Abu Dhabi's building licences up 23.5pc in Q2
ABU DHABI, November 24, 2018
A total of 1,436 building licences have been issued in Abu Dhabi city during the second quarter, up 23.5 per cent from 1,162 licences issued last year.
According to Statistics Centre - Abu Dhabi, the residential building licences accounted for 77.1 per cent of the total permits issued during the quarter (1,110) in yet a new evidence of the urban construction uplift in the emirate.
Saadiyat Island was a top performer in terms of residential building activities, followed by Mohamed bin Zayed City, in an indicator of the continuing construction momentum, specially across freehold areas, said the data.
As per the law, foreign ownership is allowed across free zones, which include, among others, Al Reem, Al Maria, and Saadiyat islands, it added.-TradeArabia News Service
