Abu Dhabi, UAE: The Abu Dhabi Real Estate Centre (ADREC) – the custodian and regulator of the Abu Dhabi’s world-class real estate sector – has signed a Memorandum of Understanding (‘MoU’) with two leading real estate portals, Bayut and Dubizzle and Property Finder, to enhance transparency, efficiency, and decision-making in Abu Dhabi's real estate sector. ADREC Acting...
Abu Dhabi’s Aldar Properties announces boutique real estate development in Saadiyat Island Abu Dhabi’s Aldar Properties announced on Wednesday the launch of Nouran Living, a boutique mid-rise residential address in Saadiyat Island’s Marina District, the latest residential and leisure destination that is being activated within the island’s masterplan. The construction of Nouran...
Deyaar Development is launching a Dh700 million ($191 million) project in Dubai and has plans to start its first scheme in Abu Dhabi in the second quarter, amid higher demand for property in the UAE. The new project in Jebel Ali, ranging from studios to three-bedroom flats, will be financed through debt and revenues from sales, Deyaar’s chief executive Saeed Al...
New assets will be delivered between 2025 and 2027 Aldar Properties will invest Dh5 billion to deliver new commercial, retail, and hospitality assets in key destinations of Abu Dhabi. The new assets, which will be held in the company’s investment portfolio, will be delivered in a phased manner between 2025 and 2027. Through these projects, the Abu Dhabi-headquartered real estate firm seeks to...
Group chief investment officer at Emirates NBD Group speaks to Khaleej Times about long-term outlook in the country. How much is the UAE real estate market affected by regional geopolitical tension? Not at all, according to experts. “The long-term outlook is absolutely brilliant because UAE is next Switzerland. There's no question about the fact that even having geopolitical tensions around is not an...
The real estate market in Abu Dhabi showed strong performance in 2023, continuing the rise seen since the beginning of the Covid-19 pandemic. Transaction volumes, values and rents increased over the past year as demand remained robust, according to a report by ValuStrat. Looking ahead, the outlook for 2024 remains positive, with analysts forecasting further price growth, especially for...
Abu Dhabi has been ranked the safest city in the world for 2024, according to the online database Numbeo. Dubai ranked number four with Taiwan taking second place and Doha on third. The emirate was ranked highest in safety index – scoring 86.9 – and last in crime levels – with a score of 13.1. The Venezuelan city of Caracas had the lowest safety index score of 17.8 and highest...
Increased transactions, greater returns, spike in ownership, off-plan investments, new projects on the rise; 2023 wraps up with big wins for Dubai and Abu Dhabi’s property sector United Arab Emirates: Property Finder, the leading property portal in the MENA region, has reported substantial progress in Dubai and Abu Dhabi's real estate sectors for 2023. Significant achievements in 2023 include...
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...
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...
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