Developers ignoring Planning Council order that 20% of new residential property must be affordable housingFew developers in the capital have announced affordable housing projects, despite the Abu Dhabi Urban Planning Council (UPC) directing at least 20 per cent of new residential property to be set aside for middle-income earners, according to a top real estate analyst.
"It is indeed the government's policy, but to date, we have not seen many developers announcing projects that meet this criteria.
"This gets to the root of the problem with affordable housing - if you speak with the developers they will tell you they just cannot provide housing at the rentals stipulated by the Urban Planning Council and still make an acceptable economic return," Craig Plumb, Head of Research Mena, Jones Lang LaSalle (JLL),
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