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,...
As an industry insider, I believe young people are actively shaping and influencing every aspect of leadership as well as business transformation across industries, and property is no exception. Millennials and Gen Z are out there with more access to information than their parents ever had. Thanks to digital technologies, they have greater control over choices, which makes them...
Rent prices for budget apartments and villas in Abu Dhabi rose since January 2023, new Bayut report finds Abu Dhabi’s real estate market is at “one of its best stages ever,” Bayut’s CEO said, attributing the UAE capital’s market boom to an increase in investment activity by high net-worth individuals (HNWIs). “The much-discussed millionaire migration is a very real factor, with HNWIs...
Average prices remain 25% cheaper than the 2014 peak and values have remained relatively unchanged for three-and-a-half years now, Knight Frank said Residential values across Abu Dhabi's freehold areas experienced 1.6% growth in Q2, and rents in general continue to reduce, according to global real estate consultancy Knight Frank. The total value of transactions during Q2 across Abu Dhabi rose to AED...
Record development sales and recurring income portfolio delivers 21% increase in revenue to $870 million Driven by record sales and strong contributions from its recurring income portfolio, Aldar Properties reported a 52 percent increase in net profit to AED1.3 billion ($350 million) in the second quarter of 2023. Revenues increased nearly 21 percent on an annual basis to about AED3.2...
Dubai-based businessman Najam-us-Saqib bought a studio apartment in one of the affordable areas on the outskirts of Dubai. He has rented it out and now he is staying in the Al Qusais area in a rented apartment. He has opted for this choice because his children’s schools and his office are nearby. Najam is among thousands of residents who turned tenants into owners, saving not only thousands of...
Abu Dhabi is looking to consolidate key real estate assets under a single entity, establishing a Dh44 billion ($12 billion) property giant, in a move to support the emirate’s economic transformation efforts. Under the proposed deal, Abu Dhabi’s investment and holding company ADQ and a unit of local conglomerate International Holding Company have submitted an offer to combine...
Leasing Activities through the portal & application Launched on the 13th of October 2018, TAMM application is a one-stop platform providing direct access to all Abu Dhabi Government services. Abu Dhabi citizens, residents, businesses and visitors can apply for services online, interact with their customer service and track the status of the application. The app provides direct access to a wide...
Abu Dhabi, UAE: Foreign direct investment (FDI) by individuals into Abu Dhabi’s property sector soared to Dh834.6 million during the first half of 2023, the Department of Municipalities and Transport (DMT) has announced. This remarkable figure represents an astounding increase of 363 percent compared to the same period in 2022, setting a new record. Dr Adeeb Al-Afifi, Executive Director of the...
Investing in property can be a lucrative venture, but timing is crucial. If you're considering investing in the real estate market in Abu Dhabi, it's natural to wonder whether the current conditions are favorable. We will delve into the factors that can influence your decision and help you evaluate whether it is a good time to invest in property in Abu Dhabi. Economic Stability: Abu Dhabi, the capital...
