Abu Dhabi's real GDP growth accelerated to 9.3% in 2022 but is expected to be broadly flat in 2023 due to the OPEC+ agreement to cut oil production, S&P Global Ratings said in a new report. "We estimate economic growth will be broadly flat in 2023, with nonhydrocarbon sector growth of about 4%, partly due to tighter monetary policy conditions," Trevor Cullinan and other analysts said in the...

The Abu Dhabi Housing Authority recently made an exciting announcement regarding the launch of new housing projects in the West Baniyas and Al Samha regions. These projects will encompass a total of 1,742 residential villas, catering specifically to the citizens of Abu Dhabi. With a combined investment exceeding AED7 billion ($1.9 billion), these developments aim to provide high-quality housing solutions...

When it comes to selling your home, maximizing its value is a top priority. To ensure you get the best possible price, it's essential to implement effective selling strategies. In this blog post, we will explore some tried and tested techniques that can help you increase the value of your home and attract potential buyers. Enhance Curb Appeal: First impressions matter, and the exterior of your home...

Abu Dhabi has launched housing projects worth over Dhs7 billion, aimed at providing citizens with 1,742 residential villas. The Abu Dhabi Housing Authority revealed that the projects will be located in West Baniyas and Al Samha. The West Baniyas residential project involves the construction of 1,500 villas, along with the development of infrastructure, gardens, public facilities, and services....

In the year leading up to March 2023, average apartment rents in Abu Dhabi witnessed a marginal decrease of 0.7%, while villa prices saw a modest growth of 1.1%, according to CBRE's UAE Real Estate Market Review for Q1 2023. The report highlights that both apartment and villa sales prices increased over the year, with apartments experiencing a 1.4% growth and villas registering a 1.6%...

A growing trend is emerging among Dubai residents as they increasingly opt for bank mortgages to purchase properties. Escalating rental costs, which have sometimes outpaced mortgage repayments, have been the primary driving factor behind this shift. Despite rising interest rates, the surge in rental rates has been even more pronounced, prompting long-term planners to consider purchasing properties through...

Introduction: When it comes to purchasing a property, the decision between buying a ready-made villa or buying a plot and building your villa can be a crucial one. While both options have their merits, this blog post aims to highlight the advantages of building your villa on a plot, offering you a unique and tailored living experience. Unparalleled Customization: Building your villa provides you...

Are you on the hunt for the perfect rental home in Abu Dhabi? Look no further! Let us introduce you to the incredible benefits of renting with us. Extensive Property Portfolio: Crompton Partners has an extensive selection of residential properties in Abu Dhabi, catering to various preferences and budgets. Whether you're seeking a cozy apartment, a luxurious villa, or a modern townhouse, we have...

Real Estate Investment Trusts (REITs) are a popular investment option in the real estate industry. REITs are similar to mutual funds, but instead of owning stocks, they own income-generating real estate assets such as shopping centers, offices, apartments, hotels, and warehouses. In this article, we will discuss everything you need to know about REITs, including whether they are applicable in the...

The residential property market in Abu Dhabi's freehold areas experienced growth of 1.2 percent in Q1 2023, pushing average prices to Dh964 per square foot (psf), according to the latest Abu Dhabi Residential Market Review by global property consultancy Knight Frank. Conversely, villa values showed moderation after six consecutive months of growth, resulting in an annual rate of change of 1.2 percent. The...