Where in the world is the best place to live as expats? According to a recent HSBC survey, the answer is the United Arab Emirates, which offers the best lifestyle to expatriates. The results were chosen based on factors, such as quality of life, personal finances and ease of settling in. The survey shed light on why people decide to move abroad and what problems they face when they...
ABU DHABI, 8th March, 2023 (WAM) – Aldar Properties (Aldar) and the Ministry of Climate Change and Environment (MOCCAE) recently co-hosted a real-estate focused National Dialogue for Climate Ambition (NDCA) meeting where 29 real-estate and construction companies from across the UAE signed Aldar and MOCCAE’s Real Estate Climate Pledge (the Pledge) By signing the Pledge, an initiative co-sponsored by...
New expatriates in the UAE can avail of quick and easy loans and other financial services, thanks to an initiative being billed as a 'credit passport'. The initiative will enable newcomers to leverage their home country's credit history when applying for financial services upon arrival to the UAE. The move is also expected to give a fillip to the retail banking sector. Al Etihad Credit Bureau (AECB)...
Abu Dhabi's real estate sector recorded 9,010 sales transactions worth $6.40bln and 10,023 mortgage transactions worth $14.74bln ABU DHABI - The Department of Municipalities and Transport (DMT) has revealed that the UAE capital's real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department's reports, the emirate's real estate sector...
Of the Abu Dhabi property owners surveyed, 67% said they would consider selling their units this year in return for a good premium Abu Dhabi: The majority of Abu Dhabi homeowners polled (82%) would reinvest in the property market if they sold their current unit in return for a good premium, according to a YouGov survey commissioned by Metropolitan Capital Real Estate (MCRE), a full-service leading...
RAK Properties PJSC, the largest listed property developer in Ras Al Khaimah, on Sunday reported annual revenue of Dh408 million for 2022. During the year, RAK Properties delivered 207 villas in Marbella, a luxury residential beachfront community on Hayat Island, as well as 266 apartments in Julphar Residence on Abu Dhabi’s Reem Island. In addition, RAK Properties successfully opened the 5 Star...
A 49.9% increase! That is what off-plan sales grew by in 2022, according to CBRE – and 2023 looks to be even bigger. And it wasn’t the whole market that went up. Secondary transactions were up 25% in 2022, but prices increased only 4%. Off-plan was a rocket ship. So, what is happening, and who is doing it? Before 2022 only Aldar was launching off-plan projects with any regularity, selling out its...
St Francis Church is one of three places of worship at the multi-faith centre The UAE's Abrahamic Family House will open to the public on March 1. Entry to the multi-faith place of worship, which houses a mosque, synagogue and church, will be free of charge, but bookings must be made in advance. The attraction's official website states that booking will be available online...
Supply remains limited in UAE capital, while occupancy levels in prime buildings hover at 95% Abu Dhabi’s strong economic rebound and expansion in employment levels are pushing office rents upwards in the UAE capital, according to a new report. Leasing rates for office space in three out of the six prime submarkets in the UAE capital registered increases of 3.5% to 12% during 2022, Knight...
New phase boasts five clusters of luxury residential units Q Properties, a unit of UAE-based investment group Q Holding, has has announced that all available homes in its recently-launched phase of Reem Hills, an AED8 billion ($2.2 billion) gated community on Abu Dhabi's Al Reem Island, have been sold out. The new phase offers 593 residential units in all, including villas, twin villas and...
