Property News: Abu Dhabi 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 ›

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 ›

Abu Dhabi remains focused on sustaining the expansion of its non-oil economy and the emirate will emerge stronger from the Covid-19-driven economic uncertainty, the chairman of the Abu Dhabi Department of Finance said.

“Historically and repeatedly, Abu Dhabi has weathered such global macroeconomic headwinds whilst remaining resilient and positioned for growth,” Jassem Al Zaabi told The National on Wednesday. “I stand firm in my belief that the Abu Dhabi economy will emerge from this period of uncertainty in a stronger position.”

Abu Dhabi is … Read more ›

Payment of rents by credit cards is the latest incentive being offered to cash-strapped customers by a leading Abu Dhabi property developer subsequent to its rent-to-own scheme.

Aldar Properties said on Monday its customers would be given an option to pay their rent by credit card starting from August 17.

The developer said the offer is in line with the company’s “ongoing efforts to offer convenient and flexible payment solutions”.

“Residents will initially be able to pay their rent by credit card in … Read more ›