Abu Dhabi is booming with record GDP growth as non-oil contributes 50 per cent The Abu Dhabi economy is the fastest growing in the Middle East and North Africa, with a remarkable 9.3 per cent growth last year. Non-oil sectors contributed 50 per cent of GDP last year, with real estate, healthcare and real estate all contributing to significant growth. The Statistics Centre – Abu...

UAE Cabinet resolution expands ADGM’s jurisdiction to Al Reem island in addition to its current jurisdiction in Al Maryah island creating one of the largest concentrated Financial Districts in the world with a combined geographic area of 1438 hectares (~14377774.9 sqm). The expansion of ADGM’s jurisdiction stands as a testament to it being the fastest-growing IFC in the region, in addition to its...

ABU DHABI, 3rd May, 2023 (WAM) - The real estate sector in Abu Dhabi has continued its growth trajectory in the first quarter of this year, with 5,472 property sales and mortgages recorded worth AED 27.9 billion, compared to 3,304 transactions worth AED 11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT). The value of...

Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land for commercial and community facilities. The expansion of Al Falah is the latest phase...

For the third consecutive time, Abu Dhabi has been ranked as the smartest city in the Mena region, according to the IMD Smart City Index report 2023. Published by the Switzerland-based International Institute for Management Development (IMD) in collaboration with the Singapore University of Technology and Design (SUTD), the report ranks Abu Dhabi 13th globally out of 141 cities, while Dubai takes the...

Strong trade partnerships, event calendar & diverse experiences drive hotel occupancy over 70 percent in 2022 Abu Dhabi, UAE – Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced new performance targets for Abu Dhabi, which include plans to attract more than 24 million visitors to the emirate by the end of 2023. His Excellency...

The key development will feature 899 residential villas as well as other key amenities Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land...

For the third consecutive time, Abu Dhabi has been ranked as the smartest city in the Mena region, according to the IMD Smart City Index Report 2023. Published by the Switzerland-based International Institute for Management Development (IMD) in collaboration with the Singapore University of Technology and Design (SUTD), the report ranks Abu Dhabi 13th globally out of 141 cities, while Dubai takes the...

Strong trade partnerships, event calendar & diverse experiences drive hotel occupancy to over 70 percent in 2022 Abu Dhabi, UAE – Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced new performance targets for Abu Dhabi, which include plans to attract more than 24 million visitors to the emirate by the end of 2023. His...

Additionally, Abu Dhabi’s off-plan market maintained a positive momentum recording 1,345 off-plan sales transactions in Q1 2023 Abu Dhabi's real estate sector has registered solid growth for the first three months with its sales transaction value growing three-fold to hit AED11.602 billion ($3.2 billion) from AED3.633 billion last year, according to industry expert Property Finder. Additionally,...