Increased transactions, greater returns, spike in ownership, off-plan investments, new projects on the rise; 2023 wraps up with big wins for Dubai and Abu Dhabi’s property sector United Arab Emirates: Property Finder, the leading property portal in the MENA region, has reported substantial progress in Dubai and Abu Dhabi's real estate sectors for 2023. Significant achievements in 2023 include...
Aldar Properties, a leading real estate developer, investor, and asset manager in the UAE, will invest a further AED1 billion ($272.27 million) to expand its logistics real estate business in Dubai and Abu Dhabi. Having first entered the logistics sector with the majority acquisition of Abu Dhabi Business Hub (ADBH) in 2022, this new investment includes the acquisition of operational assets as...
Abu Dhabi Commercial Bank (ADCB) has signed an agreement to divest 80% stake in its wholly owned property management subsidiary Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding. Nine Yards is a real estate subsidiary of EIH Ethmar International Holding PJSC (EIH). The transaction values ADCP at AED591 million ($161 million) and the bank will register a gain of approximately AED490...
In an era where sustainability is at the forefront of global consciousness, Abu Dhabi is actively embracing eco-friendly living practices within its real estate sector. As a tenant in this vibrant city, there are numerous opportunities to contribute to a greener environment through conscious choices in your rental lifestyle. In this guide, we'll explore green leasing practices in Abu Dhabi, offering...
The UAE is renowned across the globe for its megaprojects. These are defined by the Project Management Institute as large-scale, complex ventures that typically cost more than $1 billion and take many years to build. They include mixed-use developments as well as infrastructure projects aimed at supporting urban planning. Every year, new megaprojects are launched in the UAE as ongoing ones...
Property buyers in the UAE, especially end-users, will increasingly opt for mortgages in 2024 as interest rates are expected to drop by up to 100 basis points. Real estate analysts say that changes in mortgage rates have a significant impact on buyers’ approach when it comes to buying property in the UAE. Amidst the continuous rise in rentals in the UAE, they note that many renters in the UAE could...
ABU DHABI, 28th December, 2023 (WAM) -- An economic report has highlighted the UAE topped Gulf Cooperation Council (GCC) countries, acquiring the highest share of the total value of real estate deals conducted during the first ten months of 2023, surpassing the expectations for the entire year of 2022. The report, issued today by Kamco Invest company indicated that the value of real estate deals in...
With an aim to establish a joint development project at Al Reem Island in Abu Dhabi Dubai, UAE: Deyaar Development PJSC ("Deyaar"), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), and Arady Properties – PSC, an Abu Dhabi-based real estate company, have signed a Memorandum of Understanding with an aim to establish a joint development...
Abu Dhabi, a city synonymous with opulence and modernity, offers a lavish array of luxury rental properties that redefine the standard of upscale living. Whether you seek panoramic waterfront views, exclusive amenities, or cutting-edge design, the capital of the UAE has a plethora of dream rentals to choose from. In this guide, we will embark on a journey through the world of luxury leasing in Abu Dhabi,...
Aldar Properties PJSC (“Aldar”) has partnered with Yellow Door Energy, a leading sustainable energy organisation, to bring solar power to 45 properties across the UAE, supporting the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi’s 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was formalised on the sidelines of COP28, signed by Salwa Al Maflahi, Aldar’s...
