essential services.
Government officials have the opinion that developers were focused too much on high-end properties, neglecting the provision of more inexpensive housing, and floated the idea of forcing companies to allocate 20% of their housing units to low-income families. Commenting on the situation of low income group housing problem one expert said: 'The housing shortages are well recognized and nowhere is it more acute than at the lower end of the market. The Government has long acknowledged the importance of providing accommodation for workers in Abu Dhabi. In order to tackle this problem real estate developers of Abu Dhabi have started taking measures to regulate the quality of the accommodation and provide a good environment for residents.
The availability of low-cost housing is an integral part of attracting international businesses to relocate to the emirate. The main concern of the developers should be the quality according to international standards and specifications and will be model residential cities with residential areas, recreational areas, restaurants, health clinics, public areas and parks, and mosques, along with all the essential services.
Tuesday, July 22, 2008
Abu Dhabi, Emerging Dubai
Dubai is always at the front position of the Dubai property scene. Dubai is the first Emirate to present non-UAE nationals the right to buy properties. The policy allows it to attract a brand new source of overseas investment.
Neighboring Emirates also take notice of their own real estate prospective, such as Ajman, Ras Al Khaimah, and Abu Dhabi the capital of the UAE and its most prosperous Emirate. With a flourishing economy and investor welcoming economic policies the Emirate of Abu Dhabi is by far the most capable of the emerging Emirates, posing a very striking prospect for both industry and tourism. The government of Abu Dhabi is taking multiple measures to make the state more and more attractive like increase in government expenditure for development, flexible visa policy and investment in leisure and tourism sector.
The government of Abu Dhabi is renovating Abu Dhabi international air port by spending over $ 6 billion dollars. Like Dubai the government is building new sports stadiums, hotels and shopping centers to provide visitors every facility that they can dream of.
The result of this investment within the financial and tourist infrastructure is expected to produce significant numbers of new job opportunities in the Abu Dhabi. And as the people from across the world pour in it is expected that the emirate of Abu Dhabi like Dubai emerge as a heaven for the investment in real estate
Neighboring Emirates also take notice of their own real estate prospective, such as Ajman, Ras Al Khaimah, and Abu Dhabi the capital of the UAE and its most prosperous Emirate. With a flourishing economy and investor welcoming economic policies the Emirate of Abu Dhabi is by far the most capable of the emerging Emirates, posing a very striking prospect for both industry and tourism. The government of Abu Dhabi is taking multiple measures to make the state more and more attractive like increase in government expenditure for development, flexible visa policy and investment in leisure and tourism sector.
The government of Abu Dhabi is renovating Abu Dhabi international air port by spending over $ 6 billion dollars. Like Dubai the government is building new sports stadiums, hotels and shopping centers to provide visitors every facility that they can dream of.
The result of this investment within the financial and tourist infrastructure is expected to produce significant numbers of new job opportunities in the Abu Dhabi. And as the people from across the world pour in it is expected that the emirate of Abu Dhabi like Dubai emerge as a heaven for the investment in real estate
Abu Dhabi, Emerging Dubai
Dubai is always at the front position of the Dubai property scene. Dubai is the first Emirate to present non-UAE nationals the right to buy properties. The policy allows it to attract a brand new source of overseas investment.
Neighboring Emirates also take notice of their own real estate prospective, such as Ajman, Ras Al Khaimah, and Abu Dhabi the capital of the UAE and its most prosperous Emirate. With a flourishing economy and investor welcoming economic policies the Emirate of Abu Dhabi is by far the most capable of the emerging Emirates, posing a very striking prospect for both industry and tourism. The government of Abu Dhabi is taking multiple measures to make the state more and more attractive like increase in government expenditure for development, flexible visa policy and investment in leisure and tourism sector.
The government of Abu Dhabi is renovating Abu Dhabi international air port by spending over $ 6 billion dollars. Like Dubai the government is building new sports stadiums, hotels and shopping centers to provide visitors every facility that they can dream of.
The result of this investment within the financial and tourist infrastructure is expected to produce significant numbers of new job opportunities in the Abu Dhabi. And as the people from across the world pour in it is expected that the emirate of Abu Dhabi like Dubai emerge as a heaven for the investment in real estate
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