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...

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...