The UAE economy’s strength and recovery from the aftermath of the Covid-19 pandemic are evident in the positive projections made by international institutions and banks including the International Monetary Fund (IMF) and World Bank. “The UAE is poised for positive economic growth as it is projected to achieve a 3.6 per cent increase in its gross domestic product this year, driven by...

Aldar, IHC and Adnec team up to create property and facilities management giant Aldar, IHC and Adnec are set to team up to form a new property and facilities management giant with a portfolio of 135,000 properties in the region. Eltizam Asset Management Group, which is jointly owned by IHC and ADNEC Group, will merge with Aldar Estates. Aldar will hold a majority stake and retain control of...

RAK Properties plans to launch four new residential projects and a hotel project in Ras Al Khaimah this year and aims to surpass last year’s profitability on the back of higher sales, its chief executive has said. The value of the projects will be “in the billions of dirhams”, Sameh Al Muhtadi told The National in an interview. The new projects consisting of branded...

The UAE real estate market, in particular in Abu Dhabi, continues to grow. The emirate demonstrates a high rate of development, which directly affects the economy of the capital. A wide range of properties with different pricing categories are offered in Abu Dhabi by some of the most sought-after developers, in the most attractive locations. The government is determined to attract highly skilled and...

Abu Dhabi has the fastest-growing economy in the Middle East and GDP growth is at a nine-year high Abu Dhabi’s booming economy hit a nine-year high in the first three months of this year, according to official Statistics Centre statistics. This growth was driven by the robust performance of non-oil economic activities in the emirate. Statistics Centre – Abu Dhabi (SCAD) released...

Leading real estate development company, Bloom Holding, has signed an agreement with Rotana Hotel Management Corporation (Rotana), to manage Bloom Arjaan by Rotana. The property is located in Bloom’s prestigious Park View development on Abu Dhabi’s Saadiyat Island. Commanding a prominent location in the heart of the capital’s cultural district, and across from the world-renowned New York University...

UAE  has once made it again and topped the list for being the country young Arabs prefer to live in the most. For the 12th consecutive year, UAE has been named as the most desirable country to live in according to the Arab Youth Survey. Data and results are based on face-to-face interviews which were conducted with 3,600 young people aged between 18 and 24 across different countries. The...

Ethmar International Holding snaps up Al Raha Beach development in Abu Dhabi A major Abu Dhabi real estate development has been snapped up by a property firm looking to maximise investment in the city’s real estate sector. Ethmar International Holding has announced the acquisition of Lamar Residences, one of the luxury mega projects on Al Raha Beach in the Seef district in Abu Dhabi, with a...

Abu Dhabi’s Department of Municipalities and Transport (DMT) has introduced a new Unified Contract Template for the sale of units and plots in the city’s development areas. The new template will come into effect on July 3, 2023. The introduction of this new template aims to ease the buying and selling process for off-plan properties while ensuring transparency and trust between developers and...

When it comes to real estate projects, having access to accurate and up-to-date information is crucial for both buyers and sellers. Dari, the Digital Real-Estate Ecosystem, has emerged as a comprehensive platform that provides valuable insights into projects, including essential details about escrow accounts and service charges. In this blog, we will explore how Dari serves as a reliable source of project...