Tag Archives: environment
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
UN experts quit Syria as Obama weighs strike
UN experts quit Syria as Obama weighs strike AFP / 31 August 2013 UN experts probing a suspected chemical weapons attack quit Syria on Saturday, opening a window into a possible US strike after Washington concluded the Damascus regime unleashed posion gas on civilians. The 13 inspectors, led by Ake Sellstrom , left their Damascus hotel before dawn and crossed early morning into Lebanon at the town of Chtaura in a convoy of vehicles, an AFP reporter said. They are due to report back immediately to UN chief Ban Ki-moon , who has appealed to the West to allow time for their findings to be assessed. Their departure heightened expectations of a US-led military strike on the Syrian regime, after US President Barack Obama on Friday gave his clearest indication yet that an attack was imminent. “We cannot accept a world where women and children and innocent civilians are gassed on a terrible scale,” Obama told reporters at the White House. “We are looking at the possibility of a limited, narrow act,” he said, while stressing no final decision had been taken on unleashing military strikes against Bashar Al Assad’s regime. His remarks came after the United States released an intelligence report that concluded the regime had launched a chemical onslaught in the suburbs of Damascus last week, killing 1,429 people, including at least 426 children. “This kind of attack is a challenge to the world,” Obama said. “The world has an obligation to make sure we maintain the norm against the use of chemical weapons,” the president said, slamming the failure of the UN Security Council to agree on action. Obama said he was looking at a “wide range of options” but had ruled out “boots on the ground” or a “long-term campaign.” France gave its backing to the US plans, saying a “strong message” should be sent to the Assad regime, but British lawmakers have voted against any involvement in military action and other close US allies said they would not sign up. Russia, Syria’s most powerful ally, has questioned US intelligence about the August 21 gas attacks and has warned against any military strikes without UN backing. US Secretary of State John Kerry cited “multiple streams of intelligence” indicating that the Syrian government had carried out the chemical attack and that Assad himself is the “ultimate decision maker”. Kerry said failure to act would not only erode the nearly century-old norm against the use of chemical weapons, but would embolden Syrian allies Iran and Hezbollah. But the United States, faced with an impasse at the Security Council and the British parliament’s shock vote Thursday, has been forced to look elsewhere for international partners. While Germany and Canada ruled out joining any military strikes, French President Francois Hollande — whose country was a strident opponent of the US-led war on Iraq — said the British decision would not affect his government’s stance. Hollande said he and Obama “agreed that the international community cannot tolerate the use of chemical weapons, that it should hold the Syrian regime accountable for it and send a strong message.” Turkey, Syria’s neighbour, went further still, demanding not just surgical strikes to send a message about chemical weapons but a sustained campaign to topple the regime. Gruesome pictures of some of the reported victims of the attacks, including children, have shocked the world and piled on the pressure for a response that could draw a reluctant West into the vicious Syrian civil war. But Russia and Iran, and even some US allies, have warned against any intervention, saying it risks sparking a wider conflict. The military buildup continued, with US warships armed with cruise missiles converging on the eastern Mediterranean. In Damascus, the mood was heavy with fear and security forces were making preparations for possible air strikes, pulling soldiers back from potential targets. The capital’s streets were largely empty on Saturday with few cars or pedestrians, although this is normal for the second day of the Syrian weekend. Residents were seen stocking up with fuel for generators in case utilities are knocked out in any military strike. The sound of bombardments in the distant suburbs could be heard, with the Syrian Observatory for Human Rights reporting shelling near Beit Sahem, on the way to the international airport; Al Nabak in the north and in East Ghouta, one of the sites of the suspected poison gas attacks. Syria has denied using chemical weapons and the foreign ministry said that the US intelligence report was “entirely fabricated stories” spread by “terrorists” — its term for rebels. More than 100,000 people have died since the conflict erupted in March 2011 and two million have become refugees, half of them children, according to the United Nations. 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




