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...
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...
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...
The virtual world will launch in the first quarter of 2023 Abu Dhabi’s Yas Island is set to launch a metaverse in the first quarter of 2023, according to an Arabian Business source. The project will be led by real estate developer and investment firm Aldar Properties, the source said, adding that Yas Island’s new metaverse will allow users to buy property in the always-on virtual...
Rent Dispute Settlement Committees fall under the Abu Dhabi Judicial Department (ADJD) and in order to file a case you need to first visit an Enjaz centre. Enjaz centres are the customer happiness centres for ADJD and provide services like typing and filing cases, receiving court judgements for non-criminal cases, attesting transactions, entering data for court services and notarising public...
The contractor will commence enabling works in September ahead of the launch of the community’s second phase, marking a major milestone in the development of Bloom Living Staff Writer, TradeArabia August 24, 2022 UAEGCC COUNTRIESCONSTRUCTIONREAL ESTATE UAE - Leading real estate development company, Bloom Holding, has signed up Edra for Emirates as the first contractor for enabling works...
Article 20(3) of the 2006 Tenancy Law States that “In the event that either party does not wish to renew the lease, or wishes to amend the conditions of the lease, that party shall notify the other party in writing two months prior to the date of the lease’s expiry, for residential property”. The notice period for commercial is two months. So, it should be noted that leases in Abu Dhabi are...
