The new Abu Dhabi real estate projects that are under planning and development are estimated to cross $466 billion after their completion. It is higher than the last year’s project at the Cityscape, which was, estimated almost $327 billion.
The various project unveiled by the developers include a $40 billion Yas Island project, $24 billion mixed use real estate project by Burooj Properties, a $40 billion Khalifa City, and a $10 billion mixed use Ghantoot Green City.
One of the mega projects includes a vast Wetlands National Park that is estimated to be the triple size of the existing Abu Dhabi Island. The government also announced exclusion of investment in hydrocarbon, ports, airports, communication, infrastructure, and utilities.
The various projects offer shinning possibilities for long-term growth in the social as well as economical sectors. However, there are significant risks and challengers faced by the developers in the completion these projects.
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