We are very pleased to be opening our new location on Reem Island in Boutik Mall just beneath the iconic Sun and Sky towers. We hope that this central location will mean that our office becomes a hub for leasing and sales on Reem Island. The office is in fact a 90sqm open plan and modern kiosk on the first floor of the Mall next to the Khidmah office. It will be staffed seven days a week from 7.30am to 9...
What Do Greedy Landlords and Unicorns Have in Common? They both don't exist. I'm writing this article in response to a comment someone made on an article I shared on rents falling in Abu Dhabi. It was a comment on landlords being greedy by hiking rents 20% in 2014-15 and how they are now getting left high and dry. Greedy property owners who ask for above market rents never become greedy landlords because...
THE ABU DHABI REAL ESTATE MARKET IN 2016 The property market in Abu Dhabi is showing some very interesting cracks at the moment. Rents and sale prices are decreasing in some parts but holding up in others. General sentiment in the market, particularly on the sales side is depressed with lots of people looking but bid and offer prices still relatively dislocated. At the time of writing (August 2016), there...
Did You Miss Out on Phase I of Yas Acres? - Phase II Launches Saturday This is your August Newsletter - Still no news on the 3% tenancy tax I’m afraid. Generally not too much interesting going on, although our first group of agents who took the Brokers course have now received their certificates (after four months). State of the Market - I have recently written an article for Property Weekly on the...
Five Reasons You Need Property Management Our most common customer looking for property management is someone who is either out of the country and needs a safe pair of hands for their unit or is someone who is having trouble renting their unit and needs our assistance. These are both great reasons to seek out a trustworthy property manager, but this is very much the least we can do. And with property...
Why Genuine Property Investors Never Buy Cash So you think you’re a Property Investor, a Guru, the Jedi of Returns, the Master of Capital Appreciation. If you are buying with anything but as much debt as you can then you are still an amateur. Maybe you’re rich, obscenely wealthy, money is nothing to you – if you’re buying with cash you are a mere beginner on the property scene, level one, there...
Rents at Abu Dhabi’s Reem Island may drop once ‘dust settles’ after summer Ben Crompton quoted in the The National - “We are aware of reports saying that rents in Abu Dhabi are falling but realistically it is unlikely that we will see many rents fall in Abu Dhabi until after the dust settles in October." Housing rents for existing tenants on Abu Dhabi’s Reem Island could fall by as much as 10...
Abu Dhabi Market Showing Very Interesting Cracks The property market in Abu Dhabi is showing some very interesting cracks at the moment. Rents are decreasing on Reem island and the Corniche but holding up almost everywhere else. Reem island is softening due to the supply coming on line there, there are very few units being delivered in Abu Dhabi but almost all of them are on Reem. The Corniche is suffering...
The Wave- Al Reem Island New from Crompton Partners, located in the heart of Najmat district on Al Reem Island, The Wave, by Aabar Properties, now has stunning 2 and 4 bedroom, brand new apartments for sale. The Wave is a striking centrepiece development, positioned directly on the waterfront overlooking the Abu Dhabi skyline. These stylish apartments offer bright, modern, open plan living, walk-in...
Did You Miss Out on Phase I of Yas Acres? - Phase II Launches Saturday Due to selling out Phase I of Yas Acres so quickly Aldar are set to launch Phase II this Saturday (18th June 2016). Yas Acres on Yas Island is Aldar's latest launch of three to five bedrooms villas set around a golf course and is available to buy for expats. Aldar are paying the commission on the project so buyers can work with brokers...
