630 of the development's 1,050 units will be available for purchase during the first phase of the launch UAE-based Aldar Properties has announced the launch of Reeman Living, a freehold residential development in the Al Shamkha neighborhood of Abu Dhabi, that offers bespoke design elements and colour palettes, efficient storage spaces, and an adaptable environment. Open to buyers of all...
Boating along the Corniche in Abu Dhabi. A number of new building projects have been launched in recent months. Khushnum Bhandari / The National Abu Dhabi investment company Q Holding and Egypt's Ora Real Estate Development Group have signed a partnership agreement to develop a smart and sustainable city in the Ghantoot area of the UAE capital. The mixed-use project will span more than 20 million...
While work begins on constructing private mansions, the company will be working to landscape the project’s public spaces and complete the construction of villas in time to meet the next tranche of property handovers scheduled for September 2023 UAE - Leading UAE developers Jubail Island Investment Company and Lead Development today (March 12) celebrated the official handover of the title deed of the...
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...
