- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Abu Dhabi’s urban planners are undertaking the next phase of its data collection and information sharing strategy by creating a cutting-edge database of the capital’s real estate developments in a bid to further enhance future land management. At a charter signing ceremony last week, the Abu Dhabi Urban Planning Council (UPC) received formal commitments from 19 leading land developers to provide an even greater level of detail on their completed and ongoing projects, which builds on the existing data sharing agreements resulting from the strong working relationships the UPC has built with the emirate’s many developers over the past eight years.
The information will enable the UPC to build and oversee a comprehensive Real Estate Data Management database on Abu Dhabi’s commercial, retail, hospitality and residential supply and demand. This real-time information will be used to reconfirm the land use projections in the UPC’s plans, along with the many research reports that the UPC has been working on, to fine-tune the existing supply and demand data currently utilised.
From this they will be able to compile more detailed land use reports and projections, and provide frequent data updates to decision makers on the status of Abu Dhabi’s real estate sector to hone Abu Dhabi’s journey towards Vision 2030.
“This is a key milestone for the Abu Dhabi real estate sector. The new database builds on the strong foundations for data collection already in place by deepening the level of data shared and the frequency of collection. Seeing 19 of the Emirate’s key developers work together is indicative that the real estate community understands the mutual benefit of collaboration,” said Falah Al Ahbabi, Director General, UPC.
Source: Property Weekly