The Dubai real estate market has continued to significantly outperform many of its worldwide peers Abu Dhabi: – The Q2 2023 report by Asteco, the UAE’s leading full-service Real Estate company, revealed remarkable trends in the real estate markets of Abu Dhabi and Dubai. Both Emirates demonstrated great resilience in the face of rising interest rates and inflation. The Dubai real estate market has...
UAE Cabinet resolution expands ADGM’s jurisdiction to Al Reem island in addition to its current jurisdiction in Al Maryah island creating one of the largest concentrated Financial Districts in the world with a combined geographic area of 1438 hectares (~14377774.9 sqm). The expansion of ADGM’s jurisdiction stands as a testament to it being the fastest-growing IFC in the region, in addition to its...
ABU DHABI, 3rd May, 2023 (WAM) - The real estate sector in Abu Dhabi has continued its growth trajectory in the first quarter of this year, with 5,472 property sales and mortgages recorded worth AED 27.9 billion, compared to 3,304 transactions worth AED 11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT). The value of...
Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land for commercial and community facilities. The expansion of Al Falah is the latest phase...
Strong trade partnerships, event calendar & diverse experiences drive hotel occupancy over 70 percent in 2022 Abu Dhabi, UAE – Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced new performance targets for Abu Dhabi, which include plans to attract more than 24 million visitors to the emirate by the end of 2023. His Excellency...
For the third consecutive time, Abu Dhabi has been ranked as the smartest city in the Mena region, according to the IMD Smart City Index Report 2023. Published by the Switzerland-based International Institute for Management Development (IMD) in collaboration with the Singapore University of Technology and Design (SUTD), the report ranks Abu Dhabi 13th globally out of 141 cities, while Dubai takes the...
Strong trade partnerships, event calendar & diverse experiences drive hotel occupancy to over 70 percent in 2022 Abu Dhabi, UAE – Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced new performance targets for Abu Dhabi, which include plans to attract more than 24 million visitors to the emirate by the end of 2023. His...
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...
