SendTech Times
Real EstateFunding|May 27, 2026 at 02:24 PM
MARKET SIGNAL:

Abu Dhabi to Get New 10 Million Square Meter Sustainable City with Dh2 Billion Investment

BySTechTimes Editor|Source: Khaleej Times
Article summary

Abu Dhabi National Company for Building Materials (Bildco) partners with Wujod Real Estate Development for a new sustainable city. The project will cover 10 million square meters, with the first phase investment at Dh2 billion. The development aims to support Abu Dhabi's long-term economic diversification and sustainability goals.

Abu Dhabi to Get New 10 Million Square Meter Sustainable City with Dh2 Billion Investment
Image source: khaleejtimes.com

New Sustainable City in Abu Dhabi

Abu Dhabi National Company for Building Materials (Bildco), listed on the Abu Dhabi Securities Exchange, has announced a partnership with Wujod Real Estate Development to develop a sustainable project in the UAE capital.

The project will cover an initial area of approximately 10 million square meters, equivalent to around 107 million square feet.

Investments for the first phase are estimated at Dh2 billion, with implementation to proceed in line with the approved development plans and regulatory requirements.

Commitment to Sustainable Growth

Shamsa Sulaiman Alfahim, acting CEO of Bildco, stated that this partnership will support the evolution of the UAE’s real estate sector by providing building materials and solutions that meet the requirements of modern developments and contribute to the country’s sustainable urban growth.

She emphasized, "We believe that true growth is tied to our ability to deliver products and services that help build more efficient and sustainable communities, while supporting the vision of Abu Dhabi and the UAE to develop an integrated, future-ready urban environment."

Economic Diversification and Community Focus

The partnership will also support Abu Dhabi’s long-term economic diversification strategy by developing a low-density urban destination that brings together sustainable residential living, health and wellness facilities, equestrian activities, innovation hubs, open natural spaces, and modern infrastructure designed to meet the needs of future living.

Issa Ataya, founder and CEO of Wujod Real Estate Development, remarked that the project will serve as a sustainable platform supporting the health and wellness, innovation, and tourism sectors.

He stated, "Our ambition is to develop a leading global destination that sets a new standard for residential excellence through spacious residential clusters, specialized health and wellness facilities, equestrian and golf experiences, productive green spaces, integrated lifestyle amenities and services, as well as advanced and sustainable infrastructure."

The development aligns closely with Abu Dhabi’s strategic priorities in economic diversification, sustainability leadership, tourism growth, and the advancement of the health and wellness sectors, aiming to contribute effectively to the emirate’s long-term vision for integrated and future-focused urban development.

Share this article
inXf

Related articles

More
Dubai South and Majid Al Futtaim to Build Dh62 Billion Mixed-Use Community
Real Estate

Dubai South and Majid Al Futtaim to Build Dh62 Billion Mixed-Use Community

Dubai South and Majid Al Futtaim have announced a Dh62 billion mixed-use master community. The project will cover 22 million square feet and include residential, retail, and lifestyle units. It aims to establish a new economic hub near Al Maktoum International Airport.

Dubai Property Market Transitions to Long-Term Investment Focus
Real Estate

Dubai Property Market Transitions to Long-Term Investment Focus

Dubai's real estate market is increasingly viewed as a long-term investment destination. The average time for renters to become homeowners has decreased to 4.8 years. A growing investor base reflects heightened confidence in the UAE economy.

Emaar to Exit Joint Venture Structure for Damascus’ Eighth Gate Project
Real Estate

Emaar to Exit Joint Venture Structure for Damascus’ Eighth Gate Project

Emaar Properties will exit its joint venture for the Eighth Gate project in Damascus. The decision reflects increased confidence in Syria’s economic potential. The development aims to honor Syria’s heritage while fostering growth.

Abu Dhabi Rent Freeze Turns Housing Costs Into a Property-Market Watchpoint
Real Estate

Abu Dhabi Rent Freeze Turns Housing Costs Into a Property-Market Watchpoint

Abu Dhabi Real Estate Centre froze rent increases for residential, commercial and industrial properties until further notice. The measure sets renewals at a zero per cent increase and excludes Abu Dhabi Global Market (ADGM) communities such as Al Maryah Island and Reem Island. The next signal is whether the temporary freeze eases tenant pressure without weakening landlord incentives in a tight rental market.

Keep Reading

More Stories

Latest
Gulf Hiring Freezes Put AI And Digital Transformation Skills At RiskEconomyJun 10, 2026Gulf Hiring Freezes Put AI And Digital Transformation Skills At RiskGulf companies are using hiring freezes to protect costs, but source-backed labour data shows continued shortages in AI, technology, fintech, compliance and digital transformation roles. The risk is that broad freezes can weaken delivery and retention just as skilled workers in the UAE and Saudi Arabia see strong job-market alternatives.Blue Owl ADGM Office Turns Abu Dhabi Finance Growth Into A Private-Credit SignalEconomyJun 10, 2026Blue Owl ADGM Office Turns Abu Dhabi Finance Growth Into A Private-Credit SignalBlue Owl Capital is opening a regional headquarters in ADGM, adding a $315 billion asset manager to Abu Dhabi financial hub as the centre reports 57% first-quarter growth in assets under management.Belfast Knife Attack Turns Into Public-Order And Migration Test For UK AuthoritiesPoliticsJun 10, 2026Belfast Knife Attack Turns Into Public-Order And Migration Test For UK AuthoritiesPolice in Northern Ireland are investigating a serious Belfast knife attack as attempted murder while urging calm after residents intervened and online footage triggered public-order concerns.Sandstone Raises $30M For AI Workflow Tools In Company Legal TeamsScience & TechJun 10, 2026Sandstone Raises $30M For AI Workflow Tools In Company Legal TeamsSandstone raised $30 million in Series A funding led by Lightspeed Venture Partners to build AI workflow tools for in-house legal teams at small and mid-sized businesses.SpaceX Fixed-Price IPO Turns Retail Allocation Into The Main Market TestScience & TechJun 10, 2026SpaceX Fixed-Price IPO Turns Retail Allocation Into The Main Market TestSpaceX is offering IPO shares at a fixed $135 price, leaving allocation of roughly $75 billion in shares, especially retail access, as the main test before Thursday offering and Friday trading.UAE Salary Deadline Turns WPS Payroll Into A First-Of-Month Payments TestFintech & Digital PaymentsJun 10, 2026UAE Salary Deadline Turns WPS Payroll Into A First-Of-Month Payments TestUAE private-sector salary rules triggered a sharp WPS payroll surge on June 1, with Al Ansari Exchange up more than 151 per cent and Al Fardan Exchange up 136 per cent, turning wage compliance into a first-of-month payments and cash-flow test.Sabertooth's $500 Million SPV Push Turns AI Startup Access Into A ProductAIJun 10, 2026Sabertooth's $500 Million SPV Push Turns AI Startup Access Into A ProductSabertooth Capital has invested nearly $500 million into 10 late-stage AI and deep-tech companies through single-deal SPVs, showing how access to scarce private technology rounds is becoming a product of its own.Google's $4.99 AI Plus Cut Turns Consumer AI Into A Bundle FightAIJun 10, 2026Google's $4.99 AI Plus Cut Turns Consumer AI Into A Bundle FightGoogle cut AI Plus from $7.99 to $4.99 per month and doubled included storage to 400 gigabytes, pushing U.S. consumer AI subscriptions toward lower-priced platform bundles.GM Sodium-Ion Storage Push Turns AI Data Center Power Into A Battery Market TestCloud & Data CentersJun 10, 2026GM Sodium-Ion Storage Push Turns AI Data Center Power Into A Battery Market TestGeneral Motors is expanding into grid-scale energy storage through Peak Energy, LG Energy Solution and Redwood Materials, making AI data center demand a battery commercialization test.NAVER’s 55-Megawatt NVIDIA Buildout Tests Sovereign AI Cloud DemandCloud & Data CentersJun 9, 2026NAVER’s 55-Megawatt NVIDIA Buildout Tests Sovereign AI Cloud DemandNAVER and NVIDIA are expanding sovereign AI infrastructure from a 55-megawatt starting point toward gigawatt scale, tying Korea’s AI factory ambitions to DSX software, GAK Sejong capacity and localized model services.UAE Retail Forecast Turns AI And Luxury Spending Into A $227 Billion Market TestEconomyJun 9, 2026UAE Retail Forecast Turns AI And Luxury Spending Into A $227 Billion Market TestThe UAE retail sector is forecast to reach $227.1 billion by 2033, while smart retail is projected to grow more than twelvefold as luxury demand, tourism, grocery growth and AI-enabled retail systems reshape the market.Perplexity’s 2028 IPO Plan Puts AI Search On The Mega-Listing WatchlistAIJun 9, 2026Perplexity’s 2028 IPO Plan Puts AI Search On The Mega-Listing WatchlistPerplexity CEO Aravind Srinivas said the AI search company is still planning a 2028 IPO as Anthropic, OpenAI and SpaceX prepare large listings that could reset AI valuation expectations.