Al Gharbia – formerly known as Abu Dhabi's Western Region – will soon become a real estate hotspot, says a top official.
The untapped and little explored area covers 60,000 square kilometres – equal to 71 per cent of the total landmass of the UAE.
Developers are starting to look towards Al Gharbia as massive construction projects spread across the rest of the country and good locations become hard to find.
Abu Dhabi real estate companies have already announced developments in the region.
At last week's Cityscape exhibition, Aldar Properties unveiled a mixed-use development at Al Ruwais city and said it was working with the Western Region Development Council (WRDC), which oversees Al Gharbia's development.
And Waha Land – a subsidiary of Waha Capital – has announced a Dh15 billion budget for a complex comprising warehousing and logistics facilities along with mid-market housing and workers' accommodation at Al Hameem on Abu Dhabi-Tarif highway.
"Al Gharbia is set to witness massive real estate schemes with billions of dirhams invested by the sector," WRDC Director General Mohammed bin Azzan Al Mazrouei told Emirates Business.
"We have developed a strategic plan for the region to develop it as a desert and island tourism destination with distinctive feature that combine the bedouin lifestyle and comfortable modern amenities."
He said the Desert Island hospitality and tourism projects on Sir Bani Yas Island and Liwa City at the edge of the Empty Quarter were alone expected to generate Dh1.2bn of revenues and create thousands of jobs for Al Gharbia's population of 120,000. "Al Gharbia is a major contributor to the economy of Abu Dhabi, providing more than Dh115bn to the emirate's gross domestic product each year," he added.
"The region boasts the largest oil refineries in the UAE and agriculture industry that includes the largest and most fertile farms in the whole country."
The establishment of the council in 2006 has led to an increase in interest in the area among real estate companies, he said.
"There is huge interest from investors. The region has the country's longest coastline and largest number of islands.
"We will only approve projects that comply with our strategic plan, particularly its four goals – economic and social development for the benefit of the region's people, enhancement of infrastructure, promotion of investment and improvement of enterprises. We are evaluating lots of realty projects but cannot name them at this stage."
Al Mazrouei said in addition to the basic four goals a top priority of the plan was the conservation of the environment and the area's heritage. He said the plan called for the development of a number of industrial zones that would attract all kinds of investors, particularly small and medium enterprises. Government investment of Dh98bn in fields such as oil and gas, power generation, infrastructure, tourism and leisure was announced last June. "The figure must have crossed Dh100bn by now and there are private sector investments that are not included," he said.
Al Mazrouei said when the plan was fully implemented Al Gharbia would be the Gulf's biggest desert and island tourism and business destination and would tempt people to move from other parts of the emirate.
The untapped and little explored area covers 60,000 square kilometres – equal to 71 per cent of the total landmass of the UAE.
Developers are starting to look towards Al Gharbia as massive construction projects spread across the rest of the country and good locations become hard to find.
Abu Dhabi real estate companies have already announced developments in the region.
At last week's Cityscape exhibition, Aldar Properties unveiled a mixed-use development at Al Ruwais city and said it was working with the Western Region Development Council (WRDC), which oversees Al Gharbia's development.
And Waha Land – a subsidiary of Waha Capital – has announced a Dh15 billion budget for a complex comprising warehousing and logistics facilities along with mid-market housing and workers' accommodation at Al Hameem on Abu Dhabi-Tarif highway.
"Al Gharbia is set to witness massive real estate schemes with billions of dirhams invested by the sector," WRDC Director General Mohammed bin Azzan Al Mazrouei told Emirates Business.
"We have developed a strategic plan for the region to develop it as a desert and island tourism destination with distinctive feature that combine the bedouin lifestyle and comfortable modern amenities."
He said the Desert Island hospitality and tourism projects on Sir Bani Yas Island and Liwa City at the edge of the Empty Quarter were alone expected to generate Dh1.2bn of revenues and create thousands of jobs for Al Gharbia's population of 120,000. "Al Gharbia is a major contributor to the economy of Abu Dhabi, providing more than Dh115bn to the emirate's gross domestic product each year," he added.
"The region boasts the largest oil refineries in the UAE and agriculture industry that includes the largest and most fertile farms in the whole country."
The establishment of the council in 2006 has led to an increase in interest in the area among real estate companies, he said.
"There is huge interest from investors. The region has the country's longest coastline and largest number of islands.
"We will only approve projects that comply with our strategic plan, particularly its four goals – economic and social development for the benefit of the region's people, enhancement of infrastructure, promotion of investment and improvement of enterprises. We are evaluating lots of realty projects but cannot name them at this stage."
Al Mazrouei said in addition to the basic four goals a top priority of the plan was the conservation of the environment and the area's heritage. He said the plan called for the development of a number of industrial zones that would attract all kinds of investors, particularly small and medium enterprises. Government investment of Dh98bn in fields such as oil and gas, power generation, infrastructure, tourism and leisure was announced last June. "The figure must have crossed Dh100bn by now and there are private sector investments that are not included," he said.
Al Mazrouei said when the plan was fully implemented Al Gharbia would be the Gulf's biggest desert and island tourism and business destination and would tempt people to move from other parts of the emirate.
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