Business

The UAE is expected to attract 4,500 new millionaires this year, according to a report by Henley & Partners, which tracks private wealth and investment migration trends worldwide. The Emirates was ranked second behind Australia, which is expected to attract the highest net inflow of high-net-worth individuals globally at 5,200, Henley & Partners said in the report,...

Investing in real estate is a popular choice for many individuals, and in Abu Dhabi, the market offers a unique opportunity through off-plan properties. Off-plan properties refer to properties that are purchased before they are completed, offering several advantages to investors. In this blog post, we will explore the benefits of buying off-plan properties in Abu Dhabi and why it can be a lucrative...

Aldar Properties announces launch of wellness-inspired property in Abu Dhabi Aldar Properties has announced the launch of the second building at The Source, a residential community offering wellness-inspired living in the heart of Saadiyat Island in Abu Dhabi. The Source II follows on from the sell-out of the first building at The Source, a community specifically designed with residents’...

UAE Ministry of Finance issues cabinet decision on corporate tax rules for real estate investment The UAE has issued rules on whether income from real estate investments is subject to corporate tax in the country. The Ministry of Finance announced the rules in a cabinet decision, which clarifies rules on property across the United Arab Emirates. It outlines whether foreign companies and...

Abu Dhabi, the vibrant capital of the United Arab Emirates, is known for its remarkable real estate developments. Among them, Saadiyat Lagoons has emerged as a haven of tranquillity and an attractive investment opportunity. Nestled on Saadiyat Island, this visionary project combines stunning natural surroundings with modern living, creating a unique destination that appeals to both residents and...

A growing trend is emerging among Dubai residents as they increasingly opt for bank mortgages to purchase properties. Escalating rental costs, which have sometimes outpaced mortgage repayments, have been the primary driving factor behind this shift. Despite rising interest rates, the surge in rental rates has been even more pronounced, prompting long-term planners to consider purchasing properties through...

Introduction: When it comes to purchasing a property, the decision between buying a ready-made villa or buying a plot and building your villa can be a crucial one. While both options have their merits, this blog post aims to highlight the advantages of building your villa on a plot, offering you a unique and tailored living experience. Unparalleled Customization: Building your villa provides you...

The residential property market in Abu Dhabi's freehold areas experienced growth of 1.2 percent in Q1 2023, pushing average prices to Dh964 per square foot (psf), according to the latest Abu Dhabi Residential Market Review by global property consultancy Knight Frank. Conversely, villa values showed moderation after six consecutive months of growth, resulting in an annual rate of change of 1.2 percent. The...

Abu Dhabi is booming with record GDP growth as non-oil contributes 50 per cent The Abu Dhabi economy is the fastest growing in the Middle East and North Africa, with a remarkable 9.3 per cent growth last year. Non-oil sectors contributed 50 per cent of GDP last year, with real estate, healthcare and real estate all contributing to significant growth. The Statistics Centre – Abu...

The key development will feature 899 residential villas as well as other key amenities Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land...