Property News

Buying a home is a huge financial commitment. For the majority of people in the UAE who wish to buy a property here, it’s often challenging to save for the down payment. However, the reduction of the loan-to-value ratio for first-time homebuyers this year by the Central Bank of the UAE has simplified the process for aspiring property owners.

In March, the central bank issued a decree allowing UAE banks to increase the LTV for first homebuyers by 5 per cent … Read more ›

Abu Dhabi’s economy will expand by 6 per cent to 8 per cent over the next two years, with the oil sector, financial services, government spending and foreign investment driving the growth, a senior government official said.

The expansion from 2021 to 2022 comes after a dip in gross domestic product of about 3 per cent to 4 per cent this year, and will depend on the Covid-19 pandemic and the global trade environment, Mohammed Al Shorafa, chairman of the Abu … Read more ›

The UAE is home to some spectacular properties. From penthouse apartments to plush villas with sprawling gardens and incredible pools, it’s a real estate haven.

Each week, The National is showcasing some of the best homes on offer with its Property of the Week. This week, we take a look at a three-bedroom apartment at Mamsha Al Saadiyat, a development by Aldar Properties.

The key details
Located in the Cultural District of the capital’s sought-after Saadiyat Island, this three-bedroom apartment is within walking distance … Read more ›

Despite a downward trend in property prices, sentiments in Dubai’s real estate sector are high owing to the recent developments in UAE-Israel relationships and pent-up demand over the last few months leading to an uptick in sales. The historic UAE-Israel peace deal was signed in Washington yesterday and this will play a positive role in attracting investments in real estate, say industry experts.

Andrew Cummings, co-founder and managing director of luxuryproperty.com says both the UAE and Israel share many synergies. The … Read more ›

Abu Dhabi Central: This is one of the most lively areas of the city and close to a number of hotspots. Transportation from there to almost anywhere is easy. In a recent report, Asteco found that rentals for high-end properties in this area dropped by 5 per cent while further down the value chain, the decline was by 6 per cent compared to the second quarter last year.

Abu Dhabi Corniche: Located right alongside the main beach, this is one of … Read more ›

Each month, we recognise real estate agencies in the UAE which have contributed significantly to the local property market. For July 2020, we are pleased to announce that Henry Wiltshire International has won our coveted Agency of the Month award in Abu Dhabi!

Imran Khan, Property Consultant at Henry Wiltshire, took home our Agent of the Month award while Katrina Alvez, Listings and Administration Coordinator, is our Listings Pro for the month.

Keep reading to learn more about Henry Wiltshire International’s services … Read more ›