First Abu Dhabi Bank (FAB), the UAE’s largest bank, collaborated with the Abu Dhabi Residents Office (ADRO) to offer exclusive and competitive mortgage rates and deposit products for Golden Visa holders in Abu Dhabi.

Under the scheme, eligible visa holders will have access to five-year fixed mortgage rates from 2.49% per year with a fee waiver and up to 1.68% iSave deposit rates per year.

“By providing recipients of the UAE Golden Visa exclusive benefits for mortgages and deposit products, FAB is … Read more ›

The Central Bank recently released its Quarterly Economic Review for the second quarter of 2021.

The report states a 2.1% growth this year and a projected 4.2% increase next year, following the UAE’s actual production, Opec+ announcements and the pending output schedule from January 2021 to July 2021. The previous prediction of 3.8% climb in 2022 was revised by CBUAE as a result of increased public purchasing, banks’ credit outlook, higher employment and better business sentiment.

“The improvement reflects the better sentiment … Read more ›

Abu Dhabi – As part of the emirate’s efforts in boosting transparency and further property investments, a new batch of 14 mediators have remotely taken an oath before Abu Dhabi Judicial Department under-secretary Yousef Saeed Al Ebri and Department of Municipalities and Transport under-secretary Abdullah Al Sahi.

The oathtaking was made in reference to the second batch of qualified Abu Dhabi real estate conciliators approved by Sheikh Mansour bin Zayed who are all certified and have passed the basic training program … Read more ›

Abu Dhabi – As the country awaits the celebration of its Golden Jubilee, the government has announced a series of projects and initiatives to transform the UAE’s economic, political and social status over the next 50 years.

The first set of projects was declared on 5th September with new schemes on visas, campaigns to attract foreign investment and strategies to support local companies tackled. The aim is to ensure a sustainable future for all of its residents. This recent announcement was … Read more ›

Abu Dhabi residential communities have seen an increase in sales prices following higher demand in key areas as the country recovers from the repercussions of the recent pandemic.

According to Propertyfinder, the average sales listing price for an apartment in the emirate jumped from AED 1.15M as recorded in January to AED 1.3M in July, while villa / townhouse sales listing price went from AED 4.1M in January to AED 4.57M in July.

“In Abu Dhabi there is an undersupply of villas, … Read more ›

Abu Dhabi – Yas Creative Hub, the first industry-specific hub in GCC for media, entertainment, and gaming, is set to house Twofour54 Abu Dhabi, the capital’s media free zone, by Q4 this year.

Media and gaming giants CNN, Ubisoft and Unity Technologies have already confirmed to join, and more than 600 companies are expected to follow suit.

The megaproject spreads over 2.9 million sq.ft. (270,000 sq.m) and 16,000 + professionals will relocate to the new campus by 2031, three times as many … Read more ›