Article 20(3) of the 2006 Tenancy Law States that “In the event that either party does not wish to renew the lease, or wishes to amend the conditions of the lease, that party shall notify the other party in writing two months prior to the date of the lease’s expiry, for residential property”. The notice period for commercial is two months. So, it should be noted that leases in Abu Dhabi are...
Article 20(3) of the 2006 Tenancy Law States that “In the event that either party does not wish to renew the lease, or wishes to amend the conditions of the lease, that party shall notify the other party in writing two months prior to the date of the lease’s expiry, for residential property”. The notice period for commercial is two months. So, it should be noted that leases in Abu Dhabi are...
Have you been thinking about investing in the real estate market? This is your chance to invest in the newest project by Aldar in Saadiyat Island. Don’t miss out on an amazing Opportunity, Own a property with only 5% Down Payment Aldar's latest project will be surrounded by some of the city’s cultural landmarks – the Zayed National Museum, the Louvre Abu Dhabi, and the Guggenheim Abu...
Your “home country” Will does not cover your Abu Dhabi property. Abu Dhabi property was specifically excluded by Federal Decree number 29 and 30 of 2020 from the new laws on recognition of “foreign” wills. So how can you stop UAE law applying to the inheritance of your UAE home? The answer is simple, get your “home country” Will registered by the Abu Dhabi Courts. In 2018, the Abu Dhabi...
You can obtain a ten-year Golden Visa upon buying a property (built or Off-Plan property) with a value of no less than AED 2 million, and visas can also be issued to the holder’s spouse and children. FAQs Can I get a visa if I have an off-plan property? Yes you can, if it is paid up to AED2mWhat are the costs to get the Golden Visa? About AED2,500 but you will also need health insurance for all...
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...
Abu Dhabi homebuyers are not only the people planning to live there but also those considering villas investment in Abu Dhabi. An increasing number of foreign investors purchase homes to rent them out. Prices for villas in Abu Dhabi are competitive compared with similar properties in major cities in Europe and the United States. Why buyers prefer homes in Abu Dhabi? In the United Arab Emirates,...
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...
The UAE recently unveiled new visa schemes for expats. Picture for illustrative purposes only. Image Credit: Gulf News Dubai: With the recently announced UAE residency rules creating a buzz, here is an explainer on everything that we know so far about the new visa schemes offered by the country. What is a Green Visa? Green Visa is the latest category of resident visa announced by the UAE....
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