The number of new building licences in Abu Dhabi surged 20 per cent in the first half of this year, as developers in the emirate continue to press on with their projects despite the coronavirus pandemic-driven slowdown.
The Department of Municipalities and Transport (DMT) in Abu Dhabi issued 4,426 commercial, residential and government building permits during the first six months of the year, it said on Wednesday.
The DMT also approved four major development projects in the emirate, including Aldar Properties' Dh8 billion Saadiyat Island development The Grove, a project near Abu Dhabi International Airport and one project each in Al Ain and Al Dhafra region, it said.
The DMT’s efforts to "improve the quality of life in the emirate" and regulatory oversight of the market have contributed to make Abu Dhabi’s real estate market "the most improved real estate market in the world between 2018 and 2020", the department said, citing JLL’s Global Real Estate Transparency Index.
While economies across the region are facing the headwinds in the wake of the pandemic, Abu Dhabi has rolled out several stimulus packages to cushion the economic blow.
In March, Abu Dhabi, which accounts for about 6 per cent of the world's proven oil reserves, unveiled measures to support businesses in the emirate, including the exemption of real estate registration fees for commercial and industrial entities for the rest of the year.
“The total exemptions and reductions from DMT fees according to the economic package launched by the Abu Dhabi Executive Council amounted to more than Dh1.4bn for individuals and business sectors, aimed at enabling them to face current and future challenges,” the DMT said.
Killing of Qassem Suleimani
In numbers
- Number of children under five will fall from 681 million in 2017 to 401m in 2100
- Over-80s will rise from 141m in 2017 to 866m in 2100
- Nigeria will become the world’s second most populous country with 791m by 2100, behind India
- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100
- an average of 2.1 children per woman is required to sustain population growth
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
UAE currency: the story behind the money in your pockets
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Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
