Abu Dhabi building completions up 3.6% in Q3

Up to 595 buildings were complete in Abu Dhabi region, accounting for 54 per cent of total buildings completed emirate-wide during Q3.

A total of 1,104 buildings were completed in the emirate of Abu Dhabi during Q3 2017, a growth of 3.6 per cent from 1,066 buildings during the corresponding period 2016.

The number of completed developments during Q3 increased by 16.7 per cent against Q2 2017 during which 913 buildings were completed, according to the Statistics Centre Abu Dhabi (SCAD). Industry analysts anticipate significant growth in building completions next year after a number of housing and infrastructure developments were approved.

Up to 595 buildings were complete in Abu Dhabi region, accounting for 54 per cent of total buildings completed emirate-wide during Q3. Up to 491 buildings were completed in Al Ain city, making up 44.5 per cent of completed buildings in the emirate, while the rest were completed in Al Dhafra region.

According to SCAD figures, residential buildings totalled 951, accounting for 87 per cent of completed buildings during Q3, in addition to 33 public facilities, 49 industrial buildings and 43 facilities, classified as residential and commercial buildings together with two agricultural buildings.

Mohamed bin Zayed City in Abu Dhabi ranked first in terms of completed buildings, accounting for 26.7 per cent, followed by Bani Yas (10.9 per cent), Al Shamkha (9.1 per cent), Khalifa City (7.4 per cent), while the rest of completed units were spread over the remaining areas of the capital.

The rough estimate of cost per square metre reached up to Dh2,645 for buildings ranging between 300 to 599 square metres in Abu Dhabi, and up to Dh2,118 for similarly sized buildings in Al Ain, and Dh1,876 in Al Dhafrah, with average building cost per square metre emirate-wide standing at Dh2,246. - Wam