Friday , November 17 2017

UAE building projects value reaches AED836bn in Sept

UAE building projects value amounts to AED836 billion copy

DUBAI / WAM

Total value of 7,878 active building projects in the UAE reached $227.9 billion (AED836 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these building projects, high-rise buildings account for $100.5 billion while mid-rise and low-rise buildings account for $64.5 billion and $62.9 billion, respectively, as per BNC Construction Intelligence.
Among the 7,878 projects, the majority are located in Dubai and the Northern Emirates. As many as 3,857 buildings are coming up in the Northern Emirates, 2,812 in Dubai and 1,208 in Abu Dhabi. In terms of value, $121.1 billion worth of buildings are being developed in Dubai, $64.3 billion worth of projects in Abu Dhabi and the rest $42.6 billion are being built in the Northern Emirates.
In August, the number of building projects in the UAE increased by
as much as 2 percent compared to July, 2017, but in dollar terms, there has been no significant movement, as per BNC project intelligence.

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