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UAE Real Estate News

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...

Aldar Unveils 1,050-Unit Freehold Luxury Property in Abu Dhabi

630 of the development's 1,050 units will be available for purchase during the first phase of the launch UAE-based Aldar Properties has announced the launch of Reeman Living, a freehold residential development in the Al Shamkha neighborhood of Abu Dhabi, that offers bespoke design elements and colour palettes, efficient storage spaces, and an adaptable environment. Open to buyers of all...

UAE Has World’s Best Expats Lifestyle, According to Latest Survey

Where in the world is the best place to live as expats? According to a recent HSBC survey, the answer is the United Arab Emirates, which offers the best lifestyle to expatriates. The results were chosen based on factors, such as quality of life, personal finances and ease of settling in. The survey shed light on why people decide to move abroad and what problems they face when they...

UAE: ‘Credit Passports’ Make It Easy For New Expats In UAE

New expatriates in the UAE can avail of quick and easy loans and other financial services, thanks to an initiative being billed as a 'credit passport'. The initiative will enable newcomers to leverage their home country's credit history when applying for financial services upon arrival to the UAE. The move is also expected to give a fillip to the retail banking sector. Al Etihad Credit Bureau (AECB)...

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...

UAE’s Abrahamic Family House to Open on March 1

St Francis Church is one of three places of worship at the multi-faith centre The UAE's Abrahamic Family House will open to the public on March 1. Entry to the multi-faith place of worship, which houses a mosque, synagogue and church, will be free of charge, but bookings must be made in advance. The attraction's official website states that booking will be available online...

Abu Dhabi Office Rents Are Rising Amid Higher Employment, Growing Economy

Supply remains limited in UAE capital, while occupancy levels in prime buildings hover at 95%  Abu Dhabi’s strong economic rebound and expansion in employment levels are pushing office rents upwards in the UAE capital, according to a new report.  Leasing rates for office space in three out of the six prime submarkets in the UAE capital registered increases of 3.5% to 12% during 2022, Knight...

Emaar’s Mohamed Alabbar Announces $3.5bn island Project Off Abu Dhabi Coast

Arabian Business has revealed that Mohamed Alabbar, the Emaar founder and Americana chairman, will launch a new island project called Ramhan Island off the coast of Abu Dhabi. The project will include 1,800 beach villas, 1,000 branded residences, a hotel, and a marina, and will be developed by his privately owned Eagle Hills development company. Alabbar described the island as “natural, raw,...

Abu Dhabi Property Market on Solid Growth Track Due to Huge Demands

Gulf Today, Staff Reporter Bayut, the UAE’s leading property portal, has released its Abu Dhabi property market reports for 2022. The data collected by Bayut revealed that sales prices of both affordable and luxury apartments for sale in the capital have continued to rise. When it comes to more spacious, private villas, luxury homes have become more expensive while affordable villas have become...

Abu Dhabi ranked as world’s safest city for the sixth consecutive time

Literally living our best life… Global statistic database, Numbeo has published the result of its 2023 survey into the quality of life in various parts of the globe. The survey establishes an overall value for ‘quality of life’ based on a number of qualifying factors, aspects of life that contribute to an overall sense that ‘you know what, this place is actually pretty...

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