In accordance with Abu Dhabi’s Economic Vision 2030 plan for diversifying its economy and the resulting workforce growth, Abu Dhabi expects to double its residential population over the next 20 years to more than three million, making the real estate market of huge strategic importance.
With population growth and urban development competing with each other, the city has been pumping in billions of dirhams in gigantic projects to meet the demands of changing times. Car owners are pegged at the lowest in the new scheme of things. The emphasis is on public transport including Metro and trams. The Abu Dhabi Metro will be a reality by 2016. And a network of trams set along the existing roads will further ease the pressure on the capital’s streets.
TECH AND GADGETS
FASHION AND TRENDS
The slowdown in the regional real estate sector notwithstanding, the region and Dubai, in particular, will bounce back soon. This will be accentuated by providing a major boost to the investor confidence, which will in turn provide impetus to the industry’s growth momentum. Such realistic hope is the new buzzword, indicating that the worst is over – both for Dubai and the real estate sector.
Errant cyclists, who endanger their lives by flouting rules, risk confiscation of their vehicle, Abu Dhabi police has warned. The warning comes as the police have launched a fresh crackdown on cyclists violating traffic rules and regulations, in a bid to curb road accident fatalities.Meanwhile, the governments' ambitious Abu Dhabi 2030 Urban Structure Framework Plan, includes an integrated bike network which will run throughout the city.
twofour54, Abu Dhabi's media and entertainment free zone, has appointed Aldar Properties to be the developer of its new, permanent home which will be...