Property News

Abu Dhabi: The capital’s real estate offerings, the UAE government’s new retirement visa rules and new laws on freehold ownership for expats in the capital are helping shape the emirate as an ideal retirement destination.

What has changed

Previously, expats in Abu Dhabi could only buy real estate on a 99-year lease.
The new freehold law announced at Cityscape Abu Dhabi in April essentially opens the capital to a whole new segment of buyers and investors in real estate, including those in … Read more ›

Aldar Properties awarded contracts worth Dh1 billion for the development of Alreeman in Alshamkha and Reflection on Reem Island as projects progress on schedule, the Abu Dhabi developer said on Sunday.

The Alreeman contract, worth Dh794 million, is for the development of infrastructure and was awarded to Abu Dhabi-based Tristar Engineering & Construction. The main contract for construction work at Reflection is worth Dh220m and was awarded to Fibrex Construction, also based in Abu Dhabi, in April, the company said.

Land plots … Read more ›

Mortgage applications in the UAE increased by 78 per cent over the year to April and enquiries rose by 59 per cent in the same period, a sign that end users are increasingly seeking long-term solutions for their housing needs, according to data from consultancy Mortgage Finder.

The average size of a home loan, however, decreased from Dh1.67 million in May 2018 to Dh1.31m in the same month this year, reflecting the relatively weak property market, said the consultancy, which is part … Read more ›

The local real estate has been the subject of much conjecture in recent months. But with local Purchasing Manager Indexes screaming an economic recovery this autumn, and US interest rates slated to fall pointing to lower-cost dirham mortgages, wary buyers risk missing the very bottom of the five-year bear market in UAE residential property.

The latest data from Reidin, a global real estate information company, showed 3,200 off-plan completions in the first five months of 2019, compared with 13,700 for the … Read more ›

The buyer of a six-bedroom villa on Saadiyat Island became the first foreigner to receive a freehold title deed from Abu Dhabi Municipality on Thursday, according to the real estate consultancy Henry Wiltshire International.

Long-term Abu Dhabi resident Sami Ghandour, 69, an engineer born in Jordan but originally from Palestine, was handed the document by staff at the government department after completing the purchase of his new home in the Hidd Al Saadiyat development, for which he paid Dh10.8 million including … Read more ›

Henry Wiltshire are pleased to have been appointed exclusive agents for The Residence at St. Regis Resort, Saadiyat Island.

Find out more about this impressive resort and arrange a priority tour.