M15--perspective-02

Wrap your dreams in a joyful living!

May 2017 | Al Mazroui

 

That’s the first thought in the minds of our colleagues and friends from MAZCOT when they choose to develop a residential project.

As they themselves say, “we are building a new way of living and never stop trying to improve”. Standards would be the keyword that is guiding their vision and enthusiasm.

Al Raha Beach, Abu Dhabi. This is one of the places where you will find them this year, raising an eco-friendly superb residential building, which will bring smiles on the faces of maybe more than 200 tenants by the end of 2018.

Located on the eastern coast of the Arabian Gulf, conveniently neighbouring Yas Island, the entertainment oasis with theme parks and megamall, the self-contained waterfront community of Al Raha Beach is the ideal location to settle down and enjoy a mixed commercial, residential and leisure environment.

Meanwhile, MAZCOT team is also keeping a vigilant eye on the recent developments and trends on the construction market, especially since there was registered a pick-up in the tender activity in Abu Dhabi in the fourth quarter of 2016, which should lead to a growth in the project awards in the first semester of 2017. And moreover, we should take into consideration the recent improvements in oil prices as well.

The Middle-East construction market is set to grow at a faster pace than any other region in the world this year, according to the analysts from BMI Research, member of Fitch Group. It is expected to power 6 percent overall growth, up from 5.3 percent in 2016.

BMI Research forecast positions UAE as strong competitor with good chances to succeed in taking the leader position as developer of the biggest projects in the region for the first time since 2012.

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