The residential property market in Abu Dhabi's freehold areas experienced growth of 1.2 percent in Q1 2023, pushing average prices to Dh964 per square foot (psf), according to the latest Abu Dhabi Residential Market Review by global property consultancy Knight Frank. Conversely, villa values showed moderation after six consecutive months of growth, resulting in an annual rate of change of 1.2 percent. The...
UAE Cabinet resolution expands ADGM’s jurisdiction to Al Reem island in addition to its current jurisdiction in Al Maryah island creating one of the largest concentrated Financial Districts in the world with a combined geographic area of 1438 hectares (~14377774.9 sqm). The expansion of ADGM’s jurisdiction stands as a testament to it being the fastest-growing IFC in the region, in addition to its...
ABU DHABI, 3rd May, 2023 (WAM) - The real estate sector in Abu Dhabi has continued its growth trajectory in the first quarter of this year, with 5,472 property sales and mortgages recorded worth AED 27.9 billion, compared to 3,304 transactions worth AED 11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT). The value of...
Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land for commercial and community facilities. The expansion of Al Falah is the latest phase...
Strong trade partnerships, event calendar & diverse experiences drive hotel occupancy over 70 percent in 2022 Abu Dhabi, UAE – Ahead of Arabian Travel Market 2023, the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced new performance targets for Abu Dhabi, which include plans to attract more than 24 million visitors to the emirate by the end of 2023. His Excellency...
The key development will feature 899 residential villas as well as other key amenities Abu Dhabi has announced that work has begun on the third phase of Al Falah housing project, coming up on a 2.1 million sq m area at a total investment of over AED1.92 billion ($523 million). The key development will feature 899 residential villas as well as other key amenities as well as allocated plots of land...
Developers say the problem is too many people looking for properties in the same areas. Dubai's population boom, paired with an influx of European property investors, is driving a housing shortage and a rise in rents, real estate experts have said. The city’s popularity has led to new properties selling out almost immediately, while soaring costs mean many current tenants and owners...
Property sales in Abu Dhabi and Dubai surged in the first quarter of this year compared with the same period a year ago as the UAE’s property market continues to rebound strongly from the coronavirus pandemic. Abu Dhabi’s total sales transactions value for the three months to the end of March surged more than three times to Dh11.6 billion ($3.15 billion) compared to Dh3.6 billion for the same...
Arabian Business has revealed that Mohamed Alabbar, the Emaar founder and Americana chairman, will launch a new island project called Ramhan Island off the coast of Abu Dhabi. The project will include 1,800 beach villas, 1,000 branded residences, a hotel, and a marina, and will be developed by his privately owned Eagle Hills development company. Alabbar described the island as “natural, raw,...
The residences feature 130 units comprising studios, one-bedroom, two-bedroom, and three-bedroom apartments February 13, 2023 MIDDLE EASTUAEREAL ESTATE InterContinental Abu Dhabi has launched its brand-new residences scheduled to open in the first quarter of the year in the neighbourhood of Al Bateen district, a stone’s throw from some of the central business and leisure facilities. The...
