In 2020, a number of measures to support the nation were implemented by the Abu Dhabi government in order to stimulate and raise the declining real estate market.

These initiatives had helped retain public confidence in the sector and had led to further demand, boosting interest.

About 1,700 apartments and 50 villas were recorded by Asteco to have been delivered in the first quarter of 2021, with 11,600 additional residential stocks (11,000 apartments and 600 villas) expected to enter the fast-paced market … Read more ›

The onset of the COVID-19 pandemic in 2020 has the UAE and the rest of the world in a downward economic spiral.

Educational institutions have shut down, the workforce was mainly made to work from home, the ports and borders were momentarily closed, and a number of people have lost their jobs.

With the whole world drawing a blank on how to face such a global crisis, the UAE government was quick to act and combat this drawback: PCR tests were readily … Read more ›

Abu Dhabi, UAE: Aldar Properties (‘Aldar’), Abu Dhabi’s leading developer, has announced the launch of the second phase of its Al Gurm development project, an exclusive and self-sustaining waterfront community situated on the South-West side of the capital’s mainland. The beach facing land plots which form archipelago-style islands are exclusive for purchase by UAE nationals.

A total of 71 new plots ranging from 900 to 4,400 sqm are spread over the distinct areas: The Beach, The Canal … Read more ›

There is no doubt that 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 showcases some of the finest homes on offer in its Property of the Week. Here, we take a look at a podium villa at Al Zeina in the Al Raha Beach development in Abu Dhabi.

The key details

This corner property is located in a central position within the popular Al … Read more ›

Dubai resident Nilesh Jain switched his mortgage provider last year after realising he was paying 2.5 per cent more than the prevalent market rate for home loans in the UAE. He was paying a hefty 6 per cent interest rate to Dubai Islamic Bank for his mortgage, compared with the average market rate of about 3.5 per cent in 2020.

The Indian expat had originally taken out a Dh2.25 million mortgage for his Arabian Ranches villa from Tamweel in 2007. In … Read more ›

Dubai and Abu Dhabi rose in a global ranking of the most transparent real estate markets in the Middle East and North Africa (Mena) on the back of new government initiatives, according to the consultancy JLL.

Dubai, the commercial and trading hub of the Middle East, jumped three spots to 36 to maintain its position as the most transparent market in the Middle East, while Abu Dhabi moved up to 48, becoming one of the top performers globally due to sustainability … Read more ›