Official figures reveal that Abu Dhabi's non-oil sector reached unprecedented levels, contributing AED154.7 billion ($42.1 billion) to the GDP. According to the Statistics Centre – Abu Dhabi (SCAD), estimates show a 3.3 percent growth in Abu Dhabi's GDP during the first quarter of 2024, compared to the same period in 2023. This increase is credited to the strong performance of non-oil economic...
In the heart of the Middle East, the United Arab Emirates has experienced dynamic growth in its real estate market. With the introduction of new company ownership and residency laws, the UAE has become a prime destination for international property investments. Despite this, many people still opt to rent, missing out on the financial benefits of homeownership. Take Sarah, for example. After renting an...
The bustling city of Abu Dhabi, the capital of the United Arab Emirates, shimmers with prosperity every day with its high skyscrapers, pristine beaches, and diverse culture. For investors and landlords, this dynamic city presents a desirable real estate market. However, deciding between long-term and short-term rentals involves intricate details, much like the pattern on a rug. Let’s uncover this aspect...
In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at 2,795 Dubai – CBRE Middle East, the global leader in commercial real estate services and investments, released its latest edition of the UAE Residential Market Review for the first quarter of 2024. In Abu Dhabi, during the first quarter of the year, the total volume of transactions stood at...
Abu Dhabi residents, it’s time to let your pride shine through – our city has been named one of the top five global cities to work in. The UAE capital beat the likes of Berlin, Singapore and Barcelona to the top five according to the prestigious Boston Consulting Group. London topped the list for another year (it has retained the top spot since 2014), but the Middle East is gaining...
If you are a UAE expat, who just arrived, you should consider the property options for rent in the city. You will receive plenty of opportunities that match your sought-after issues such as comfort, calmness, prime location, and maybe luxurious interior designs. Before you find accommodation in the vibrant capital of the UAE, Abu Dhabi, there are essential financial considerations to understand so that...
It will be home to a new hotel, an arena and more… True Gamers has unveiled plans to develop the world’s first eSports Island in Abu Dhabi which includes a luxurious hotel (with a unique concept), high-tech venues for gaming tournaments, professional training facilities, content creation spaces, and more. True Gamers is the leading international network of eSports clubs, and the new...
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...
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 Abu Dhabi real estate development introduces 111 residential units to Masdar City An Abu Dhabi real estate developer has launched 111 new homes for sale at Masdar City in the UAE. Burtville Real Estate has announced the launch of “Ville 11” in Masdar City, Abu Dhabi. Ville 11 in Masdar City, Abu Dhabi The project will make a new addition to their portfolio of real estate...
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