Aldar Properties, Abu Dhabi’s leading real estate developer, investor and manager, and Dubai Holding, a global investment holding with an extensive portfolio of AED 130 billion worth of assets, have sealed an agreement in expanding the growing portfolio of the two organisations by developing three communities across 38.2 million sq ft (3.55 million sq m) of land in Dubai’s prime locations.

The momentous agreement marks Aldar’s entry into the high performing Dubai real estate market, in support of Aldar’s broader expansion … Read more ›

Abu Dhabi’s leading developer, Aldar Properties announced its acquisition of Al Fahid Island, a 3.4 million sqm island nestled between Yas Island and Saadiyat island, featuring iconic mangroves, over 11 km coastal frontage and 4.6 km of pristine beaches. Accordingly, Aldar’s landbank and near-term development will significantly expand.

Al Fahid Island will be developed and positioned to be a new prime destination with a mix of over 4,000 residential apartments and townhouses, ultra-luxury beach and mangrove villas available to future buyers. … Read more ›

Abu Dhabi’s master developer, Aldar Properties, launched a total of 512 eco-friendly homes for the first phase of Sustainable City, Yas Island. This latest project generated AED 1 billion ($270m) in sales, with 76% of the properties purchased by expatriates.

“The success we have seen … is an endorsement of the government’s forward-thinking policies, and is a clear indication that buyers are looking for more sustainable ways of living,” Jonathan Emery, chief executive at Aldar Development, said. The construction of the … Read more ›

The latest estimates presented by the UAE Central Bank show a 7.6% growth projection this year, the highest in 11 years, stirred by the sharp increase in oil revenue and the evident progress and improvement in the real non-oil gross domestic product.

This growth forecast is higher than the 5.4% estimate claimed by the Central Bank in July.

Minister of Economy Abdulla bin Touq said earlier this month that the UAE’s GDP is expected to grow by 6.5% this year.

“Overall real GDP … Read more ›

Launched in May 2022 with a fleet of eight TXAI self-driving vehicles and four mini Robobuses released in June, the Integrated Transport Centre (ITC), of the Department of Municipalities and Transport (DMT) has reported the commencement of phase two of the Smart Mobility Project on Yas and Saadiyat Islands.

15 new charging stations were added in October across Yas and Saadiyat Islands and the Autonomous Rapid Transit (ART) has begun operation in November, prior to the Formula 1 Etihad Airways Grand … Read more ›

The prestigious real estate awards held on 10th November 2022 at the Armani Hotel, Burj Khalifa, Dubai, was attended by over 400 industry professionals.

The night was hosted by Property Finder, a leading property portal in the UAE, to celebrate agencies and individuals who made a difference and contributed to the growth and development of the Abu Dhabi real estate sector for 2022.

Henry Wiltshire bagged two major awards for the Abu Dhabi Boutique category – House of SuperAgents and the Quality … Read more ›