Today's Edition
AMEINAH ALZEYOUDI (ABU DHABI)
Abu Dhabi's real estate sector experienced significant growth during the first seven months of this year, marked by the launch of approximately 6,800 new housing units.
The emirate also introduced around 12.8 million square metres of land for real estate investment across residential, commercial, and service sectors, spread over 36 newly registered projects.
Data from developers indicates that June and July were particularly active, with nine new projects adding about 4,500 housing units.
Among the new ventures are 12 projects focused on the sale of investment lands, which will support the development of various residential, commercial, and service projects.
Ten of these projects are located in Al Ain City, offering approximately 11.3 million square metres of construction space.
Jubail Island in Abu Dhabi will feature two more projects, providing a combined 1.5 million square metre.
Residential projects dominated the landscape, with 24 new developments, including residential towers, villas, and townhouses.
A standout is the "Belgem" project in Abu Dhabi city, which aims to deliver 1,746 housing units. Other significant projects include "Royal Park," offering 844 units, and "Seville," which adds 407 units.
In terms of geographical distribution, Yas Island saw the introduction of five new projects, collectively providing 764 housing units.
These include the "Ikon" project with 300 units, "Sama Yas" with 235 units, and "The Bay Residence" in the island's southern area, adding 139 units.
The expansion also features the "Vista d'A Mar" tower project, contributing 90 housing units.
On Saadiyat Island, four projects were registered, adding a total of 943 residential units.
Key developments include "Nouran Living" with 372 units, "Art House" with 281 units, "Manara Living 2" offering 232 units, and "The Source Terraces" with 58 units.
Al Reem Island continued its growth with the registration of four new projects, bringing 900 residential units to the market.
Among these are the "Vista 3" project with 622 units and the "Elie Saab" residential tower, featuring 174 units.
Additional contributions come from the "Reem Art" project with 54 units and the "Oasis Residences" project, adding 50 units.
Khalifa City also saw expansion, with two projects providing a total of 231 residential units.
The two projects are t"Plaza 2" with 120 units and "Villa 11" with 111 units.
The third phase of the "Ramhan" Island development will introduce 191 units, and the "Marsa Al Jubail" project, situated between Abu Dhabi and Dubai, brings in 174 residential units.
The sixth phase of the "East Gate Project" in Bani Yas adds 91 new real estate units.
