Tag Archives: georgia
Time is over for Abu Dhabi govt staff to relocate
Time is over for Abu Dhabi govt staff to relocate Silvia Radan (Special Report) / 1 September 2013 Abu Dhabi govt employees who shift base from other emirates may find bigger space for a little more money, but their working spouses will now have the highway blue The deadline for Abu Dhabi government employees living outside the emirate to move to the capital has arrived. Starting today, thousands of Dubai and Sharjah residents working for a government office in Abu Dhabi should no longer be commuting. However, the first expected effect of this move, traffic ease on the Abu Dhabi – Dubai highway, has not been visible. “In the past couple of months I had to drive several times to Dubai and the traffic was as heavy as always,” said Diana Oliver, a six-year resident of Abu Dhabi. “I presume this decision was made to reduce the highway traffic, which would also lessen the environmental impact with less pollution on the roads, and also the traffic accidents, especially in the early morning hours when fog often occurs,” she said. Oliver recently moved to Khalifa City, just outside Abu Dhabi, where she is taking care of her two young children, but her husband is still driving daily to work into the city and feels the traffic has become heavier here. “He needs to leave five to 10 minutes earlier every morning since the end of Ramadan. Mind you, this may be also because of people returning from holidays and work hours going back to normal,” Oliver said. The family moved to Khalifa City in March this year, at a time when the property market was still reasonable. Since then, rent for both small apartments and villas have gone up gradually. Government employees living outside Abu Dhabi had over a year to change their residence and many preferred to do it earlier rather than at the last minute, to beat the expected rent rise – which economists say rose about eight per cent in the first quarter of the year alone. Among them was B.M., who spoke with Khaleej Times anonymously since most Abu Dhabi government employees are not allowed to speak publically without a prior approval. “We moved in April to avoid rents going up. We got a much better deal here than we had in Dubai,” he said. B.M. used to live in a flat in Dubai Marina, with one parking space. Now he and his family stay in a three bedroom villa in Al Reef, with a garden and a driveway for four cars – useful since his wife drives to work and needs her own car. “Last year we paid nearly Dh90,000 for the flat in Marina, but rents in Dubai are going up as the job market is improving, so this year we would have ended up paying almost the same as we do here, in Al Reef – Dh 110,000. And you can’t compare a villa with a flat; we have got more space now and a green area outdoors,” said B.M. Moving house, especially for a family with two children was not a cheap affair. In B.M.’s case, the cost was Dh8,000. Of this, Dh6,000 was the moving company costs, the rest being other related fees. According to various moving companies, the cost of relocating from Dubai to Abu Dhabi is mostly the charges for packing and unpacking – it only adds about Dh300-500 per truck. For B.M. it was certainly pricy, yet worth it. Living at a 15-minute drive from work, in a more comfortable house had made life much better for him, he said, with the added bonus of finding a good nearby school for his children. But it’s not happy days for everyone. “It’s all good for me, but now my wife has to commute. She has a really good job in Dubai and doesn’t want to leave it, so she drives there daily. I guess a lot of people in our situation do the same, so the highway traffic may ease off on one side, but pick up on the other.” The close proximity to the Dubai highway, where many family members of those who had to move still work and where social lives are often centred, is a reason for many to search for accommodation in areas such as Al Reef, Al Raha Gardens and Khalifa City. The rents are also much lower than downtown Abu Dhabi. For single individuals, Khalifa City remains the “Mecca”, with good facilities and a location near Abu Dhabi city centre, Dubai, Yas Island and Al Ain. Yet, Khalifa City is a red light for anyone looking for a flat. Intended for Emiratis who were granted land to build their homes there, most private developers built villas, got it approved by the municipality, then leased it to a real estate agency, which has split the villa into apartments – then rented to individuals illegally. Most people, especially those new to Abu Dhabi, were unaware of the legal status, and followed a fairly simple procedure of viewing properties with real estate agents, finding one they liked, signing the contract and moving in. Regular municipality raids in Khalifa City have now drawn tenants’ attention to the illegal status, and because their rent contract does not bear the municipality stamp some are landed with a fine and told they have two weeks to move out. Getting the rent back is out of the question, as the real estate companies are not found at fault by anyone, while those licensed by the municipality continue to rent out illegal properties to anyone who doesn’t know the rules. “Etihad Airways, which has its headquarters in Khalifa City, had 200 employees this year who lost their rentals and had to move out of their homes in Khalifa City,” revealed M.T., a new Etihad employee who moved from Dubai to Abu Dhabi a couple of months ago. “Initially I was planning to find accommodation in Khalifa City, but we were told to stay away from it as most villa flats come with illegal contracts. Only when you rent out a full villa do you get the municipality approved stamp on the contract,” she added. M.T. has found a Dh60,000 one bedroom flat in the 15 minutes drive further away Al Reef, which is Dh10,000 more expensive and smaller in space than what she initially found in Khalifa City, but at least she has “peace of mind”. silvia@khaleejtimes.com Continue reading
Mass relocations up housing demand
Mass relocations up housing demand Haseeb Haider / 31 August 2013 The new rule which has forced tens of thousands of Abu Dhabi government employees to move to the capital, has given the property sector a boost with demand for housing shooting up. The government gave a one-year timeframe to employees and their families to find new homes and schools and move to the emirate. Many believe the move will create more economic opportunities in the capital, and macro-economic stability. There are different estimates on how many people have been affected by the new rule — one estimate suggests about 30,000 were previously commuting daily between Abu Dhabi and other emirates, while David Dudley, the Abu Dhabi-based regional head for property consultancy firm Jones Lang LaSalle (JLL), thinks the figure is more likely between 10,000 and 15,000 people. A separate study by the Department of Transport stated that 19,000 people commute in the morning from Dubai to Abu Dhabi. The CEO at Abu Dhabi economic consultancy Global Minds, Riad Mattar, said the government policy suggested the number must be really big, otherwise the decision would not had been taken. His own estimate was between 15,000 and 20,000 people — mostly executives — would move to the capital. The relocation has already had its impact on rents as in the first quarter of the year when rents shot up by eight per cent, as families started moving back, Mattar said. Abu Dhabi opened up its property sector to foreign investment in 2007, allowing expatriates the right to own properties in the designated investment zone like Al Reem Island, Saadiyat Island and Al Raha Beach and adjoining areas like Al Reef. But, after the financial crisis of 2008, Abu Dhabi residents found rents much lower in Dubai, as thousands of residential units were delivered to their owners much earlier than in Abu Dhabi, where rents plunged significantly. However, due to late arrival of housing units, the rents were not affected in Abu Dhabi. The properties built after the financial crisis, when finally delivered to their owners, created an over–supply situation. Mattar described the government move as a well thought out one. He said first it would improve the occupancy levels in the capital and, secondly, the executive class – the primary people who would be moving back – would spend more money in Abu Dhabi on shopping, groceries and dining out, which will have a multiplier effect on the overall economy. The economist said that many Emiratis would also be affected by the new rule, as an estimated 10,000 or even more had to commute between Abu Dhabi and Al Ain, Dubai and other emirates. According to JLL, 2,000 residential units were delivered in the first quarter of the year in the up-scale localities of Al Bateen Park, Al Reef Community, Saadiyat Beach Residences and Nation Towers on the corniche, bringing the total residential stock to 2,08,000 units. An additional 14,000 units are scheduled to be delivered to the market throughout the rest of the year in the posh area of Eastern Mangroves Promenade by Tourism Development and Investment Company (TDIC), additional units on Saadiyat Island, Al Bustan Complex on 29th Street and several towers on Al Reem Island. The property consultancy says more developments are coming up within planned areas such as Al Reem Island, Saadiyat Island, Danet, Saraya and Rawdhat. Dudley said the rise in the rental values this year was due to the relocations. Ram, an Abu Dhabi property agent, said the recent surge in the demand for housing primarily related to one and two-bedroom housing units, which triggered hikes in their rental prices significantly. The bigger properties and villas with five and six-bedrooms were not in as great demand, as their rental values had dropped, since one family can stay in a villa. With the estimated 14,000 units delivered to their owners, the housing shortage will most probably be addressed over the year, with another 14,000 housing due to come on to the market next year, according to Jones Lang LaSalle. It also estimates that in 2015, about 17,000 residential units are expected to arrive in the capital, which means Abu Dhabi has to maintain its seven per cent per annum economic growth, so that enough jobs opportunities are created and the existing investments into hydrocarbons bear fruit. haseeb@khaleejtimes.com Continue reading
Super Cup: Red Knights reign supreme
Super Cup: Red Knights reign supreme James Jose / 31 August 2013 Dubai’s Al Ahli beat League winners Al Ain to clinch season opener Super Cup Al Ahli players and officials with the Arabian Gulf Super Cup in Abu Dhabi on Friday. — KT photo by Nezar Balout He has scored many a goals on this ground. It had been his home for nine long years. But this surely must have hurt. Ibrahim Diaky, the subject of a transfer tussle between Al Ain and Al Ahli in the close season, was returning to his ex-club Al Jazira after opting to join Al Ain. But what should have been a fairy tale ended in disappointment as he couldn’t make his crucial penalty count, to hand fierce rivals Al Ahli the Arabian Gulf Super Cup on Friday night. At a packed Mohammed bin Zayed Stadium, and watched by Shaikh Nahyan bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development, Chairman for the General Authority of Youth and Sports, and close to 30,000 fans, Diaky’s shot from the spot was blocked by Al Ahli goalkeeper Majed Nasser, which triggered massive celebrations. Nasser ran towards the corner flag before doing his famed somersault as a dejected Diaky stood there, covering his face with his hands. Al Ahli won the traditional season-opener 3-2 on penalties after the regulation time had ended deadlocked goalless. Shaikh Nahyan bin Mubarak Al Nahyan gave away the trophy after which the song ‘We are the Champions,’ by British rock band Queen, rang around the Stadium. Ciel, Hugo Viana and Abdulaziz Sanqour were on target for Al Ahli, while Asamoah Gyan and Fares Juma scored for Al Ain. There was not much to choose between the two sides but it was Al Ain who had the better of the exchanges. The match was played in sweltering and energy-sapping conditions and that probably played a part in both teams not being at full tilt. UAE senior National team reserve goalkeeper Khalid Eisa, who moved from Al Jazira, made his Al Ain debut. Ibrahim Diaky started on the bench but came on as an Al Ain player on his old home ground, later in the second half. Brazilian signing Michel Bastos started his first competitive game for Al Ain. Alex Brosque missed the game through injury. Al Ahli sorely missed their captain Grafite who was out through suspension. Adnan Hussain too was suspended, while new signing Waleed Abbas, who crossed over from Al Shabab, was injured. New signing Hugo Viana made his Al Ahli debut. Al Ain came up with the first chance in the opening seconds of the game but Asamoah Gyan headed over the cross bar after a brilliant cross from the right. Al Ahli made a move on 10 minutes but Abdulaziz Sanqour didn’t time his run well as Fares Juma cleared it to safety. Gyan broke through on 15 minutes and went past goalkeeper Majed Nasser but couldn’t control the ball and missed a clear sight at goal. He managed to salvage it on the line but the Al Ahli defence had regrouped. Continue reading