Property News: Henry Wiltshire

UAE residents spend more time researching, looking through property listings and viewing homes than people in nine other countries, according to a new survey from HSBC.

The survey, conducted by Europe’s biggest bank by assets in November and December of last year, polled 11,932 adults aged 21 and over in the US, Canada, Mexico, France, the UK, Australia, Malaysia, Singapore, Taiwan and the UAE, which included 1,058 participants.

People in the UAE spend an average of 6.6 hours per week “window shopping” … Read more ›

The softening rental market in Abu Dhabi has granted its tenants more bargaining powers. House prices are now more aligned with salaries and housing allowances and landlords are being flexible in terms of a number of cheques they are willing to accept. “We believe that the market is stabilizing for tenants in Abu Dhabi,” says Kika Pavese, General Manager, MD Real Estate. Sameer Barakat, Executive Director, Provis also agrees that the higher level of availability of properties is attracting tenants … Read more ›

Cityscape Abu Dhabi
16 – 18 April 2019
ADNEC, UAE

We are back at Cityscape 2019 to showcase a wide selection of properties – local & international. Come and meet Abu Dhabi’s most reputable agents at stand 6D20 to discuss all your property requirements.

Abu Dhabi has introduced a Dh500 million campaign to promote the emirate as a global tourist attraction.

The three-year project will be aimed at countries such as China, Saudi Arabia, India and Russia, along with the domestic market as Abu Dhabi makes a sustained push to attract more visitors.

The campaign was revealed on Tuesday by Saif Ghobash, undersecretary at the Department of Culture and Tourism Abu Dhabi.

Mr Ghobash confirmed that major Saadiyat Island projects including the Zayed National Museum and the … Read more ›

Aldar Properties, the Abu Dhabi real estate developer, posted a 2 per cent revenue rise for full-year 2018, attributed to higher returns from revenue raising assets and new acquisitions.

Net profit attributable to equity holders slipped 5 per cent year-on-year to Dh1.8 billion in 2018, while revenues rose to Dh6.3bn, boosted by Dh2.6bn of development sales, the company said in a filing to Abu Dhabi stock exchange, where its shares are traded, on Wednesday.

The net profit decline was partly due to … Read more ›

Brent is expected to average $75 per barrel for 2019, trending at a bullish monthly average of $77 per barrel for the second half of the year, according to Fitch Solutions.

A tightening of supply and the assumption of a high level of compliance by the Opec+ alliance in the first half of the year, are some of the factors supporting the ratings agency’s fundamentally bullish outlook for the oil markets.

“Saudi Arabia is shouldering the bulk of the cut and, as … Read more ›