Thousands of HNWIs have set up special-purpose vehicles in ADGM in recent years Thousands of high-net-worth individuals (HNWIs) have set up special-purpose vehicles (SPVs) in the Abu Dhabi Global Market (ADGM) in recent years, making the UAE capital the newest hub of billionaires looking to safeguard their assets, Bloomberg reported. Abu Dhabi’s financial centre now has more than 5,000 SPVs,...
A new market research projected return on investments of up to 50% for some of the projects in Abu Dhabi’s upcoming and popular islands over the next three years, turning them among the most sought after residential real estate markets in the coming year Capital city Abu Dhabi and emerging tourist and gaming spot Ras Al Khaimah (RAK) are predicted to be the top destinations for real estate...
First of its kind luxury-branded property development by Jacob & Co. in Abu Dhabi Abu Dhabi, UAE: In a groundbreaking collaboration and a first for the UAE Capital, Nine Yards Plus Holding, the real estate holding arm of EIH Ethmar International Holding Group, has today announced a partnership with Jacob & Co., the renowned US jeweller and watchmaker – bringing a touch of opulence and...
At some point we will all consider buying a home in the Capital, whether that is wanting to buy a villa in Abu Dhabi or an apartment. In this blog we’re going to focus on buying villas and villas for sale. Location, Location, Location: Choosing the Right Neighborhoods Abu Dhabi boasts a variety of neighborhoods, each with its unique charm and character. From the iconic Corniche with its stunning...
A unified Sale and Purchase Agreement for off-plan property has been introduced by the Department of Municipalities and Transport (DMT), the authority which regulates real estate in Abu Dhabi. These changes have been designed to enhance the clarity, transparency, and efficiency of off-plan real estate transactions in the Emirate. The New DMT Sale and Purchase Agreement has arisen from extensive...
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...
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...
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...
