Property News

The UAE has put together a plan to stimulate strategic investment sectors.

The country is pressing on with facilitating an environment that caters to attracting investment as it also proceeds with all approved capital expenditure and development projects, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said on Monday.

“I’ve given directives to continue with all approved capital expenditure and development projects in the emirate, and to take further measures to preserve Abu … Read more ›

The total value of real estate transactions in Abu Dhabi reached Dh58 billion in 2019 as the emirate ramped up efforts to attract investors, the Department of Municipalities and Transport (DMT) said on Wednesday.

The department also said the total number of transactions in 2019 reached 19,000 with the value of real estate deals touching Dh20.6bn through 10,155 transactions, whereas the value of mortgage deals reached Dh37.4bn through 8,663 agreements. It did not provide comparative figures for the previous year.

“The number … Read more ›

Aldar Properties, Abu Dhabi’s biggest listed developer, reported an 81 per cent surge in fourth quarter net profit as the company’s revenue increased in the last three months of 2019.

Net profit attributable to shareholders for the period ending December 31, climbed to Dh577 million, the company said in a filing to the Abu Dhabi Securities Exchange, where its shares trade. Quarterly revenue jumped 17 per cent to Dh2.1 billion.

“Abu Dhabi’s real estate market is benefitting from an economy that is … Read more ›

Abu Dhabi-based clean energy firm Masdar is introducing the UAE’s first “green” real estate investment trust (Reit) with a value of up to Dh1 billion, giving investors a chance to invest in a portfolio of income-yielding properties with lower carbon footprint.

Masdar, a subsidiary of Abu Dhabi’s strategic investment arm Mubadala Investment Company, launched the Reit during the Abu Dhabi Sustainability Week. The investment vehicle will initially include four commercial properties within Masdar City, the sustainable urban community in Abu Dhabi … Read more ›

The UAE property market is expected to pick up this year on the back of new government policies and the Expo 2020 Dubai event, according to analysts.

The real estate market has endured five years of declining prices following a drop in oil prices that began in 2014, as well as ongoing concerns about an oversupply of properties. Dubai sales prices were 7 per cent lower, year on year, for apartments and 9 per cent lower for villas in the third quarter of 2019, according to … Read more ›

The UAE is to be home to the second international destination of Sha Wellness Clinic, an award-winning European health and wellness facility in Spain.

Sha Emirates will open in 2023 at Al Jurf, a destination being created by Abu Dhabi developers Imkan.

It will offer a fusion of Eastern disciplines and cutting-edge Western techniques with the aim of transforming guests’ lives through specialised programmes that typically last seven to 14 days.

Located approximately halfway between Dubai and Abu Dhabi, the destination is set … Read more ›