Abstract
Housing is a major subject in the Middle East and North Africa (MENA) region, JLL, the world’s leading real estate investment and advisory firm, highlights the social and economic impact of a marked shortfall in the required supply of middle-income housing, suggesting that significant efforts are needed to address the current imbalance. For an equal standard and life style in UAE and KSA, the gap of sale and rent prices raises many questions. The middle-income sector of the market represent almost 40 percent of all households in the UAE. Several factors that have contributed to the current shortage of affordable housing, high land values, High capital costs for associated infrastructure development, low adoption of prefabricated construction techniques have contributed to higher construction costs, lower financial returns, making such developments less attractive for developers, limited access to suitable finance for low income families, due to generally immature mortgage markets. Resolving the shortage of middle-income housing requires a concentrated effort involving government agencies, private developers and other stakeholders. This Study will investigate the UAE Housing market to propose solutions for a better progress of the precast sector and focusing on the promotion of sustainable and industrial approaches to construction.
Highlights
The United Arab Emirates (UAE) faces a current estimated demand from 390,000 low income Emirati households [1]
The UAE Vision 2021 articulates the importance of family and community
In November 2017, the Abu Dhabi government has announced a new housing project, called Al Riyadh City, as part of the capital’s drive to expand public housing policies, The project, said to be Abu Dhabi’s largest ever housing development, is expected to lodge 200,000 UAE citizens and occupy 45% of the city’s total residential land area. These projects have a total developmental value of Dhs 5.7bn and are being fully funded by the Abu Dhabi government, the developer said in a statement
Summary
The United Arab Emirates (UAE) faces a current estimated demand from 390,000 low income Emirati households [1]. In November 2017, the Abu Dhabi government has announced a new housing project, called Al Riyadh City, as part of the capital’s drive to expand public housing policies, The project, said to be Abu Dhabi’s largest ever housing development, is expected to lodge 200,000 UAE citizens and occupy 45% of the city’s total residential land area. These projects have a total developmental value of Dhs 5.7bn and are being fully funded by the Abu Dhabi government, the developer said in a statement. We highlight the reality of the supply and demand of the UAE residential sector and analyse what actions has been undertaken by the UAE government to meet the growing demand of housing units, we analyst the practice of the precast concrete activity in UAE to enhance the mechanism of development of the precast concrete
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