Property News: Developments
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
Studios | 46 – 48 sqm | from: AED 1,300,00
1 bed | 73 … Read more ›
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 ›
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 ›
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 ›
27 September 2021
First Abu Dhabi Bank (FAB), the UAE’s largest bank, collaborated with the Abu Dhabi Residents Office (ADRO) to offer exclusive and competitive mortgage rates and deposit products for Golden Visa holders in Abu Dhabi.
Under the scheme, eligible visa holders will have access to five-year fixed mortgage rates from 2.49% per year with a fee waiver and up to 1.68% iSave deposit rates per year.
“By providing recipients of the UAE Golden Visa exclusive benefits for mortgages and deposit products, FAB is … Read more ›
26 September 2021
The Central Bank recently released its Quarterly Economic Review for the second quarter of 2021.
The report states a 2.1% growth this year and a projected 4.2% increase next year, following the UAE’s actual production, Opec+ announcements and the pending output schedule from January 2021 to July 2021. The previous prediction of 3.8% climb in 2022 was revised by CBUAE as a result of increased public purchasing, banks’ credit outlook, higher employment and better business sentiment.
“The improvement reflects the better sentiment … Read more ›