The UAE real estate sector continues to grow with off-plan property sales hitting AED12.1bn Dubai’s real estate sector continues to grow with off-plan property sales hitting AED12.1bn ($3.3bn) in the first month of the year, according to ZāZEN Properties. According to a statement from the sustainable property developer, more than 9,800 sales transactions were registered in January. This...
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...
We’re living in mega times… In the past few years we’ve seen some huge new leisure projects launch in Abu Dhabi, we’re looking at the WB hotel; The Yas Bay Waterfront; The National Aquarium and other alluring attractions within Al Qana; Mamsha Al Saadiyat has proliferated into a thrilling little foodie district; and The Al Wathba Fossil Dune Protected Area headlines our pick of the...
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...
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...
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...
Julphar Residence features a total of 266 apartments with a mix of studios, one- and two-bedroom units as well as a limited number of large three-bedroom apartments Rak Properties, the largest publicly-listed property developer in Ras Al Khaimah, has announced the launch of its latest residential project, Julphar Residence on Reem Island, Abu Dhabi. Julphar Residence features a total of 266...
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...
2022 saw the return of the off-plan sale to Abu Dhabi. Several projects were launched, particularly on Saadiyat and even Yas Islands and by several developers, with old stalwarts like Aldar and Bloom leading the way against new upstarts like Q Holding and Baraka. A few of these schemes sold out on launch, but most did sell out quickly. It seems off-plan is popular again but is it worth investing in? So...
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