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...
In Abu Dhabi's fast-paced and competitive real estate market, how can developers ensure their projects stand out and achieve top sales? The answer lies in partnering with a brokerage that understands the complexities of the market and has a proven track record of success. Crompton Partners Estate Agents offers unparalleled expertise and a suite of services tailored to meet the needs of developers....
The Abu Dhabi Estate Centre (ADREC) has announced that the field of real estate has received outstanding levels of foreign direct investment (FDI) from 487 investors, who contributed approximately 1.81 billion dirhams ($482 million) during Q1 of 2024. Regulators at ADREC have stated that investors from India, Canada, Russia, China, Jordan, and the UK have noticeably invested more in the field compared...
In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at 2,795 Dubai – CBRE Middle East, the global leader in commercial real estate services and investments, released its latest edition of the UAE Residential Market Review for the first quarter of 2024. In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at...
Abu Dhabi residents, it’s time to let your pride shine through – our city has been named one of the top five global cities to work in. The UAE capital beat the likes of Berlin, Singapore and Barcelona to the top five according to the prestigious Boston Consulting Group. London topped the list for another year (it has retained the top spot since 2014), but the Middle East is gaining...
The latest outstanding outcomes that have been achieved by the property developer, Aldar in Abu Dhabi’s real estate market in UAE, emphasize the robustness and promising future that this real estate market will have, informs the CEO. Recently, the data collected by Abu Dhabi’s Aldar during the first quarter of 2024 has shown a rise in net profit of 1.6 Billion AED equals to around (436 million USD)...
Yas Canal residential project in Al Raha Beach gets approval from Crown Prince Abu Dhabi is set to build a new housing project worth AED 3.5 billion ($953 million) to deliver more than a thousand homes for UAE nationals. The launch of the Yas Canal residential project in Al Raha Beach, which will feature 1,146 villas, has been approved by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince...
It will be home to a new hotel, an arena and more… True Gamers has unveiled plans to develop the world’s first eSports Island in Abu Dhabi which includes a luxurious hotel (with a unique concept), high-tech venues for gaming tournaments, professional training facilities, content creation spaces, and more. True Gamers is the leading international network of eSports clubs, and the new...
Expect plenty of family-friendly activities… Can’t get enough of the beach? We have good news for you. Miral has just announced the development of two beaches at Yas Bay Waterfront on Yas Island further adding to the existing lifestyle and leisure activities on the popular island. The beaches will span a length of 280 meters each, adding a total of 560 meters worth of beachfront fun to Yas...
Abu Dhabi, UAE: The Abu Dhabi Real Estate Centre (ADREC) – the custodian and regulator of the Abu Dhabi’s world-class real estate sector – has signed a Memorandum of Understanding (‘MoU’) with two leading real estate portals, Bayut and Dubizzle and Property Finder, to enhance transparency, efficiency, and decision-making in Abu Dhabi's real estate sector. ADREC Acting...
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