Renting in UAE is easy and straightforward but you need to know the hidden costs.  What not brokers tell you about when they take you for viewing are the extra fees you need to pay to be a tenant in the UAE. In this email, we will break down for you all that you need to know.  Municipality fees for the Tawtheeq are only 50 dirhams, but there may be admin fees added on to this by the property...

2022 saw the return of the off-plan sale to Abu Dhabi. Several projects were launched, particularly on Saadiyat and even Yas Islands and by several developers, with old stalwarts like Aldar and Bloom leading the way against new upstarts like Q Holding and Baraka. A few of these schemes sold out on launch, but most did sell out quickly. It seems off-plan is popular again but is it worth investing in? So...

Literally living our best life… Global statistic database, Numbeo has published the result of its 2023 survey into the quality of life in various parts of the globe. The survey establishes an overall value for ‘quality of life’ based on a number of qualifying factors, aspects of life that contribute to an overall sense that ‘you know what, this place is actually pretty...

Aldar Properties (‘Aldar’) in partnership with Diamond Developers has launched The Sustainable City – Yas Island, a sustainability-centric community offering a new way of life for residents in Abu Dhabi. Aldar Properties (‘Aldar’) in partnership with Diamond Developers has launched The Sustainable City – Yas Island, a sustainability-centric community offering a new way of life for...

Aldar received an improved score of 16.1 on Sustainalytics' ESG risk assessment scale in 2022. Image Courtesy: Aldar Properties Aldar’s 2022 MSCI’s ESG Rating upgraded to ‘BBB’ from ‘BB’ in 2021 S&P Dow Jones Sustainability Index saw Aldar score 60 points in 2022 compared to 58 points in 2021 Abu Dhabi, UAE – Aldar Properties (‘Aldar’) has witnessed a robust year on year...

There will be some exciting drivers for real estate in Abu Dhabi in 2023, pulling the market in very different directions. First, interest rates are set to rise further in 2023, which will undoubtedly depress mortgage borrowing. When it becomes more expensive to borrow, buyers who might have purchased will think twice. This will remove buyers from the market, and fewer buyers mean lower prices. A...

Crompton partners won at the 9th edition of the Property Finder Awards, the quality brokerage of the year award for Abu Dhabi. The Property finder Awards is an opportunity to shine the light on the success of those who worked tirelessly to build the real estate industry in the UAE, and participated into getting to where it is today. It recognizes those who ensure that trust is built among home seekers...

November 2022 recorded 10,941 sales transactions worth AED 30.5 billion In November 2022, the Off-plan Market witnessed the highest value of transactions in a decade by recording AED 12.7 billion for the first time. Annual rental contracts for November witnessed around a 7.5% increase YoY, whereas non-annual contracts recorded a slight increase of 1.1% MoM. Dubai, UAE: According to Property...

High and rising inflation is forcing interest rates for loans to rise. Here is a survival guide to adapt and survive the emerging harsh realities Worryingly, experts do not expect the central bank rate hikes to be enough to bring down inflation. Across the world, it is expected to remain substantially higher than levels that existed before the outbreak of the global pandemic in 2020. High inflation...

The question is always asked: why would you waste your money getting a property valuation? There is no need, it’s not worth the paper it is written on. Let’s examine what property valuation means and why you should consult a real estate company for your property valuation. An official property valuation is generally conducted on a request by a buyer’s bank when they’re looking to buy a...