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Real Estate

UAE: Bank Announces First-Ever Plot Finance as Demand for Land Ownership Increases

Offer is available to both residents and non-residents The Abu Dhabi Islamic Bank (ADIB) has announced the launch of its first-ever plot financing offering. The scheme enables customers to purchase a piece of land for purpose of investment or to fulfill their homeownership goals. The offer, available to both residents and non-residents, allows buyers to purchase property or make plot handover...

Artificial Intelligence, Web3, and ChatGPT are set to change GCC real estate

Artificial Intelligence, Web3, and ChatGPT will soon disrupt the real estate market in the GCC as Web3 technology-powered start-ups are entering the property market in a big way. Tripler.com is the brainchild of Sam Singh, a UK-based British-Indian serial entrepreneur. - Supplied photo© Provided by Khaleej Times The real estate market in the GCC has been running in a manual mode...

Service Fee Cut Drives Abu Dhabi’s Real Estate in 2022

6% reduction in service fee benefits the property owners and investors besides reducing the cost of owning a home in Abu Dhabi The UAE capital's real estate market recorded 19,033 transactions worth Dh77.6 billion in 2022. Experts say that the Abu Dhabi real estate thrived as the government policy actions benefit the sector and attract foreign investors towards the development projects. Referring...

Offplan Explodes in Abu Dhabi

A 49.9% increase! That is what off-plan sales grew by in 2022, according to CBRE – and 2023 looks to be even bigger. And it wasn’t the whole market that went up. Secondary transactions were up 25% in 2022, but prices increased only 4%. Off-plan was a rocket ship. So, what is happening, and who is doing it? Before 2022 only Aldar was launching off-plan projects with any regularity, selling out its...

All 593 Homes In Key Phase Of Reem Hills Sold Out In Abu Dhabi

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...


16 incredible mega projects coming to Abu Dhabi soon

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...

Bloom Starts Handover Of 181 Abu Dhabi Homes Ahead Of Schedule

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...

Abu Dhabi’s Aldar Buys Al Fahid Island, Plans $7bn Waterfront Development

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...

Abu Dhabi’s Yas Holding launches new real estate division, ‘Taraf’

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...

RAK Properties launches new residential project in Abu Dhabi

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...

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