{"id":48035,"date":"2017-03-14T23:52:00","date_gmt":"2017-03-14T16:52:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=48035"},"modified":"2017-03-14T22:11:44","modified_gmt":"2017-03-14T15:11:44","slug":"zonescorp-selling-off-first-phase-of-worker-city-project-on-outskirts-of-abu-dhabi","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zonescorp-selling-off-first-phase-of-worker-city-project-on-outskirts-of-abu-dhabi\/","title":{"rendered":"ZonesCorp selling off first phase of worker city project on outskirts of Abu Dhabi"},"content":{"rendered":"


\nZonesCorp, the government-owned developer and operator of industrial zones in the UAE, is selling off the first phase of its new Razeen worker accomodation project on the outskirts of Abu Dhabi.In a statement on Tuesday, the Higher Corporation for Specialised Economic Zones (ZonesCorp), said that it was due to start marketing Razeen A, the first phase of Razeen Labor City to investors.Razeen is a 640,000-square metre purpose-built project close to Al Wathba which can house up to 100,000 workers in four identical compounds.Each compound consists of 18 three-storey, dormitory-style accommodation buildings, three three-storey kitchen and dining buildings, a three-storey clinic, a three-storey administration and security building, a single-storey shopping centre, a mosque that can accommodate 2,000 worshippers at a time, 16 guardrooms and landscaped recreation areas.ZonesCorp said that it was currently working to finish the infrastructure at Razeen city to make it operational by the end of the year.”Demand for housing outstrips supply in this segment of the market as a result of rapidly growing industrial and manufacturing sectors and therefore represents an excellent opportunity for investors, particularly due to its close proximity to the Industrial City of Abu Dhabi,” said Falah Al Ahbabi, the chairman of ZonesCorp.ZonesCorp currently oversees 28 camps which house over 450,000 workers from the industrial sector.A growth in construction and manufacturing in the UAE has led to an increase in popularity for worker accommodation among investors seeking new high-yielding asset classes.Brokers say that yields for the properties can reach as high as 10 per cent in some cases.Dozens of camps are advertised for sale on property websites such as bayut.com and dubizzle, offering sites in the UAE for between Dh10 million and Dh100m.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…ZonesCorp selling off first phase of worker city project on outskirts of Abu Dhabi<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ZonesCorp, the government-owned developer and operator of industrial zones in the UAE, is selling off...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-48035","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cuL","jetpack-related-posts":[{"id":48023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zonescorp-selling-off-first-phase-of-labour-camp-outside-abu-dhabi\/","url_meta":{"origin":48035,"position":0},"title":"ZonesCorp selling off first phase of labour camp outside Abu Dhabi","date":"March 15, 2017","format":false,"excerpt":"\r ZonesCorp, the government-owned developer and operator of industrial zones in the UAE, is selling off the first phase of its new Razeen labour camp on the outskirts of Abu Dhabi.In a statement on Tuesday, the Higher Corporation for Specialised Economic Zones (ZonesCorp), said that it was due to start\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-to-build-five-new-14-storey-towers-at-akoya-oxygen-project\/","url_meta":{"origin":48035,"position":1},"title":"Damac to build five new 14-storey towers at Akoya Oxygen project","date":"January 17, 2016","format":false,"excerpt":"\r \r Damac Properties is planning to build five new 14-storey towers at the company\u2019s Akoya Oxygen golf course community off the Umm Suqeim Road extension on the outskirts of Dubai.Damac announced today that it has started to market apartments in its Dh850 million Navitas Hotel & Residences project at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/modon-holding-forms-jv-to-deliver-54-storey-harborside-4-in-jersey-city\/","url_meta":{"origin":48035,"position":2},"title":"Modon Holding forms JV to deliver 54-storey Harborside 4 in Jersey City","date":"December 22, 2025","format":false,"excerpt":"\r Abu Dhabi company has a majority stake in the prime waterfront property which will deliver 800 luxury rental apartments and condos in Q1 2029 The post Modon Holding forms JV to deliver 54-storey Harborside 4 in Jersey City appeared first on Arabian Business: Latest News on the Middle East,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/Modon-JV-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9272,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-central-apartments-and-offices-enter-the-market-in-abu-dhabi\/","url_meta":{"origin":48035,"position":3},"title":"Bloom Central apartments and offices enter the market in Abu Dhabi","date":"March 28, 2016","format":false,"excerpt":"\r \r The Abu Dhabi-based private developer Bloom Properties has started marketing 49 apartments and 7,000 square metres of office space at the first phase of its its Bloom Central development close to the Al Wahda Mall in Abu Dhabi. 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In a statement to the Abu Dhabi bourse, Manazel said yesterday that it was preparing to launch a tourism project\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30515,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/te-rapa-racing-premises-looks-a-good-bet\/","url_meta":{"origin":48035,"position":5},"title":"Te Rapa racing premises looks a good bet","date":"October 19, 2016","format":false,"excerpt":"\r The land and buildings housing the New Zealand Racing Board's Waikato operations are on the market for sale.The two-storey freehold premises at Te Rapa Rd, on the northern outskirts of Hamilton, is a 797sq m building on 1542sq m...\r \r Source : nzherald.co.nz\/Property\r Read more...Te Rapa racing premises looks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48035"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=48035"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48035\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}