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...
Occupancy rate in the city stood at an average of 81% in the second quarter Abu Dhabi residential property rents fell to their lowest since 2016 in the second quarter, according to a new report from property consultancy ValuStrat. The ValuStrat Price Index (VPI) for Abu Dhabi Rental Values dropped 3.4 per cent quarter-on-quarter to 72.3 points, 27.7 per cent below 2016 levels. The index is...
The index measured transparency in 156 cities in 94 countries Abu Dhabi’s real estate market has been recognised as one of the top global improvers in 2022 in the latest Global Real Estate Transparency Index (GRETI) by JLL International. The report, published by the world’s leading real estate advisory firm JLL, measured transparency in 156 cities in 94 countries. The index is an essential tool...
Likes of Aldar and Bloom have ramped up offplan releases amidst solid demand Published: July 22, 2022 10:39 Gulf News Report Yas and Saadiyat islands have been helped by a series of launches through the period. Aldar has had a couple of launches near the cultural landmarks.Image Credit: Reuters Dubai: Steady offplan launches and a deep well of demand were enough for Abu...
As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi’s real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over Dh22.51 billion in the first six months of the year. The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and...
A resort style community on Yas Island Press Release July 5, 2022 AED 1.7 billion development overlooking Yas Links Abu DhabiDesigned in response to growing demand for lifestyle-oriented properties on Yas IslandStudios, apartments and duplexes with stunning golf course and sea views available to all nationalities from 23 July519 apartments for sale in initial release Abu Dhabi,...
Have you been thinking about investing in the real estate market? This is your chance to invest in the newest project by Aldar in Saadiyat Island. Don’t miss out on an amazing Opportunity, Own a property with only 5% Down Payment Aldar's latest project will be surrounded by some of the city’s cultural landmarks – the Zayed National Museum, the Louvre Abu Dhabi, and the Guggenheim Abu...
When you buy a rental property, it starts generating income for you immediately Dubai: Investing in real estate allows you to develop an additional income source to help cover costs as an early retiree. But can it be the only reliable source of post-retirement income? How it has worked out so far is that most often people save up a nest egg over the course of a 40-50 year career, and then spend it...
Your “home country” Will does not cover your Abu Dhabi property. Abu Dhabi property was specifically excluded by Federal Decree number 29 and 30 of 2020 from the new laws on recognition of “foreign” wills. So how can you stop UAE law applying to the inheritance of your UAE home? The answer is simple, get your “home country” Will registered by the Abu Dhabi Courts. In 2018, the Abu Dhabi...
You can obtain a ten-year Golden Visa upon buying a property (built or Off-Plan property) with a value of no less than AED 2 million, and visas can also be issued to the holder’s spouse and children. FAQs Can I get a visa if I have an off-plan property? Yes you can, if it is paid up to AED2mWhat are the costs to get the Golden Visa? About AED2,500 but you will also need health insurance for all...
