Utility shortage threat to UAE property developments

A lack of power and water could threaten investments in some UAE property developments, it has been claimed. According to Gulf News, a senior federal government official has expressed concerns projects in the northern Emirates could end up without utilities due to planning shortfalls.

Quoted by the site, Hassan Abdullah Al Ghasyah, executive director of Supply at the Federal Electricity and Water Authority (FEWA), said construction in the area was broadly “unplanned”.

According to Gulf News, Mr Al Ghasyah said:

“Local government authorities have not coordinated on precise water and power requirements with Fewa.

“However, according to the cabinet decision, Fewa is committed to a minimum 8 per cent annual growth in power and water demand.”

Around 300 towers in the Ajman, Umm Al Quwain and Ras Al Khaimah areas are thought to be most at risk of the problem. Zawya also reports the Northern Emirates are experiencing an acute gas shortage, while the wider UAE also has less severe shortfall problems.

Iran may provide a source of extra gas supplies, although it is thought the country is afraid of running out itself.

Related posts:

  1. UAE utility fears eased by Industrial City installations
  2. Utility upgrades boost UAE real estate market
  3. RAK considers visas for property investors
  4. 'Las Vegas-style' UAE property development scrapped
  5. Real estate show with Seven-star hotel investment opportunities

This entry was posted in Overseas Property News and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>