Developers say the problem is too many people looking for properties in the same areas. Dubai's population boom, paired with an influx of European property investors, is driving a housing shortage and a rise in rents, real estate experts have said. The city’s popularity has led to new properties selling out almost immediately, while soaring costs mean many current tenants and owners...
The total support provided by the scheme for the first group of 65 Emirati families amounts to $8.71mln UAE - Authorities in Dubai have launched a social initiative to support citizens with limited income who have received housing grants, but require additional funds for the construction or completion and furnishing of their homes. The ‘Bayti’ initiative aims to support and assist beneficiaries...
(MENAFN- Mid-East.Info) Abu Dhabi, UAE: Q Properties – a leading UAE real estate developer and a subsidiary of Q Holding – has unveiled a collection of stylish new luxury apartments in Reem Hills, located in the heart of the capital and the only gated community on Al Reem Island. The new collection has been created for value-seeking buyers wanting an attractive, contemporary home in a desirable...
While work begins on constructing private mansions, the company will be working to landscape the project’s public spaces and complete the construction of villas in time to meet the next tranche of property handovers scheduled for September 2023 UAE - Leading UAE developers Jubail Island Investment Company and Lead Development today (March 12) celebrated the official handover of the title deed of the...
New phase boasts five clusters of luxury residential units Q Properties, a unit of UAE-based investment group Q Holding, has has announced that all available homes in its recently-launched phase of Reem Hills, an AED8 billion ($2.2 billion) gated community on Abu Dhabi's Al Reem Island, have been sold out. The new phase offers 593 residential units in all, including villas, twin villas and...
Abu Dhabi has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil The growth of Abu Dhabi's Gross Domestic Product (GDP) reached 10.5 per cent in the first nine months of 2022, the highest in the Mena region, compared to the same period of 2021, according to Statistics Centre - Abu Dhabi (SCAD). Through the provision of an enabling knowledge-based...
Les Vagues residences by Elie Saab. Applying technology creatively to real estate investing in the UAE can help the sector scale new heights. (Supplied) While the global paradigm shift to digital is evident, UAE and the region in their quest for economic diversification have set their pace for digitalization on overdrive on the back of concerted government efforts to bring in strategic digital...
The company will look at bond issuance opportunities as it continues with its acquisition plans, its chief financial and sustainability officer says Aldar Properties, Abu Dhabi’s biggest listed developer, reported a 27 per cent surge in its full-year profit as revenue increased on the back of strong growth in property sales. Net profit attributable to owners of the company for...
Aldhay was completed six months ahead of its scheduled handover date Leading UAE real estate developer Bloom Holding has announced that it has begun the handover of its 181-unit residential project Aldhay - the fifth phase of the gated community project Bloom Gardens - located on the Eastern Mangrove Corniche in Abu Dhabi. Aldhay was completed six months ahead of its scheduled handover date, which...
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,...
