Property News: Buying

Middle East real estate portal Property Finder Group targets up to 50 per cent annual growth in revenues and website users in the near term, as it invests in new staff and technology after clinching $120 million (Dh440.7m) in its latest funding round, announced on Monday.

The Dubai-based company, which has operations across eight markets in the Middle East and North Africa, is also open to acquisitions, after investing in a Turkish firm last year, and may consider an initial public … Read more ›

Expatriate residents in the UAE increasingly want to own their home in the country, a new survey by Property Finder found.

The Dubai property advertising portal said that half of those who purchased in the past six months felt it was better than renting and one-third of survey respondents believe now is the right time to buy.

“The most common reasons were they felt it was a better financial decision to buy rather than rent and these potential buyers plan on staying … Read more ›

The UAE has introduced new laws this year that effectively widen the range of possibilities for expatriates to be more deeply involved in the long-term economic growth of the country. Many of the policy changes mainly concern foreign business ownership, visa regulations and curbing the cost of living.

In a country where 80 per cent of the population is made up of foreign residents from all over the world, the new regulations are viewed as crucial in efforts to tap further … Read more ›

Abu Dhabi’s drive to accelerate its economic growth will come under the banner of Tomorrow 2021, the Crown Prince revealed on Sunday, in what marks the culmination of a summer of reforms aimed at preparing the emirate for a more prosperous future.

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said the plan includes “50 initiatives that reflect the priorities of citizens, residents and investors”. The move is part of an action … Read more ›

Residential sales and rental prices fell in most neighbourhoods across Abu Dhabi in the first six months of 2018, albeit at a slower pace witnessed in previous months as market sentiment improves on the back of rising oil prices, according to a new report published on Thursday.

Average apartment rental prices were “modest” for the most part, with year-on-year decreases ranging from around 3 to 9 per cent in different locations during the first half of the year, according to real … Read more ›

Leading property portal Bayut have awarded Henry Wiltshire International the coveted ‘Agency of the Month’ award for best Abu Dhabi real estate agency.

Bayut also awarded ‘Real Estate Agent of the Month’ to Henry Wiltshire’s agent Ragna Tietjen who is a leasing consultant specialising in the Corniche and Maryah Island areas of Abu Dhabi.