The Department of Municipalities and Transport (DMT) has officially launched the Abu Dhabi Real Estate Centre (ADREC), which aims to accelerate growth across the real estate ecosystem in the emirate. The new centre will unify and strengthen the real estate sector in Abu Dhabi through a comprehensive regulatory framework to further enhance the efficiency of real estate and strengthen...
A unified Sale and Purchase Agreement for off-plan property has been introduced by the Department of Municipalities and Transport (DMT), the authority which regulates real estate in Abu Dhabi. These changes have been designed to enhance the clarity, transparency, and efficiency of off-plan real estate transactions in the Emirate. The New DMT Sale and Purchase Agreement has arisen from extensive...
Abu Dhabi – The Q3 2023 real estate report by Asteco, the UAE’s leading full service Real Estate company, highlights that Abu Dhabi's residential sales market is poised for an anticipated growth in the coming months, while Dubai’s real estate landscape remains marked by an ongoing momentum, defined by a continuous stream of new project launches. This growth is attributed by increasing housing...
Abu Dhabi, United Arab Emirates: Bloom Holding, one of the UAE’s foremost real estate development companies, has won two Arabian Property Awards for its fully integrated and all-inclusive project in Abu Dhabi, Bloom Living. The master-planned community received awards for ‘Best Mixed-use Development’ and ‘Best Residential Development’. Each of the two awards categories welcomed hundreds of...
Scheduled to be completed in Q1 2026, all of Casares’ units that range from two-and three-bedroom townhouses, are sold out Abu Dhabi – UAE: Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling work contractor for Casares, phase three of the fully integrated and all-inclusive residential community, Bloom...
The Authority has made significant efforts in recent years to enhance its investment flexibility and adaptability to changing market conditions. Abu Dhabi Investment Authority (ADIA) has issued its annual report for the year 2022, which summarises the Authority's achievements and actions during the past year. H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA, said that the Authority...
The collaboration with Aldar Properties will result in the development of three branded residential buildings, known as Nikki Beach Residences at Ras Al Khaimah Aldar Properties, a prominent real estate developer in Abu Dhabi, has announced a new partnership with Nikki Beach Global, a renowned luxury lifestyle hospitality company, to create a new beachfront residential community on Al Marjan Island in...
This announcement follows the appointment of the main contractor for Bloom Living’s first phase, Cordoba, earlier this year Abu Dhabi – UAE: Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Emirates Link Maltauro L.L.C. as the main contractor to carry out the construction works for Toledo, phase two of its fully integrated and...
ABU DHABI, 11th September, 2023 (WAM) -- Aldar Estates has announced the acquisition of FAB Properties, a UAE-based provider of property management services. The transaction will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its expanding platform in the UAE. The acquisition of FAB Properties follows the recent announcement of Aldar...
DUBAI, United Arab Emirates (AP) — The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as “commercial gaming,” likely a sign that it is on the verge of allowing gambling as major casino operators flock to the Gulf Arab nation. The state-run WAM news agency carried an announcement late Sunday on the creation of the General Commercial...
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