Developers say the problem is too many people looking for properties in the same areas. Dubai's population boom, paired with an influx of European property investors, is driving a housing shortage and a rise in rents, real estate experts have said. The city’s popularity has led to new properties selling out almost immediately, while soaring costs mean many current tenants and owners...

Jason Momoa is Yas Island Abu Dhabi’s newest chief island officer. The Hollywood star assumes the role after comedian Kevin Hart announced he was stepping down earlier this year. Hart first took on the role in May last year. “We are pleased to appoint Hollywood sensation Jason Momoa as the new chief island officer for Yas Island Abu Dhabi,” said Liam Findlay, chief executive of...

Currently in Abu Dhabi and in large parts of Dubai the Owners Associations are not run by the owners. They are run by the Developers. This has created such amazing stories as the developer selling property on the basis of a private beach, then making it public and charging, of them stopping Airbnb type arrangements except through the developer, of forcing owners to use the developer’s real estate...

Earth Day is on its way and “sustainability” is an excellent buzzword in the world, but what does it mean in Real Estate, and how can you fill up your car for free? Aldar even recently launched “Sustainable City” in Yas Island to much fanfare, and it sold exceptionally well off the back of its many sustainable features. And sustainability should be close to the front of our minds here in Abu...

Property sales in Abu Dhabi and Dubai surged in the first quarter of this year compared with the same period a year ago as the UAE’s property market continues to rebound strongly from the coronavirus pandemic. Abu Dhabi’s total sales transactions value for the three months to the end of March surged more than three times to Dh11.6 billion ($3.15 billion) compared to Dh3.6 billion for the same...

The total support provided by the scheme for the first group of 65 Emirati families amounts to $8.71mln UAE - Authorities in Dubai have launched a social initiative to support citizens with limited income who have received housing grants, but require additional funds for the construction or completion and furnishing of their homes. The ‘Bayti’ initiative aims to support and assist beneficiaries...

The rising trend of women investors is aided by the emergence of micro-investing apps, making it easy and affordable for individuals to invest small amounts of money regularly. The UAE’s growing women empowerment is helping the fairer sex to break yet another traditional male fiefdom – market investment, with the number of women investors in the country shooting up by a whopping 51...

EXCLUSIVE: From Dubai Design District’s and Expo City’s first residential phase to Deyaar $299.5mn seafront project, this month’s projects feature a heavy pipeline of mixed-used developments Closing doors to another eventful month as we welcome the second quarter of the year. With 17 new projects set to launch in the coming years, the month of March sets an example of the upward trend seen in the...

Investors in property or any other asset are looking for where their money will “work the hardest.” So you put your money to work making money, so you don’t have to. Now when it comes to the Ebb and Flow of the securities, bonds, FX, or Crypto markets, you just have to sit back and watch the ride, but the property has many more moving parts. So, given all these different aspects, is it better to...

Toledo comprises 405 units ranging from two-and three-bedroom townhouses with sizes starting from 120 sqm to 171 sqm to three- to five-bedroom detached villas from 254 sqm to 428 sqm Bloom Holding, a leading real estate development company, has appointed Edrafor Emirates as the enabling works contractor for Toledo, Phase Two of its fully integrated and all-inclusive residential community, Bloom Living,...