About 70 per cent of all buyers were under the age of 45, highlighting Gardenia Bay’s sustainability appeal to a younger generation. Aldar Properties, Abu Dhabi’s biggest listed developer, has said it sold out three buildings within 24 hours in the first phase of its latest sustainability-focused Gardenia Bay project in the emirate. About 23 per cent of sales were completed by...
August 2023 recorded transactions worth AED 33.7 billion, representing a 43% hike in value over the same month last year The month witnessed 11,818 transactions, marking a 25% increase in volume compared to 9,450 transactions in August 2022 Existing properties sales saw a 10% YoY rise in value at AED 17 billion The value of off-plan property transactions doubles YoY to AED 17...
Aldar Properties announces 210 studios, one-, two- and three-bedroom apartments in the first phase of the development Abu Dhabi’s Aldar Properties launched Gardenia Bay, a residential community inspired by nature and waterfront living in Yas Island. In the first phase, 210 of the community’s 2,434 modern homes, including studios, one-, two-, and three-bedroom apartments, will be...
Rent prices for budget apartments and villas in Abu Dhabi rose since January 2023, new Bayut report finds Abu Dhabi’s real estate market is at “one of its best stages ever,” Bayut’s CEO said, attributing the UAE capital’s market boom to an increase in investment activity by high net-worth individuals (HNWIs). “The much-discussed millionaire migration is a very real factor, with HNWIs...
Abu Dhabi is looking to consolidate key real estate assets under a single entity, establishing a Dh44 billion ($12 billion) property giant, in a move to support the emirate’s economic transformation efforts. Under the proposed deal, Abu Dhabi’s investment and holding company ADQ and a unit of local conglomerate International Holding Company have submitted an offer to combine...
Abu Dhabi, UAE – Bayut, the UAE's leading property portal, has rolled out its Abu Dhabi real estate market reports for H1 2023. According to the data observed on Bayut, the sales prices of apartments and villas in the affordable category have become increasingly competitive, while prices for luxury properties have witnessed a decline. Conversely, the rental prices for budget apartments and villas...
Investing in property can be a lucrative venture, but timing is crucial. If you're considering investing in the real estate market in Abu Dhabi, it's natural to wonder whether the current conditions are favorable. We will delve into the factors that can influence your decision and help you evaluate whether it is a good time to invest in property in Abu Dhabi. Economic Stability: Abu Dhabi, the capital...
Abu Dhabi: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has launched Balghaiylam, a new residential development located north-east of Yas Island, which is being developed by Aldar. The Dh8 billion project, to be completed by 2026, will offer 1,743 ready-built homes to citizens who have received housing loans from the Abu Dhabi...
The preference was attributed to factors such as government initiatives, dynamic society and ambitious infrastructure projects Abu Dhabi was recognised as an excellent place to live by industry expert, Carlos Wakim, CEO of Bloom Holding. The attractiveness of the capital as a residential hub was attributed to several initiatives including Golden Visa, freelance visas, ambitious infrastructure...
The UAE economy’s strength and recovery from the aftermath of the Covid-19 pandemic are evident in the positive projections made by international institutions and banks including the International Monetary Fund (IMF) and World Bank. “The UAE is poised for positive economic growth as it is projected to achieve a 3.6 per cent increase in its gross domestic product this year, driven by...
