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Contractors build on their profile
The biggest job went to Yapi Merkezi in 2005 when it was awarded a contract to build the Dubai Metro as part of a consortium led by Japan’s Mitsubishi. Nurol Construction grabbed a slice of the action in Abu Dhabi, gaining a $60.7 million contract in 2007 to build a number of bridges for Shams Abu Dhabi.
Warmer welcome from hotels in the capital
Guests checking into inferior hotels in Abu Dhabi a couple of years ago would have had few affordable alternatives if they suddenly discovered they were sharing their accommodation with bed bugs, or if noise from a nearby construction site gave them sleepless nights.
Renting still the best option for most
Nearly two years after the start of the financial crisis and property slowdown, the vast majority of the UAE’s residents do not own homes here, according to a survey of attitudes about the UAE’s economy. Property developers have focused on convincing UAE residents to buy property. Several developers, including Emaar Properties in Dubai and Sorouh Real Estate in Abu Dhabi, have launched “rent-to-own” schemes in which tenants can opt after a period to apply a portion of their rent payments towards purchases.
Aldar works to secure tenants for its HQ
Most of Mubadala’s 622 employees will remain at the Al Mamoura building, officials said. The building is one of the first to be completed in the Al Raha Beach area, which is Aldar’s large-scale development near the Abu Dhabi International Airport.
Nick’s garden: Towards a more natural landscape
Happily, the last few years have also seen a quiet revolution take place in Abu Dhabi’s corridors of power with the introduction of Plan Abu Dhabi 2030, Estidama and new guidelines for the design of Abu Dhabi’s streets and public spaces and it shouldn’t be long before we see the city’s characteristic greenness take a decidedly environmental turn.
Abu Dhabi raises its profile with new skyline
Abu Dhabi’s skyline has begun sprouting the type of towers that help put a city on the world map. Not only is this new generation of buildings taller and slicker than the glass edifices of yesteryear, they include features that would make them stand out in any metropolis.
