Dubai: Abu Dhabi's Aldar Properties will finally get to make its entry in Dubai. The mega-developer has aligned with Dubai Holding, which holds a Dh130 billion portfolio of assets, in a 'binding' joint venture agreement to develop 'exciting living experiences across prime locations in Dubai'. The plan is to build more than 9,000 residential units in the suburbs, with the launches being planned...
Aldar Properties is developing a new waterfront community after buying Al Fahid Island in Abu Dhabi Abu Dhabi’s Aldar Properties has bought land between Yas Island and Saadiyat Island and is planning a new waterfront community in the emirate. When complete the $7bn development will overlook iconic Abu Dhabi mangroves and an almost 5km stretch of beach land. Aldar acquired Al Fahid...
Gulf Today, Staff Reporter Bayut, the UAE’s leading property portal, has released its Abu Dhabi property market reports for 2022. The data collected by Bayut revealed that sales prices of both affordable and luxury apartments for sale in the capital have continued to rise. When it comes to more spacious, private villas, luxury homes have become more expensive while affordable villas have become...
The economic recovery, aided by higher oil prices and a revival in tourism and trade, resulted in a significant increase in inward investment Abu Dhabi – According to the Asteco 2022 Q4 real estate report, the UAE has demonstrated an impressive level of resilience in the aftermath of the COVID pandemic in 2022. The economic recovery, aided by higher oil prices and a revival in tourism and trade,...
Taraf will introduce five thoughtfully designed properties in the UAE during 2023 In a diversification and growth push, UAE-headquartered Investment Holding Company Yas Holding has announced the launch of a new real estate division named ‘Taraf’, to bring a new standard of luxury, high-quality and uniquely crafted properties to residents and investors, in the UAE and beyond. As a...
Renting in UAE is easy and straightforward but you need to know the hidden costs. What not brokers tell you about when they take you for viewing are the extra fees you need to pay to be a tenant in the UAE. In this email, we will break down for you all that you need to know. Municipality fees for the Tawtheeq are only 50 dirhams, but there may be admin fees added on to this by the property...
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...
Crompton partners won at the 9th edition of the Property Finder Awards, the quality brokerage of the year award for Abu Dhabi. The Property finder Awards is an opportunity to shine the light on the success of those who worked tirelessly to build the real estate industry in the UAE, and participated into getting to where it is today. It recognizes those who ensure that trust is built among home seekers...
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...
High and rising inflation is forcing interest rates for loans to rise. Here is a survival guide to adapt and survive the emerging harsh realities Worryingly, experts do not expect the central bank rate hikes to be enough to bring down inflation. Across the world, it is expected to remain substantially higher than levels that existed before the outbreak of the global pandemic in 2020. High inflation...
