News

This February, construction of a new residential project Fay Al Reeman II began in Al Reeman, an upscale villa community in the Abu Dhabi district of Al Shamkha. The complex will consist exclusively of opulent villas in a contemporary architectural style. Buyers will be able to choose the appearance of their future home and adapt its interior and...

Yas Park Gate is the latest project announced by Aldar Properties and inspired by consumer desire for community living. Its construction has just begun near Yas Park, Abu Dhabi’s first family and entertainment park of this kind. 508 new residences with a total floor area of over 255,000 square meters will be part of a residential project...

Many high-profile projects have been built in the UAE over the past few years, from shopping malls with mountain ski slopes to record-tall towers. During the pandemic, time seemed to stop for most of the world, but the Emirates’ cityscape continued evolving. High-rise buildings became even taller, land plots were cleared, and new projects...

According to a new report from ValuStrat (a consulting firm), in the second quarter of 2022, the rental for Abu Dhabi residences dropped to the record low since 2016. The average occupancy rate in the city is 81%. The ValuStrat Price Index (VPI) that measures the cost of rent in Abu Dhabi reduced by 3.4% compared to the previous quarter of 2022...

Ain Al Maha is a new community that will be built on one of Abu Dhabi’s iconic landmarks, Jubail Island, by 2025. The project’s total value is estimated at AED 10 billion (USD 2.7 billion). The developer believes the time is ripe for this project, as 90% of its current properties is already sold out. The new project will spread across...

In addition to the luxurious Nurai Island Resort, one of Abu-Dhabi’s largest developers has recently purchased two new islands near Abu Dhabi to build villas on. Aldar will implement the Nurai Island Resort restoration plan and expand the range of hotel services and fast-food restaurants. This acquisition enables Aldar to create the supply...

The new offering was a response to the growing demand for purchasing land from foreign citizens and local residents. Since last year, the prices of land and real estate in the UAE have increased, so more and more people want to purchase a land plot as an investment or a way of building a house of their own. The bank is ready to finance up to 60%...

One of Abu Dhabi’s largest developers has recently announced the launch of the Grove District project located on Saadiyat Island, the emirate’s new cultural center. Three of the island’s major landmarks are minutes away from the future project: Zayed National Museum Louvre Abu Dhabi Guggenheim Abu Dhabi All of them will be...

Data from the sector’s leading analysists suggests that the second half of 2022 will look even better for the Abu Dhabi real estate market, which has started off the year pretty well, thanks to mega projects, extension of Etihad Rail, and growing oil prices. In the first quarter of 2022, slightly more than 3,300 transactions worth over AED...

In the first quarter of 2022, just over 3,300 transactions worth more than AED 11.3 billion (USD 3.076 billion) were made, which suggests that the Abu Dhabi real estate market is off for a good start. According to Zoom Property Insights, the second quarter’s performance is going to be similar, laying the foundation for a successful year 2022...

The demand from international buyers from all over Europe has been growing considerably in the Abu Dhabi real estate market. Some real estate agencies actually recorded a demand growth of up to 50% over the first four months of 2022 compared to the same period last year. The influx is caused by different reasons, such as the growing freehold areas...