Abu Dhabi: Abu Dhabi Airports announced today a deal between Abu Dhabi Airport Free Zone (ADAFZ) and Abu Dhabi based Grand Move, to develop a 35,000 square metre community mall in the new Al Falah district. The deal, sealed at the BIG5 construction event in Dubai, is structured as a Musataha agreement for a term of 29 years and carries an initial project investment of AED 65, 300,000. The Grand Move...
A new market research projected return on investments of up to 50% for some of the projects in Abu Dhabi’s upcoming and popular islands over the next three years, turning them among the most sought after residential real estate markets in the coming year Capital city Abu Dhabi and emerging tourist and gaming spot Ras Al Khaimah (RAK) are predicted to be the top destinations for real estate...
First of its kind luxury-branded property development by Jacob & Co. in Abu Dhabi Abu Dhabi, UAE: In a groundbreaking collaboration and a first for the UAE Capital, Nine Yards Plus Holding, the real estate holding arm of EIH Ethmar International Holding Group, has today announced a partnership with Jacob & Co., the renowned US jeweller and watchmaker – bringing a touch of opulence and...
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has inaugurated Al Wathba housing project in the emirate. Spanning 875,000 square metres, the development provides 347 new homes for citizens and cost more than Dh1.1 billion. It includes 15 parks and four mosques with a capacity for 1,725 people, as well as allocated plots of land for commercial and community facilities. During the...
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...
The development will become one of the first branded residence for the world-renowned Nobu hospitality brand in the Middle East Located on Mamsha Al Saadiyat, Saadiyat Island, Abu Dhabi, the Nobu Residences will offer 88 spacious apartments, providing a one-of-a-kind opportunity to live in a home that harmoniously blends Nobu’s Japanese design and hospitality with modern luxuries to showcase a...
In an exclusive excerpt from his upcoming shareholder letter, Warren Buffett looks back at a pair of real estate purchases and the lessons they offer for equity investors. The author visiting (for just the second time) the 400 acre farm near Tekamah, Neb that he bought in 1966 for $280,000.00 Investment is most intelligent when it is most businesslike." - Benjamin Graham, The intelligent...
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 Commercial Bank, the UAE’s third-largest lender by assets, said it has received a binding offer for a majority stake acquisition in Abu Dhabi Commercial Properties (ADCP), the lender’s wholly owned property management services subsidiary. The bank has received the offer from Nine Yards Plus Holding, a subsidiary of Abu Dhabi-based Ethmar International Holding (EIH), the company...
