Abu Dhabi’s Department of Municipalities and Transport (DMT) has introduced a new Unified Contract Template for the sale of units and plots in the city’s development areas. The new template will come into effect on July 3, 2023. The introduction of this new template aims to ease the buying and selling process for off-plan properties while ensuring transparency and trust between developers and...
When it comes to real estate projects, having access to accurate and up-to-date information is crucial for both buyers and sellers. Dari, the Digital Real-Estate Ecosystem, has emerged as a comprehensive platform that provides valuable insights into projects, including essential details about escrow accounts and service charges. In this blog, we will explore how Dari serves as a reliable source of project...
The UAE is expected to attract 4,500 new millionaires this year, according to a report by Henley & Partners, which tracks private wealth and investment migration trends worldwide. The Emirates was ranked second behind Australia, which is expected to attract the highest net inflow of high-net-worth individuals globally at 5,200, Henley & Partners said in the report,...
Investing in real estate is a popular choice for many individuals, and in Abu Dhabi, the market offers a unique opportunity through off-plan properties. Off-plan properties refer to properties that are purchased before they are completed, offering several advantages to investors. In this blog post, we will explore the benefits of buying off-plan properties in Abu Dhabi and why it can be a lucrative...
ABU DHABI & Ras Al Khaimah, UAE: According to leading global property consultancy, Knight Frank, Abu Dhabi has transformed itself into a global tourist and investment hotspot, repositioning itself over the last 15-20 years as a complimentary cultural and entertainment hub to Dubai. In Knight Frank’s Destination Dubai flagship report, the emirate emerged as the second most popular real estate...
Abu Dhabi announces Hudayriyat Island masterplan with Surf Abu Dhabi, Velodrome Abu Dhabi, giant urban park and more Abu Dhabi is set to embark on a major development of Hudayriyat Island. Modon Properties has revealed the highly anticipated masterplan for Hudayriyat Island. It will see a world class surfing attraction, velodrome and giant urban park built in the city as well as the...
Aldar Properties announces launch of wellness-inspired property in Abu Dhabi Aldar Properties has announced the launch of the second building at The Source, a residential community offering wellness-inspired living in the heart of Saadiyat Island in Abu Dhabi. The Source II follows on from the sell-out of the first building at The Source, a community specifically designed with residents’...
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...
