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...
Bayut identifies key property trends in Abu Dhabi in 2023, with data on best return on investment for apartments and villas across the city Abu Dhabi real estate investors saw returns of more than 8 per cent on selected properties in the city last year, according to data from the Bayut Annual Sales Report for Abu Dhabi in 2023. Property specialists Bayut released its Abu Dhabi annual...
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...
Abu Dhabi reduced service and community charges by 6 per cent last year for owners and investors in jointly owned properties, according to Abu Dhabi Real Estate Centre (Adrec). A total fee reduction of Dh39.7 million ($10.81 million) incentivised real estate buyers in the emirate, the Abu Dhabi Media Office reported on Wednesday, citing Adrec, a part of the Department of Municipalities and...
Sama Yas is a luxury park living experience, featuring a collection of 234 apartments, duplexes, and penthouses. Culinary mastermind Chef Izu will curate an exclusive dining experience within the community and inspire the kitchen designs in each home. Set within Yas Park, the sophisticated residential community will offer stunning views and easy access to Yas Island, wider Abu Dhabi, and...
There was a significant increase in buyers from Egypt, Lebanon, Pakistan and Turkey Indian property investors surpassed Russians to claim the top position as the leading buyers of real estate in Dubai in 2023, according to latest data released by Betterhomes. The statistics reveal that the British and Russian buyers secured the second and third positions, respectively. This marks a shift from the...
DARI’s vision aims to revolutionise the digital landscape of Abu Dhabi's real estate sector, aligning with the UAE’s vision to foster growth, competition and continued long-term success. Abu Dhabi: etisalat by e& today announced its partnership with Advanced Real Estate Services (ADRES) to enhance its products including DARI, Abu Dhabi's comprehensive digital real estate ecosystem,...
The evolution of technology has transformed the way we approach various aspects of life, including the exploration of real estate. In Abu Dhabi, the emergence of virtual tours has revolutionized the property search process, allowing prospective tenants to view and experience potential homes from the comfort of their own couch. In this guide, we'll delve into the world of virtual tours, highlighting the...
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...
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...
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