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...
Despite an increase in cost of living in the past couple of years, Abu Dhabi, Dubai, and Sharjah have been deemed more affordable than other major cities in Asia, Europe and the US, according to data released by Numbeo, a global data provider on economic, social and safety areas. The cost of living in the three emirates ranks much lower than that of Zurich, Geneva, New York, Los Angeles, Oslo,...
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...
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...
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...
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...
Transforming your Abu Dhabi rental into a personalized haven is an exciting endeavor that allows you to infuse your style and personality into your living space. While renting may come with certain restrictions, there are numerous creative and temporary ways to make your home uniquely yours. In this guide, we'll explore tips and ideas for decorating your Abu Dhabi rental, adding a touch of warmth and...
Property buyers in the UAE, especially end-users, will increasingly opt for mortgages in 2024 as interest rates are expected to drop by up to 100 basis points. Real estate analysts say that changes in mortgage rates have a significant impact on buyers’ approach when it comes to buying property in the UAE. Amidst the continuous rise in rentals in the UAE, they note that many renters in the UAE could...
Renting a property in Abu Dhabi can be an exciting yet challenging endeavor, given the diverse real estate landscape in the city. Whether you're a newcomer or a long-time resident, understanding the nuances of the rental market is crucial for finding the perfect home that suits your needs. In this guide, we'll explore the essential aspects of renting in Abu Dhabi, providing you with valuable insights and...
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