On Tuesday, Abu Dhabi unveiled its first official rental index, developed by the Abu Dhabi Real Estate Centre (ADREC), the regulator of the capital's real estate sector. This platform, designed for tenants and landlords, aims to enhance market transparency, provide indicative rental values, and support the stability of Abu Dhabi's growing real estate market. It offers quarterly rental price estimates...
Did you know that in the first half of 2024, property transactions in Abu Dhabi soared to an impressive 36.2 billion AED? According to Crompton Partners’ report, this marks a significant uptick compared to the second half of 2023, driven by strategic government initiatives and a remarkable 225% surge in foreign investment. The real estate landscape here is evolving rapidly, offering lucrative...
Abu Dhabi is setting the bar sky-high as the safest city globally, boasting an impressive 88.2 on Numbeo’s safety index. But what does this mean for you as an investor? Key reasons why this city's unmatched safety can pave the way for your ultimate success: Stability Means Steady Returns Imagine investing in a market where crime is nearly nonexistent—Abu Dhabi's crime index is just 11.8!...
Ever wondered how a national lottery could shake up the UAE? Well, it’s happening right now! The Game LLC just got the country's first-ever lottery license, and it's a significant development! Backed by the General Commercial Gaming Regulatory Authority (GCGRA), this move is sparking excitement across all seven emirates. But here’s the key point: it’s not just about adding another entertainment...
Occupancy levels in several residential areas of Abu Dhabi are reaching unprecedented heights, with some properties, especially in the prime and luxury segments, maintaining waiting lists for prospective tenants. High-end developments, particularly those in waterfront locations like Al Raha Beach, Saadiyat, Yas, and Reem Islands, continue to be in high demand. Landlords in these regions are experiencing...
Is the UAE the new global hotspot for the world's wealthy? With a booming economy and an unmatched lifestyle, it's no wonder this country has been crowned the world's leading millionaire magnet for three consecutive years. Let’s dive into what makes it a top choice for high-net-worth individuals. Impact of Wealth Migration on the UAE The influx of wealthy individuals has truly transformed the UAE....
With off-plan sales in Abu Dhabi skyrocketing to an impressive 8.2 billion this year, more investors are eyeing this opportunity. But how do you ensure your investment is safe? Here’s everything you need to know. Why Off-Plan Properties Are Gaining Popularity Why are off-plan properties in Abu Dhabi grabbing so much attention right now? Let's break it down. By purchasing a property before it's...
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,...
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