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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...

Aldar, IHC and Adnec team up to create property and facilities management giant Aldar, IHC and Adnec are set to team up to form a new property and facilities management giant with a portfolio of 135,000 properties in the region. Eltizam Asset Management Group, which is jointly owned by IHC and ADNEC Group, will merge with Aldar Estates. Aldar will hold a majority stake and retain control of...

RAK Properties plans to launch four new residential projects and a hotel project in Ras Al Khaimah this year and aims to surpass last year’s profitability on the back of higher sales, its chief executive has said. The value of the projects will be “in the billions of dirhams”, Sameh Al Muhtadi told The National in an interview. The new projects consisting of branded...

When it comes to real estate projects, having access to accurate and up-to-date information is crucial for both buyers and sellers. Dari, the Digital Real-Estate Ecosystem, has emerged as a comprehensive platform that provides valuable insights into projects, including essential details about escrow accounts and service charges. In this blog, we will explore how Dari serves as a reliable source of project...

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...