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...
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...
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,...
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...
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...
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...
Crompton partners won at the 9th edition of the Property Finder Awards, the quality brokerage of the year award for Abu Dhabi. The Property finder Awards is an opportunity to shine the light on the success of those who worked tirelessly to build the real estate industry in the UAE, and participated into getting to where it is today. It recognizes those who ensure that trust is built among home seekers...
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...
The virtual world will launch in the first quarter of 2023 Abu Dhabi’s Yas Island is set to launch a metaverse in the first quarter of 2023, according to an Arabian Business source. The project will be led by real estate developer and investment firm Aldar Properties, the source said, adding that Yas Island’s new metaverse will allow users to buy property in the always-on virtual...
