Property News: Buying

Miral’s five-year programme covers new experiences, added hotel rooms and upgrades across the island

Miral will invest more than AED 12 billion in Yas Island over the next five years, funding a pipeline of new attractions, expanded theme parks and a significantly larger hotel offering.

The programme spans tourism, entertainment and hospitality, taking in new immersive rides and experiences as well as upgrades to venues already operating on the island.

Investment sits apart from the Disney project

Miral has been … Read more ›

Work is now well underway on Abu Dhabi’s AED 6.4bn Sphere, the second venue of its kind anywhere in the world after the original opened in Las Vegas in 2023. The venue is targeting completion in 2029.

ALEC Holdings won the build contract in May 2026 from the Department of Culture and Tourism – Abu Dhabi, and the job now stands as the single biggest item in the contractor’s Dhs32.5bn order book. According to ALEC chief executive Barry Lewis, the … Read more ›

Abu Dhabi’s residential landscape is entering a period of significant expansion, with fresh figures from the Abu Dhabi Real Estate Centre (ADREC) showing the emirate’s housing stock climbing from around 409,000 units today to roughly 480,000 by the end of the decade. The single busiest year for handovers will be 2028, when close to 21,800 new homes are due to be delivered.

Six Districts Driving the Bulk of Growth

According to ADREC’s Real Estate Market Report for the first half of 2026, … Read more ›

Aldar Properties, Abu Dhabi’s largest listed developer, reported a 10% year-on-year jump in second-quarter net profit, with revenue up 5% despite broader regional uncertainty tied to the Iran conflict.

Net profit for the three months to end of June came in at AED 2.16 billion ($580 million), with quarterly revenue and rental income reaching AED 8.1 billion. For the first half of the year, profit climbed 16.3% annually to AED 4.2 billion, while revenue grew 8% to … Read more ›

Off-plan sales continued to dominate Dubai’s property market in early 2026, even as the pace of new launches slowed and buyers grew more selective about where they put their money, according to industry experts.

Cavendish Maxwell’s Research Manager, Ali Siddiqui, reported that off-plan deals made up close to three-quarters of all residential transactions in Dubai, with roughly 49,700 recorded in the first five months of the year — a modest pullback from the same period in 2025. … Read more ›

The Abu Dhabi Residential and Office Market Review – Summer 2026, produced by our collaborative partners at Knight Frank, offers a biannual look at the performance of the emirate’s residential and office sectors.

Abu Dhabi’s residential market maintained strong momentum through the year to June 2026, led once again by the waterfront communities. Apartment prices on Yas Island and Al Reem Island each rose by approximately 18% year-on-year, while Al Saadiyat Island retained its position as the … Read more ›