1. What developers are the main players in the Abu Dhabi market? Aldar is the largest by far but you also have Bloom, Reportage, Q Properties and Siadah2. In which area can non-residents purchase property? Mainly on the Islands of Maryah, Reem, Saadiyat, Yas, Jubail, Raha Beach – but also in some inland communities such as Reef, Masdar and Ghadeer3. Does Aldar or other developers provide mortgage...
Situated at the heart of the capital, Reem Hills stands as the only gated community on Abu Dhabi's prestigious Al Reem Island, focusing on exclusivity and well-being Q Properties has awarded a construction contract worth AED584 million ($159 million) to Trojan General Contracting for work on Phase I of Reem Hills’ 302 townhouses and 110 twin villas– all of which are sold out. The elegantly...
Makani Real Estate, which is owned by Abu Dhabi Cooperative Society, is aiming to acquire and build new malls and community centres in Abu Dhabi and Al Ain as part of its expansion plans, its chief executive has said. The company currently owns malls and community centres worth Dh1.5 billion ($408 million) in Al Ain and Abu Dhabi. It is also building a new community centre with space for...
To attract investors in the real estate sector Abu Dhabi, UAE – Nine Yards, an Abu Dhabi-based real estate development partnership between EIH Ethmar International Holding and Al Nahda International Holding, has announced the signing of a strategic agreement with Abu Dhabi Residents Office (ADRO), a part of the Abu Dhabi Economic Development’s (ADDED), to boost the real estate investment...
The project proved hugely popular with buyers and investors this year for being currently the largest on the Abu Dhabi market in a highly desirable neighborhood at a competitive price point Abu Dhabi, UAE : Q Properties – a leading UAE real estate developer and subsidiary of Q Holding – has announced the third phase of its Reem Hills luxury spacious 1-, 2- and 3-bedroom apartments has sold out in...
This announcement follows the appointment of the main contractor for Bloom Living’s first phase, Cordoba, earlier this year Abu Dhabi – UAE: Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Emirates Link Maltauro L.L.C. as the main contractor to carry out the construction works for Toledo, phase two of its fully integrated and...
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...
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...
The value of real estate transactions in Abu Dhabi during Q1 2023 has increased by 147% compared to the same period last year, while the number of transactions rose by 67%. The real estate indicators released by the Department of Municipalities and Transport (DMT)showed that the sector has recorded 3,518 property sales worth AED16.2 billion ($4.41 billion), compared to 1,722 transactions worth AED4.4...
