Aldar received an improved score of 16.1 on Sustainalytics' ESG risk assessment scale in 2022. Image Courtesy: Aldar Properties Aldar’s 2022 MSCI’s ESG Rating upgraded to ‘BBB’ from ‘BB’ in 2021 S&P Dow Jones Sustainability Index saw Aldar score 60 points in 2022 compared to 58 points in 2021 Abu Dhabi, UAE – Aldar Properties (‘Aldar’) has witnessed a robust year on year...
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...
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...
Abu Dhabi real estate developer Imkan Properties, a subsidiary of Abu Dhabi Capital Group, will launch new projects ahead of schedule this year after reporting strong demand for its stunning portfolio of UAE projects. The upscale developments in AlJurf and Makers District will be announced after a remarkable sales performance contributed to the sell-out of Pixel, Nudra and the first phase of...
The contractor will commence enabling works in September ahead of the launch of the community’s second phase, marking a major milestone in the development of Bloom Living Staff Writer, TradeArabia August 24, 2022 UAEGCC COUNTRIESCONSTRUCTIONREAL ESTATE UAE - Leading real estate development company, Bloom Holding, has signed up Edra for Emirates as the first contractor for enabling works...
The index measured transparency in 156 cities in 94 countries Abu Dhabi’s real estate market has been recognised as one of the top global improvers in 2022 in the latest Global Real Estate Transparency Index (GRETI) by JLL International. The report, published by the world’s leading real estate advisory firm JLL, measured transparency in 156 cities in 94 countries. The index is an essential tool...
Likes of Aldar and Bloom have ramped up offplan releases amidst solid demand Published: July 22, 2022 10:39 Gulf News Report Yas and Saadiyat islands have been helped by a series of launches through the period. Aldar has had a couple of launches near the cultural landmarks.Image Credit: Reuters Dubai: Steady offplan launches and a deep well of demand were enough for Abu...
More than 4,180 apartments and villas were completed in the emirate, according to property consultancy ValuStrat The capital values of villas and apartments in Abu Dhabi rose to their highest level in five years in the fourth quarter of 2021, underpinned by a broader recovery in the UAE economy, according to property consultancy ValuStrat. The ValuStrat Price Index (VPI) for Abu...
Image Credit: Virendra Saklani Multiple entry tourist visa for all nationalities A new multiple entry tourist visa can now be issued for all nationalities, in a step that aims to facilitate the process for tourists and visitors. The five-year visa enables tourists to enter multiple times on self-sponsorship and remain in the country for 90 days on each visit, which can be extended for another 90...
THE LONG-DELAYED ABU DHABI MUSEUM BY FRANK GEHRY frank gehry’s guggenheim museum in abu dhabi has a new opening date: 2026. the news was revealed by the guggenheim’s director, richard armstrong, at a press conference in basel. ‘we think it should be five years from next week,’ the art newspaper reported, adding he will visit the middle east...
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