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Why Is the Real Estate Market Booming in the UAE?

The Architecture Designs

During the second quarter of 2022, the UAE real estate market is standing firm on its ground. Despite the global headwinds and rising inflation concerns of the world government, the UAE real estate market has shown little to no effects. Well, most of the credit can be given to the pandemic of 2020.

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Williamsburg Wharf by Brandon Haw Architecture, Cookfox, Rockwell Group, Ward + Gray, Studio Munge, Hill | West

aasarchitecture

Naftali Group, a leading privately held global real estate development and investment firm based in New York, announced the official unveiling of Williamsburg Wharf, a 3.75-acre With construction already well underway onsite, the first phase of Williamsburg Wharf is estimated to be completed in 2025.

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A lot less new housing

Brandon Donnelly

According to this recent Globe and Mail article , residential building costs increased 55% since 2020. At the same time, city fees were being increased and some people, for whatever reason, believed this would not have an impact on home prices. This year alone, the number is estimated at 14,000 homes.

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Renovation Generation: Why Will Adaptive Reuse Will Reign In 2023

Architizer

The United States has an excess of paved parking spaces (an estimated 2 billion ), and city officials have begun exploring alternative uses of these concrete spaces in the hopes of encouraging pedestrian movement and discouraging vehicle use. Tainan Spring by MVRDV , Tainan, Taiwan, 2020. Photo by Daria Scagliola/Stijn Brakkee.

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Adaptive reuse: 5 benefits of office-to-residential conversions

BD+C

The City of Chicago recently put out the LaSalle Reimagined Initiative IFP , which, in the words of Department of Housing Commissioner Marisa Novara, aims to “create hundreds of homes, including much-needed affordable housing in the city's central business district.”

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Seattle is building more accessory dwellings than single-family houses

Brandon Donnelly

The result is that the city is now permitting close to 1,000 ADUs per year (2022 figure). Part of what’s driving this adoption is that the City created 10 pre-approved plans that owners/builders can choose from. And since they were launched in September 2020, these plans have been permitted 130 times.

Permits 64
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Here Is What COVID-19 Will Do to Architecture and Cities

Community Architect

People with those convictions certainly don't think that architecture or cities will change. Already the NYT is reporting a wave of people fleeing New York City for the suburbs. The abandoned office in 2020 Aside from people's preferences, the economic impact alone could be enduring. Those are the effects on the city.

Cities 52