Aldar Properties PJSC (Aldar), a prominent UAE-based real estate developer, investor, and asset manager, has announced plans to develop a Grade A office tower adjacent to the Dubai International Financial Centre (DIFC) on Sheikh Zayed Road. This landmark project will feature 88,000 square meters of net leasable area (NLA), including a luxury boutique hotel and branded residences, providing top-tier...
Official figures reveal that Abu Dhabi's non-oil sector reached unprecedented levels, contributing AED154.7 billion ($42.1 billion) to the GDP. According to the Statistics Centre – Abu Dhabi (SCAD), estimates show a 3.3 percent growth in Abu Dhabi's GDP during the first quarter of 2024, compared to the same period in 2023. This increase is credited to the strong performance of non-oil economic...
Finding a suitable home to rent in the city of Abu Dhabi can sometimes be challenging. Whether you are new to renting or have done it before, grasping rental agreements can save you from potential risks and ensure a hassle-free living experience. Let’s explore the key elements of rental agreements and what you, as a tenant, need to know. Understanding Lease Duration and Flexibility In Abu Dhabi,...
Navigating Abu Dhabi's rental market can be tricky for new employees. However, with the right strategies, businesses can ease this transition. This blog explores various housing allowances in Abu Dhabi, providing practical insights to help businesses select the best approach for their workforce. The Inventory Approach: In some companies, accommodation is pre-arranged before employees arrive in Abu...
In the heart of the Middle East, the United Arab Emirates has experienced dynamic growth in its real estate market. With the introduction of new company ownership and residency laws, the UAE has become a prime destination for international property investments. Despite this, many people still opt to rent, missing out on the financial benefits of homeownership. Take Sarah, for example. After renting an...
Abu Dhabi, the capital of the United Arab Emirates, is continuously striving for growth and becoming an attractive location for real estate investors. With its powerful economy, modern infrastructure, prime location, and high-quality lifestyle, the city offers various opportunities for those looking to invest in properties. Let’s explore five reasons why you should consider investing in this real estate...
The Abu Dhabi Estate Centre (ADREC) has announced that the field of real estate has received outstanding levels of foreign direct investment (FDI) from 487 investors, who contributed approximately 1.81 billion dirhams ($482 million) during Q1 of 2024. Regulators at ADREC have stated that investors from India, Canada, Russia, China, Jordan, and the UK have noticeably invested more in the field compared...
The bustling city of Abu Dhabi, the capital of the United Arab Emirates, shimmers with prosperity every day with its high skyscrapers, pristine beaches, and diverse culture. For investors and landlords, this dynamic city presents a desirable real estate market. However, deciding between long-term and short-term rentals involves intricate details, much like the pattern on a rug. Let’s uncover this aspect...
“The various global challenges encountered over time have put our resilience to the test. Nonetheless, our objective is to achieve a 7% economic growth rate in 2024.” The UAE aspires to expand its economy and increase its gross domestic product to AED 3 trillion by 2030. The country experienced an 8% growth in 2022. The minister anticipates that the economy will see a 5% growth in...
In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at 2,795 Dubai – CBRE Middle East, the global leader in commercial real estate services and investments, released its latest edition of the UAE Residential Market Review for the first quarter of 2024. In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at...
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