In its 9th year of celebrating the real estate industry’s top agents and agencies in the UAE, the Property Finder Awards was back live and in person, following its virtual awards ceremony in 2020 due to the COVID-19 restrictions.

The prestigious Property Finder Awards 2021 was held on 16th November at the Armani Hotel in Burj Khalifa, Dubai, where over 450 industry professionals gathered to honour the winners of the esteemed property awards.

We are proud to announce that Henry Wiltshire International … Read more ›

Abu Dhabi’s leading developer, Aldar Properties, records a staggering 11% jump in its third quarter profit, with the boost coming from record developmental sales and strong economic recovery.

Following the report, Aldar announced it is “actively” seeking further acquisition opportunities in the country.

In a statement made by Aldar through the Abu Dhabi Securities Exchange where its shares are traded, the net profit attributable to the owners by the end of September rose to AED 473 million and provisions, impairments and writedowns … 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 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 ›

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 ›