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...
The development will become one of the first branded residence for the world-renowned Nobu hospitality brand in the Middle East Located on Mamsha Al Saadiyat, Saadiyat Island, Abu Dhabi, the Nobu Residences will offer 88 spacious apartments, providing a one-of-a-kind opportunity to live in a home that harmoniously blends Nobu’s Japanese design and hospitality with modern luxuries to showcase a...
In an exclusive excerpt from his upcoming shareholder letter, Warren Buffett looks back at a pair of real estate purchases and the lessons they offer for equity investors. The author visiting (for just the second time) the 400 acre farm near Tekamah, Neb that he bought in 1966 for $280,000.00 Investment is most intelligent when it is most businesslike." - Benjamin Graham, The intelligent...
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...
A unified Sale and Purchase Agreement for off-plan property has been introduced by the Department of Municipalities and Transport (DMT), the authority which regulates real estate in Abu Dhabi. These changes have been designed to enhance the clarity, transparency, and efficiency of off-plan real estate transactions in the Emirate. The New DMT Sale and Purchase Agreement has arisen from extensive...
Abu Dhabi – The Q3 2023 real estate report by Asteco, the UAE’s leading full service Real Estate company, highlights that Abu Dhabi's residential sales market is poised for an anticipated growth in the coming months, while Dubai’s real estate landscape remains marked by an ongoing momentum, defined by a continuous stream of new project launches. This growth is attributed by increasing housing...
Abu Dhabi Commercial Bank, the UAE’s third-largest lender by assets, said it has received a binding offer for a majority stake acquisition in Abu Dhabi Commercial Properties (ADCP), the lender’s wholly owned property management services subsidiary. The bank has received the offer from Nine Yards Plus Holding, a subsidiary of Abu Dhabi-based Ethmar International Holding (EIH), the company...
