Issued 1436 building permits in Abu Dhabi during the second quarter of 2018

MEDIA IN, Abu Dhabi, November 22, 2018 (WAM)
The number of building permits issued in Abu Dhabi reached 1436 during the second quarter of 2018, a growth of 23.5% compared to 1162 licenses in the same period of 2017.
Residential building permits accounted for 77.1% of the total number of building permits issued in the city during the second quarter of this year. The number of building permits reached 129 buildings, commercial licenses, 86 building permits and 72 commercial building permits.
The number of building permits issued in Abu Dhabi Public Utilities Company reached about 22 licenses during the second quarter of this year, while the number of building permits for agricultural purposes reached 11 licenses and 6 licenses for other purposes.
The growth in the number of building permits issued reflects the continued construction boom in the city of Abu Dhabi, which indicates a rise in the activity of the real estate sector in general and other related sectors.
It is noteworthy that the report of the Statistics Center on the number of buildings completed in the Emirate of Abu Dhabi issued earlier showed that the second quarter of this year witnessed a large activity on Saadiyat Island followed by the city of Mohammed bin Zaid, which is indicative of the construction of housing for the purpose of housing in the center of the capital, freehold.
According to the law, foreigners are allowed to own in the free zones, which include Al Reem, Al-Mariyya, Saadiyat, and others. The indicators related to the sector’s work have recently shown an increase in the demand of foreigners to own residential units in these areas.