Abu Dhabi's real GDP growth accelerated to 9.3% in 2022 but is expected to be broadly flat in 2023 due to the OPEC+ agreement to cut oil production, S&P Global Ratings said in a new report. "We estimate economic growth will be broadly flat in 2023, with nonhydrocarbon sector growth of about 4%, partly due to tighter monetary policy conditions," Trevor Cullinan and other analysts said in the...
When it comes to selling your home, maximizing its value is a top priority. To ensure you get the best possible price, it's essential to implement effective selling strategies. In this blog post, we will explore some tried and tested techniques that can help you increase the value of your home and attract potential buyers. Enhance Curb Appeal: First impressions matter, and the exterior of your home...
Are you on the hunt for the perfect rental home in Abu Dhabi? Look no further! Let us introduce you to the incredible benefits of renting with us. Extensive Property Portfolio: Crompton Partners has an extensive selection of residential properties in Abu Dhabi, catering to various preferences and budgets. Whether you're seeking a cozy apartment, a luxurious villa, or a modern townhouse, we have...
Abu Dhabi is booming with record GDP growth as non-oil contributes 50 per cent The Abu Dhabi economy is the fastest growing in the Middle East and North Africa, with a remarkable 9.3 per cent growth last year. Non-oil sectors contributed 50 per cent of GDP last year, with real estate, healthcare and real estate all contributing to significant growth. The Statistics Centre – Abu...
UAE Cabinet resolution expands ADGM’s jurisdiction to Al Reem island in addition to its current jurisdiction in Al Maryah island creating one of the largest concentrated Financial Districts in the world with a combined geographic area of 1438 hectares (~14377774.9 sqm). The expansion of ADGM’s jurisdiction stands as a testament to it being the fastest-growing IFC in the region, in addition to its...
ABU DHABI, 3rd May, 2023 (WAM) - The real estate sector in Abu Dhabi has continued its growth trajectory in the first quarter of this year, with 5,472 property sales and mortgages recorded worth AED 27.9 billion, compared to 3,304 transactions worth AED 11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT). The value of...
Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land for commercial and community facilities. The expansion of Al Falah is the latest phase...
Strong trade partnerships, event calendar & diverse experiences drive hotel occupancy over 70 percent in 2022 Abu Dhabi, UAE – Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced new performance targets for Abu Dhabi, which include plans to attract more than 24 million visitors to the emirate by the end of 2023. His Excellency...
The key development will feature 899 residential villas as well as other key amenities Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land...
Property sales in Abu Dhabi and Dubai surged in the first quarter of this year compared with the same period a year ago as the UAE’s property market continues to rebound strongly from the coronavirus pandemic. Abu Dhabi’s total sales transactions value for the three months to the end of March surged more than three times to Dh11.6 billion ($3.15 billion) compared to Dh3.6 billion for the same...
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