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...
The UAE real estate market, in particular in Abu Dhabi, continues to grow. The emirate demonstrates a high rate of development, which directly affects the economy of the capital. A wide range of properties with different pricing categories are offered in Abu Dhabi by some of the most sought-after developers, in the most attractive locations. The government is determined to attract highly skilled and...
UAE has once made it again and topped the list for being the country young Arabs prefer to live in the most. For the 12th consecutive year, UAE has been named as the most desirable country to live in according to the Arab Youth Survey. Data and results are based on face-to-face interviews which were conducted with 3,600 young people aged between 18 and 24 across different countries. The...
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...
ABU DHABI & Ras Al Khaimah, UAE: According to leading global property consultancy, Knight Frank, Abu Dhabi has transformed itself into a global tourist and investment hotspot, repositioning itself over the last 15-20 years as a complimentary cultural and entertainment hub to Dubai. In Knight Frank’s Destination Dubai flagship report, the emirate emerged as the second most popular real estate...
Now reinvigorated and reimagined, the Palm Jebel Ali has been part of the Dubai landscape for more than 20 years. Construction began in 2002 as part of a hugely ambitious series of artificial offshore islands that included Palm Jumeirah, The World and Palm Deira. At one stage, it was proposed some of the islands off the Palm Jebel Ali form the shape of a poem written by Sheikh Mohammed...
Abu Dhabi's real GDP growth accelerated to 9.3% in 2022 but is expected to be broadly flat in 2023 due to the OPEC+ agreement to cut oil production, S&P Global Ratings said in a new report. "We estimate economic growth will be broadly flat in 2023, with nonhydrocarbon sector growth of about 4%, partly due to tighter monetary policy conditions," Trevor Cullinan and other analysts said in the...
When it comes to selling your home, maximizing its value is a top priority. To ensure you get the best possible price, it's essential to implement effective selling strategies. In this blog post, we will explore some tried and tested techniques that can help you increase the value of your home and attract potential buyers. Enhance Curb Appeal: First impressions matter, and the exterior of your home...
Abu Dhabi has launched housing projects worth over Dhs7 billion, aimed at providing citizens with 1,742 residential villas. The Abu Dhabi Housing Authority revealed that the projects will be located in West Baniyas and Al Samha. The West Baniyas residential project involves the construction of 1,500 villas, along with the development of infrastructure, gardens, public facilities, and services....
A growing trend is emerging among Dubai residents as they increasingly opt for bank mortgages to purchase properties. Escalating rental costs, which have sometimes outpaced mortgage repayments, have been the primary driving factor behind this shift. Despite rising interest rates, the surge in rental rates has been even more pronounced, prompting long-term planners to consider purchasing properties through...
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