Ever wondered how a national lottery could shake up the UAE? Well, it’s happening right now! The Game LLC just got the country's first-ever lottery license, and it's a significant development! Backed by the General Commercial Gaming Regulatory Authority (GCGRA), this move is sparking excitement across all seven emirates. But here’s the key point: it’s not just about adding another entertainment...
Occupancy levels in several residential areas of Abu Dhabi are reaching unprecedented heights, with some properties, especially in the prime and luxury segments, maintaining waiting lists for prospective tenants. High-end developments, particularly those in waterfront locations like Al Raha Beach, Saadiyat, Yas, and Reem Islands, continue to be in high demand. Landlords in these regions are experiencing...
Is the UAE the new global hotspot for the world's wealthy? With a booming economy and an unmatched lifestyle, it's no wonder this country has been crowned the world's leading millionaire magnet for three consecutive years. Let’s dive into what makes it a top choice for high-net-worth individuals. Impact of Wealth Migration on the UAE The influx of wealthy individuals has truly transformed the UAE....
Are you a landlord looking for a real estate agency that can reduce your vacancy periods and find reliable tenants faster than ever before? Here is why you can trust Crompton Partners Estate Agent to rent your units with confidence. Proven Track Record Since our launch in 2012, Crompton Partners has rapidly grown to become one of the largest and most reliable real estate agencies in Abu Dhabi. Our...
Struggling to rent out your property? You're not alone. Many owners find the rental process challenging. Let us walk you through how a real estate agency can take the hassle out of renting your property. Expert Negotiators That Save You Money Picture Ali, a property owner on Al Reem Island, who took on renting his place solo. The negotiation process left him feeling stressed and resulted in...
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...
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