Business

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...

Abu Dhabi, the capital city of the United Arab Emirates, is known for its impressive skyline and stunning architecture. As the city continues to grow and evolve, so does its real estate landscape. In this blog post, we will explore some of the exciting upcoming real estate projects in Abu Dhabi that are set to reshape the city's skyline and offer new opportunities for investors and residents alike. 1....

This process is your go-to resource for navigating the intricate world of property rentals in this dynamic emirate. Whether you're a first-time tenant or a seasoned resident, this guide provides valuable insights and step-by-step information to help you successfully find, secure, and settle into your ideal rental property in Abu Dhabi. From understanding the diverse rental market to signing a lease and...

Net income in the three months to the end of September rose to $245 million amid record sales Aldar Properties, Abu Dhabi’s biggest listed developer, reported a 48 per cent increase in third-quarter profit as revenue increased, driven by record development sales and strong contributions from its recurring income portfolio. Net profit for the three months to the end of September rose to about...

Abu Dhabi, United Arab Emirates: Bloom Holding, one of the UAE’s foremost real estate development companies, has won two Arabian Property Awards for its fully integrated and all-inclusive project in Abu Dhabi, Bloom Living. The master-planned community received awards for ‘Best Mixed-use Development’ and ‘Best Residential Development’. Each of the two awards categories welcomed hundreds of...

Being a landlord can be a rewarding experience, but it also comes with its fair share of challenges. One such challenge is the process of evicting a tenant when the need arises. Eviction is a delicate and legally regulated matter in Abu Dhabi, and it's essential to understand the process to ensure a smooth and lawful resolution. In this blog, we will provide a comprehensive guide on how to evict a tenant...

Abu Dhabi, the thriving capital of the United Arab Emirates, is witnessing a burgeoning demand for apartment living. Within this dynamic landscape, there's a noteworthy distinction between serviced apartments and traditional apartments. In this article, we'll delve into the rising demand for apartments in Abu Dhabi and provide a comparative analysis of serviced and traditional apartment options. The...

The Authority has made significant efforts in recent years to enhance its investment flexibility and adaptability to changing market conditions. Abu Dhabi Investment Authority (ADIA) has issued its annual report for the year 2022, which summarises the Authority's achievements and actions during the past year. H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA, said that the Authority...

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...

The collaboration with Aldar Properties will result in the development of three branded residential buildings, known as Nikki Beach Residences at Ras Al Khaimah Aldar Properties, a prominent real estate developer in Abu Dhabi, has announced a new partnership with Nikki Beach Global, a renowned luxury lifestyle hospitality company, to create a new beachfront residential community on Al Marjan Island in...