Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has inaugurated Al Wathba housing project in the emirate. Spanning 875,000 square metres, the development provides 347 new homes for citizens and cost more than Dh1.1 billion. It includes 15 parks and four mosques with a capacity for 1,725 people, as well as allocated plots of land for commercial and community facilities. During the...
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...
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...
Dubai: The Abu Dhabi master-developer Aldar is bringing its considerable skills at creating mixed-use communities to Dubai, with the launch of ‘Haven by Aldar’ located in an area opposite Al Habtoor Polo Resort long the E611 stretch. Sales of the first lot of 462 upscale homes – out of an eventual 2,428 units – at Haven is set to start, with 3-bedroom townhouses starting Dh2.5 million 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...
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...
