Embarking on the journey of renting a property in Abu Dhabi comes with the need for a clear understanding of your rights as a tenant. Knowing your rights not only ensures a harmonious living experience but also empowers you to navigate any challenges that may arise during your tenancy. In this guide, we delve into the rights afforded to tenants in Abu Dhabi, providing valuable insights into the legal...
The transaction values Abu Dhabi Commercial Properties at AED 591 million Abu Dhabi: Abu Dhabi Commercial Bank (“ADCB”) has signed an agreement to divest 80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties (“ADCP”) to Nine Yards Plus Holding (“Nine Yards Plus”), a real estate subsidiary of EIH Ethmar International Holding PJSC...
Thousands of HNWIs have set up special-purpose vehicles in ADGM in recent years Thousands of high-net-worth individuals (HNWIs) have set up special-purpose vehicles (SPVs) in the Abu Dhabi Global Market (ADGM) in recent years, making the UAE capital the newest hub of billionaires looking to safeguard their assets, Bloomberg reported. Abu Dhabi’s financial centre now has more than 5,000 SPVs,...
Abu Dhabi: Abu Dhabi Airports announced today a deal between Abu Dhabi Airport Free Zone (ADAFZ) and Abu Dhabi based Grand Move, to develop a 35,000 square metre community mall in the new Al Falah district. The deal, sealed at the BIG5 construction event in Dubai, is structured as a Musataha agreement for a term of 29 years and carries an initial project investment of AED 65, 300,000. The Grand Move...
A new market research projected return on investments of up to 50% for some of the projects in Abu Dhabi’s upcoming and popular islands over the next three years, turning them among the most sought after residential real estate markets in the coming year Capital city Abu Dhabi and emerging tourist and gaming spot Ras Al Khaimah (RAK) are predicted to be the top destinations for real estate...
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has inaugurated Al Wathba housing project in the emirate. Spanning 875,000 square metres, the development provides 347 new homes for citizens and cost more than Dh1.1 billion. It includes 15 parks and four mosques with a capacity for 1,725 people, as well as allocated plots of land for commercial and community facilities. During the...
The development will become one of the first branded residence for the world-renowned Nobu hospitality brand in the Middle East Located on Mamsha Al Saadiyat, Saadiyat Island, Abu Dhabi, the Nobu Residences will offer 88 spacious apartments, providing a one-of-a-kind opportunity to live in a home that harmoniously blends Nobu’s Japanese design and hospitality with modern luxuries to showcase a...
Situated at the heart of the capital, Reem Hills stands as the only gated community on Abu Dhabi's prestigious Al Reem Island, focusing on exclusivity and well-being Q Properties has awarded a construction contract worth AED584 million ($159 million) to Trojan General Contracting for work on Phase I of Reem Hills’ 302 townhouses and 110 twin villas– all of which are sold out. The elegantly...
A unified Sale and Purchase Agreement for off-plan property has been introduced by the Department of Municipalities and Transport (DMT), the authority which regulates real estate in Abu Dhabi. These changes have been designed to enhance the clarity, transparency, and efficiency of off-plan real estate transactions in the Emirate. The New DMT Sale and Purchase Agreement has arisen from extensive...
Abu Dhabi – The Q3 2023 real estate report by Asteco, the UAE’s leading full service Real Estate company, highlights that Abu Dhabi's residential sales market is poised for an anticipated growth in the coming months, while Dubai’s real estate landscape remains marked by an ongoing momentum, defined by a continuous stream of new project launches. This growth is attributed by increasing housing...
