“The various global challenges encountered over time have put our resilience to the test. Nonetheless, our objective is to achieve a 7% economic growth rate in 2024.” The UAE aspires to expand its economy and increase its gross domestic product to AED 3 trillion by 2030. The country experienced an 8% growth in 2022. The minister anticipates that the economy will see a 5% growth in...
Abu Dhabi, with its dynamic blend of modernity and tradition, offers a diverse range of neighbourhoods that cater to the varying tastes and preferences of its residents. Whether you're a young professional seeking a vibrant city life or a family looking for a tranquil suburban setting, Abu Dhabi has it all. In this guide, we'll highlight some of the trendiest neighbourhoods for renters, each with its...
The Dubai real estate market has continued to significantly outperform many of its worldwide peers Abu Dhabi: – The Q2 2023 report by Asteco, the UAE’s leading full-service Real Estate company, revealed remarkable trends in the real estate markets of Abu Dhabi and Dubai. Both Emirates demonstrated great resilience in the face of rising interest rates and inflation. The Dubai real estate market has...
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...
Jason Momoa is Yas Island Abu Dhabi’s newest chief island officer. The Hollywood star assumes the role after comedian Kevin Hart announced he was stepping down earlier this year. Hart first took on the role in May last year. “We are pleased to appoint Hollywood sensation Jason Momoa as the new chief island officer for Yas Island Abu Dhabi,” said Liam Findlay, chief executive of...
Currently in Abu Dhabi and in large parts of Dubai the Owners Associations are not run by the owners. They are run by the Developers. This has created such amazing stories as the developer selling property on the basis of a private beach, then making it public and charging, of them stopping Airbnb type arrangements except through the developer, of forcing owners to use the developer’s real estate...
When talking about living in the UAE, Dubai always dominates the conversation; for logical reasons. But people are missing out on a hidden gem with so much to offer, the capital. There are many reasons to buy property in Abu Dhabi, one of the most cosmopolitan and rapidly growing cities in the world. Here are just a few of the benefits of moving to Abu Dhabi: A Welcoming Community Living...
Located in Abu Dhabi Global Market (ADGM) on Al Maryah Island, the commercial office will have a total net leasable area of 63,000 square metres Two of Abu Dhabi’s most prominent firms have entered into a partnership to develop commercial assets. Mubadala and Aldar have signed heads of terms to develop an office tower on Al Maryah Island within the international financial centre and freezone Abu...
Marsa Al Jubail will offer 36 luxury villas in a private marina community on the island Abu Dhabi’s Jubail Island has unveiled a brand new secluded waterfront villa community. Marsa Al Jubail – announced by LEAD Development, on Wednesday, is a high-end marina villa community with 36 houses among the mangrove forests. Located in Marfaa Al Jubail village, the community features a...
The apartments and penthouses launched by Aldar will be dedicated to holistic health and well-being. Aldar has announced the launch of the first-of-its-kind holistic health and well-being residential development in the UAE. ‘The Source’ is located in Saadiyat Grove. The development will feature 204 apartments and penthouses, designed with holistic health and well-being at its core. Residents...
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