Business

Is the UAE the new global hotspot for the world's wealthy? With a booming economy and an unmatched lifestyle, it's no wonder this country has been crowned the world's leading millionaire magnet for three consecutive years. Let’s dive into what makes it a top choice for high-net-worth individuals. Impact of Wealth Migration on the UAE The influx of wealthy individuals has truly transformed the UAE....

Aldar Properties has brought to life its newest project, The Arthouse, an exclusive residential community inspired by private members' clubs globally. Designed to provide residents with spaces that foster inspiration, the development boasts rich architectural details and interiors crafted by the award-winning DiLeonardo, presenting itself as a "gallery for living" tailored for creative individuals and art...

Aldar Properties PJSC (Aldar), a prominent UAE-based real estate developer, investor, and asset manager, has announced plans to develop a Grade A office tower adjacent to the Dubai International Financial Centre (DIFC) on Sheikh Zayed Road. This landmark project will feature 88,000 square meters of net leasable area (NLA), including a luxury boutique hotel and branded residences, providing top-tier...

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....

Navigating Abu Dhabi's rental market can be tricky for new employees. However, with the right strategies, businesses can ease this transition. This blog explores various housing allowances in Abu Dhabi, providing practical insights to help businesses select the best approach for their workforce. The Inventory Approach: In some companies, accommodation is pre-arranged before employees arrive in Abu...

In the heart of the Middle East, the United Arab Emirates has experienced dynamic growth in its real estate market. With the introduction of new company ownership and residency laws, the UAE has become a prime destination for international property investments. Despite this, many people still opt to rent, missing out on the financial benefits of homeownership. Take Sarah, for example. After renting an...

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...

The bustling city of Abu Dhabi, the capital of the United Arab Emirates, shimmers with prosperity every day with its high skyscrapers, pristine beaches, and diverse culture. For investors and landlords, this dynamic city presents a desirable real estate market. However, deciding between long-term and short-term rentals involves intricate details, much like the pattern on a rug. Let’s uncover this aspect...

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...