Dubai now holds the 18th spot, while Abu Dhabi is at the 43rd position on the Mercer’s Cost of Living 2023 survey. The Mercer’s Cost of Living 2023 survey has revealed that Dubai and Abu Dhabi have moved up in the rankings in terms of cost-of-living. Dubai now holds the 18th spot, while Abu Dhabi is at the 43rd position. Despite these changes, the UAE’s...
UAE Ministry of Finance issues cabinet decision on corporate tax rules for real estate investment The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country. The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates. It outlines whether foreign companies and...
When it comes to lucrative investment opportunities, Yas Island stands out as a prime destination that combines luxury, entertainment and a promising return on investment. Located in Abu Dhabi, the capital of the United Arab Emirates, Yas Island has rapidly evolved into a global icon, attracting investors and tourists alike. In this blog, we will explore the compelling reasons why investing in Yas Island...
Abu Dhabi, the vibrant capital of the United Arab Emirates, is known for its remarkable real estate developments. Among them, Saadiyat Lagoons has emerged as a haven of tranquillity and an attractive investment opportunity. Nestled on Saadiyat Island, this visionary project combines stunning natural surroundings with modern living, creating a unique destination that appeals to both residents and...
Now reinvigorated and reimagined, the Palm Jebel Ali has been part of the Dubai landscape for more than 20 years. Construction began in 2002 as part of a hugely ambitious series of artificial offshore islands that included Palm Jumeirah, The World and Palm Deira. At one stage, it was proposed some of the islands off the Palm Jebel Ali form the shape of a poem written by Sheikh Mohammed...
Abu Dhabi's real GDP growth accelerated to 9.3% in 2022 but is expected to be broadly flat in 2023 due to the OPEC+ agreement to cut oil production, S&P Global Ratings said in a new report. "We estimate economic growth will be broadly flat in 2023, with nonhydrocarbon sector growth of about 4%, partly due to tighter monetary policy conditions," Trevor Cullinan and other analysts said in the...
The Abu Dhabi Housing Authority recently made an exciting announcement regarding the launch of new housing projects in the West Baniyas and Al Samha regions. These projects will encompass a total of 1,742 residential villas, catering specifically to the citizens of Abu Dhabi. With a combined investment exceeding AED7 billion ($1.9 billion), these developments aim to provide high-quality housing solutions...
When it comes to selling your home, maximizing its value is a top priority. To ensure you get the best possible price, it's essential to implement effective selling strategies. In this blog post, we will explore some tried and tested techniques that can help you increase the value of your home and attract potential buyers. Enhance Curb Appeal: First impressions matter, and the exterior of your home...
Abu Dhabi has launched housing projects worth over Dhs7 billion, aimed at providing citizens with 1,742 residential villas. The Abu Dhabi Housing Authority revealed that the projects will be located in West Baniyas and Al Samha. The West Baniyas residential project involves the construction of 1,500 villas, along with the development of infrastructure, gardens, public facilities, and services....
In the year leading up to March 2023, average apartment rents in Abu Dhabi witnessed a marginal decrease of 0.7%, while villa prices saw a modest growth of 1.1%, according to CBRE's UAE Real Estate Market Review for Q1 2023. The report highlights that both apartment and villa sales prices increased over the year, with apartments experiencing a 1.4% growth and villas registering a 1.6%...
