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...
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 reduced service and community charges by 6 per cent last year for owners and investors in jointly owned properties, according to Abu Dhabi Real Estate Centre (Adrec). A total fee reduction of Dh39.7 million ($10.81 million) incentivised real estate buyers in the emirate, the Abu Dhabi Media Office reported on Wednesday, citing Adrec, a part of the Department of Municipalities and...
Abu Dhabi , January 13 (ANI/WAM): Real estate transactions in the Emirate of Abu Dhabi amounted to approximately AED 1.9 billion in the first two weeks of 2024, comprising 348 transactions of sales and mortgages on various types of real estate units. According to the "DARI" platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, the value of real estate mortgages in the...
DARI’s vision aims to revolutionise the digital landscape of Abu Dhabi's real estate sector, aligning with the UAE’s vision to foster growth, competition and continued long-term success. Abu Dhabi: etisalat by e& today announced its partnership with Advanced Real Estate Services (ADRES) to enhance its products including DARI, Abu Dhabi's comprehensive digital real estate ecosystem,...
Aldar Properties, a leading real estate developer, investor, and asset manager in the UAE, will invest a further AED1 billion ($272.27 million) to expand its logistics real estate business in Dubai and Abu Dhabi. Having first entered the logistics sector with the majority acquisition of Abu Dhabi Business Hub (ADBH) in 2022, this new investment includes the acquisition of operational assets as...
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 is a real estate subsidiary of EIH Ethmar International Holding PJSC (EIH). The transaction values ADCP at AED591 million ($161 million) and the bank will register a gain of approximately AED490...
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...
The Department of Municipalities and Transport (DMT) has officially launched the Abu Dhabi Real Estate Centre (ADREC), which aims to accelerate growth across the real estate ecosystem in the emirate. The new centre will unify and strengthen the real estate sector in Abu Dhabi through a comprehensive regulatory framework to further enhance the efficiency of real estate and strengthen...
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