Dubai Land Department Announces New Rules on Property Marketing

05 September 2022

Dubai: With regard to the marketing of properties in Dubai, the Dubai Land Department (DLD) reported that only up to three permits will be issued and used to market or list one property.

Consequently, a maximum of three agents will be eligible, eliminating the myriad of fake, inaccurate and outdated listings starting 1st October.

Furthermore, once a property is sold, it is mandatory to immediately remove all promotional and advertising materials related to it as an agent cannot use an expired permit … Read more ›

Brand new Aldar project: Yas Park Gate

30 August 2022

Invest in the flourishing area of Yas Island, Abu Dhabi, where homeowners can indulge in the abundance of outdoor spaces and leisure. Yas Park Gate offers Mediterranean-style homes, right at the doorstep of Yas Park. It is an amenities-driven community suitable for families and those looking for an active lifestyle.

It consists of 508 properties in total with:

144 two bedroom townhomes with two parking spaces
112 three bedroom (mid) townhomes with two parking spaces
144 three bedroom (end) townhomes with two parking spaces
108 … Read more ›

Louvre Residences, Saadiyat Island

16 March 2022

Located in the Cultural District of Saadiyat Island, this one-of-a-kind development immerses art and culture into the true definition of luxury living.

The properties boast unparalleled finishes, stunning views of the Louvre Museum,  Sheikh Zayed National Museum and the boulevard.

Choose from light or dark finishes
Architecturally planned interior
Penthouses come with its own private swimming pool
Glass elevator with panoramic views
Open kitchen with appliances
Get museum privileges
OPEN TO ALL NATIONALITIES
186 total units
Hand Over: Q1 2025

Prices:

Studios | 46 – 48 sqm | from: AED 1,300,00
1 bed | 73 … Read more ›

Apollo invests $1.4 billion for a minority stake in Aldar Investment Properties

17 February 2022

New York-based global alternative investment management firm, Apollo Global Management, commits $1.4 billion in Abu Dhabi’s leading developer, Aldar Properties.

It includes a $500 million investment in land joint venture where the land acquired could later be developed or sold, and a $100 million common equity investment which will secure Apollo a minority stake in the real estate investment unit of Aldar. The said commitment will be made by Apollo managed funds and clients.

In addition, Apollo will invest $800 million in … Read more ›

Aldar Reports 11% Increase in Third Quarter Profit; Actively Seeking Acquisitions

04 November 2021

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 ›

Guggenheim Abu Dhabi Targets Opening in 2025

30 September 2021

Nestled on the thriving cultural district of Saadiyat Island, The Guggenheim Abu Dhabi is set to finish by 2025, according to the Department of Culture and Tourism.

The contemporary and renowned museum was designed by architect Frank Gehry, who is also behind the Guggenheim Museum in Bilbao, Spain. The UAE site is said to be the latest and largest installment on the Solomon R Guggenheim Foundation’s list of international museums. DCT Abu Dhabi and Solomon R. Guggenheim Foundation have collaborated to … Read more ›