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...
In an era where sustainability is at the forefront of global consciousness, Abu Dhabi is actively embracing eco-friendly living practices within its real estate sector. As a tenant in this vibrant city, there are numerous opportunities to contribute to a greener environment through conscious choices in your rental lifestyle. In this guide, we'll explore green leasing practices in Abu Dhabi, offering...
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...
ABU DHABI, 28th December, 2023 (WAM) -- An economic report has highlighted the UAE topped Gulf Cooperation Council (GCC) countries, acquiring the highest share of the total value of real estate deals conducted during the first ten months of 2023, surpassing the expectations for the entire year of 2022. The report, issued today by Kamco Invest company indicated that the value of real estate deals in...
With an aim to establish a joint development project at Al Reem Island in Abu Dhabi Dubai, UAE: Deyaar Development PJSC ("Deyaar"), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), and Arady Properties – PSC, an Abu Dhabi-based real estate company, have signed a Memorandum of Understanding with an aim to establish a joint development...
Embarking on the journey of renting a property in Abu Dhabi comes with the need for a clear understanding of your rights as a tenant. Knowing your rights not only ensures a harmonious living experience but also empowers you to navigate any challenges that may arise during your tenancy. In this guide, we delve into the rights afforded to tenants in Abu Dhabi, providing valuable insights into the legal...
Aldar Properties PJSC (“Aldar”) has partnered with Yellow Door Energy, a leading sustainable energy organisation, to bring solar power to 45 properties across the UAE, supporting the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi’s 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was formalised on the sidelines of COP28, signed by Salwa Al Maflahi, Aldar’s...
The transaction values Abu Dhabi Commercial Properties at AED 591 million Abu Dhabi: 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 Plus”), a real estate subsidiary of EIH Ethmar International Holding PJSC...
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