ABU DHABI, 11th September, 2023 (WAM) -- Aldar Estates has announced the acquisition of FAB Properties, a UAE-based provider of property management services. The transaction will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its expanding platform in the UAE. The acquisition of FAB Properties follows the recent announcement of Aldar...
About 70 per cent of all buyers were under the age of 45, highlighting Gardenia Bay’s sustainability appeal to a younger generation. Aldar Properties, Abu Dhabi’s biggest listed developer, has said it sold out three buildings within 24 hours in the first phase of its latest sustainability-focused Gardenia Bay project in the emirate. About 23 per cent of sales were completed by...
August 2023 recorded transactions worth AED 33.7 billion, representing a 43% hike in value over the same month last year The month witnessed 11,818 transactions, marking a 25% increase in volume compared to 9,450 transactions in August 2022 Existing properties sales saw a 10% YoY rise in value at AED 17 billion The value of off-plan property transactions doubles YoY to AED 17...
DUBAI, United Arab Emirates (AP) — The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as “commercial gaming,” likely a sign that it is on the verge of allowing gambling as major casino operators flock to the Gulf Arab nation. The state-run WAM news agency carried an announcement late Sunday on the creation of the General Commercial...
Ministry of Interior urges homeowners to install detectors and subscribe to e-alert system before January 1 The deadline for homeowners to install smoke and fire detectors, and subscribe to the UAE e-alert system is January 1. Originally reported as September 1, the Ministry of Interior clarified that the initial cabinet order from September 2020 only took effect the following January when...
Holiday homes policy now includes farm stays, caravans and RVs Feel like you’ve been there, done that with all the hotels and resorts in Abu Dhabi? We have good news, as you’ll soon be able to stay at farmhouses across the emirate. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has updated its holiday homes policy to include farm stays, caravans, and RVs. Farm owners are...
Aldar Properties announces 210 studios, one-, two- and three-bedroom apartments in the first phase of the development Abu Dhabi’s Aldar Properties launched Gardenia Bay, a residential community inspired by nature and waterfront living in Yas Island. In the first phase, 210 of the community’s 2,434 modern homes, including studios, one-, two-, and three-bedroom apartments, will be...
Q Properties announces construction contract win for Reem Hills in Abu Dhabi Abu Dhabi’s Q Properties has announced the award of AED1.755bn ($478m) construction contract for Reem Hills Phase 1 villas to Trojan General Contracting. Trojan will be responsible for constructing the fully sold out 218 luxury villas ranging from four to seven-bedrooms and developing 3million sq ft of built-up...
UAE property market braces for record-breaking year as investor interest for mid-market and top-end real estate surges The growth of Abu Dhabi and Dubai’s residential property markets have surpassed expectations during the first half of the year, a spokesperson from real estate consultancy CBRE told Arabian Business. “We expected demand to actually slightly adjust compared to what was a very...
Over the past three years, through a period of global uncertainty, the UAE’s real estate market has remained buoyant. Low interest rates, an ample supply of homes and policies that encouraged long-term residency in the UAE meant more people were considering buying a home in the country. While Dubai continues to lead the domestic real estate market, Abu Dhabi,...
