Business

Despite an increase in cost of living in the past couple of years, Abu Dhabi, Dubai, and Sharjah have been deemed more affordable than other major cities in Asia, Europe and the US, according to data released by Numbeo, a global data provider on economic, social and safety areas. The cost of living in the three emirates ranks much lower than that of Zurich, Geneva, New York, Los Angeles, Oslo,...

Bayut identifies key property trends in Abu Dhabi in 2023, with data on best return on investment for apartments and villas across the city Abu Dhabi real estate investors saw returns of more than 8 per cent on selected properties in the city last year, according to data from the Bayut Annual Sales Report for Abu Dhabi in 2023. Property specialists Bayut released its Abu Dhabi annual...

Sama Yas is a luxury park living experience, featuring a collection of 234 apartments, duplexes, and penthouses. Culinary mastermind Chef Izu will curate an exclusive dining experience within the community and inspire the kitchen designs in each home. Set within Yas Park, the sophisticated residential community will offer stunning views and easy access to Yas Island, wider Abu Dhabi, 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...

The evolution of technology has transformed the way we approach various aspects of life, including the exploration of real estate. In Abu Dhabi, the emergence of virtual tours has revolutionized the property search process, allowing prospective tenants to view and experience potential homes from the comfort of their own couch. In this guide, we'll delve into the world of virtual tours, highlighting the...

Increased transactions, greater returns, spike in ownership, off-plan investments, new projects on the rise; 2023 wraps up with big wins for Dubai and Abu Dhabi’s property sector United Arab Emirates: Property Finder, the leading property portal in the MENA region, has reported substantial progress in Dubai and Abu Dhabi's real estate sectors for 2023. Significant achievements in 2023 include...

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...

Transforming your Abu Dhabi rental into a personalized haven is an exciting endeavor that allows you to infuse your style and personality into your living space. While renting may come with certain restrictions, there are numerous creative and temporary ways to make your home uniquely yours. In this guide, we'll explore tips and ideas for decorating your Abu Dhabi rental, adding a touch of warmth and...

The UAE is renowned across the globe for its megaprojects. These are defined by the Project Management Institute as large-scale, complex ventures that typically cost more than $1 billion and take many years to build. They include mixed-use developments as well as infrastructure projects aimed at supporting urban planning. Every year, new megaprojects are launched in the UAE as ongoing ones...