Abu Dhabi has the fastest-growing economy in the Middle East and GDP growth is at a nine-year high Abu Dhabi’s booming economy hit a nine-year high in the first three months of this year, according to official Statistics Centre statistics. This growth was driven by the robust performance of non-oil economic activities in the emirate. Statistics Centre – Abu Dhabi (SCAD) released...
Ethmar International Holding snaps up Al Raha Beach development in Abu Dhabi A major Abu Dhabi real estate development has been snapped up by a property firm looking to maximise investment in the city’s real estate sector. Ethmar International Holding has announced the acquisition of Lamar Residences, one of the luxury mega projects on Al Raha Beach in the Seef district in Abu Dhabi, with a...
Abu Dhabi’s Department of Municipalities and Transport (DMT) has introduced a new Unified Contract Template for the sale of units and plots in the city’s development areas. The new template will come into effect on July 3, 2023. The introduction of this new template aims to ease the buying and selling process for off-plan properties while ensuring transparency and trust between developers and...
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...
Abu Dhabi announces Hudayriyat Island masterplan with Surf Abu Dhabi, Velodrome Abu Dhabi, giant urban park and more Abu Dhabi is set to embark on a major development of Hudayriyat Island. Modon Properties has revealed the highly anticipated masterplan for Hudayriyat Island. It will see a world class surfing attraction, velodrome and giant urban park built in the city as well as the...
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...
The Abu Dhabi Housing Authority recently made an exciting announcement regarding the launch of new housing projects in the West Baniyas and Al Samha regions. These projects will encompass a total of 1,742 residential villas, catering specifically to the citizens of Abu Dhabi. With a combined investment exceeding AED7 billion ($1.9 billion), these developments aim to provide high-quality housing solutions...
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....
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