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The shortage of the residential real estate in Abu Dhabi will soon be pieced out by the 26 new projects approved by the Abu Dhabi Urban Planning Council.
The total in-built area of new real estate projects, approved by the Urban Planning Council in the second quarter of the year, nearly tripled compared with the area of real estate projects, given the green light in the first quarter of the year, and amounts to 2.33 million square meters. The total area of new real estate projects approved by the Council in the first year quarter is also quite considerable — nearly 709,000 square meters, thus, if all of these projects will be successfully implemented, UAE capital will get a lot of additional residential space and other property.
Among the major projects approved there are premium residential complexes on the Abu Dhabi island, with magnificent views of the waterfront and Abu Dhabi Corniche. These are mixed-use complexes, consisting of several buildings each, and also a 49-storey Saraya residential tower.
In addition to residential property, several hospitals and some new buildings for the University campus in the Abu Dhabi University are to be built on the mainland in Abu Dhabi. In particular, a whole new medical center Burjeel Medical City for 300 beds will be constructed in the area of Mohammed Bin Zayed City. A second phase of the villas complex construction in Remah Emirati Housing will be started in Al Ain, and a new mixed-use complex, that includes 186 residential units and commercial buildings, will be built near Mirfa Al Gharbia.
In addition, Abu Dhabi continues to successfully implement the Estidama ranking system, an initiative of the Abu Dhabi Urban Planning Council. Under this system, new buildings are awarded a different number of “pearls" in accordance with the construction quality. In four years since the ranking was first implemented, 11,878 villas and 1,000 buildings received appropriate assessment, and in the second quarter of 2015, 1,080 new projects were evaluated according to the system, of which 1,017 villas got two pearls, another 41 buildings got one pearl, and other 22 buildings got two pearls.
