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...
Arabian Business has revealed that Mohamed Alabbar, the Emaar founder and Americana chairman, will launch a new island project called Ramhan Island off the coast of Abu Dhabi. The project will include 1,800 beach villas, 1,000 branded residences, a hotel, and a marina, and will be developed by his privately owned Eagle Hills development company. Alabbar described the island as “natural, raw,...
Abu Dhabi has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil The growth of Abu Dhabi's Gross Domestic Product (GDP) reached 10.5 per cent in the first nine months of 2022, the highest in the Mena region, compared to the same period of 2021, according to Statistics Centre - Abu Dhabi (SCAD). Through the provision of an enabling knowledge-based...
The residences feature 130 units comprising studios, one-bedroom, two-bedroom, and three-bedroom apartments February 13, 2023 MIDDLE EASTUAEREAL ESTATE InterContinental Abu Dhabi has launched its brand-new residences scheduled to open in the first quarter of the year in the neighbourhood of Al Bateen district, a stone’s throw from some of the central business and leisure facilities. The...
Les Vagues residences by Elie Saab. Applying technology creatively to real estate investing in the UAE can help the sector scale new heights. (Supplied) While the global paradigm shift to digital is evident, UAE and the region in their quest for economic diversification have set their pace for digitalization on overdrive on the back of concerted government efforts to bring in strategic digital...
The UAE real estate sector continues to grow with off-plan property sales hitting AED12.1bn Dubai’s real estate sector continues to grow with off-plan property sales hitting AED12.1bn ($3.3bn) in the first month of the year, according to ZāZEN Properties. According to a statement from the sustainable property developer, more than 9,800 sales transactions were registered in January. This...
The company will look at bond issuance opportunities as it continues with its acquisition plans, its chief financial and sustainability officer says Aldar Properties, Abu Dhabi’s biggest listed developer, reported a 27 per cent surge in its full-year profit as revenue increased on the back of strong growth in property sales. Net profit attributable to owners of the company for...
We’re living in mega times… In the past few years we’ve seen some huge new leisure projects launch in Abu Dhabi, we’re looking at the WB hotel; The Yas Bay Waterfront; The National Aquarium and other alluring attractions within Al Qana; Mamsha Al Saadiyat has proliferated into a thrilling little foodie district; and The Al Wathba Fossil Dune Protected Area headlines our pick of the...
Aldhay was completed six months ahead of its scheduled handover date Leading UAE real estate developer Bloom Holding has announced that it has begun the handover of its 181-unit residential project Aldhay - the fifth phase of the gated community project Bloom Gardens - located on the Eastern Mangrove Corniche in Abu Dhabi. Aldhay was completed six months ahead of its scheduled handover date, which...
