Property News: Investing

The buyer of a six-bedroom villa on Saadiyat Island became the first foreigner to receive a freehold title deed from Abu Dhabi Municipality on Thursday, according to the real estate consultancy Henry Wiltshire International.

Long-term Abu Dhabi resident Sami Ghandour, 69, an engineer born in Jordan but originally from Palestine, was handed the document by staff at the government department after completing the purchase of his new home in the Hidd Al Saadiyat development, for which he paid Dh10.8 million including … Read more ›

Henry Wiltshire are pleased to have been appointed exclusive agents for The Residence at St. Regis Resort, Saadiyat Island.

Find out more about this impressive resort and arrange a priority tour.

For the last two weeks, Dubai resident Melanie Swan has been looking for a home to rent. She has a clear idea about what she wants: A three-bedroom villa in a quiet and peaceful community, preferably in the Ranches or the areas around it. Interestingly, her search for her dream home has thrown up challenges along the way – from fake listings to colluding agents, to time wasted by landlords who have listed their properties with multiple brokers, creating a … Read more ›

Abu Dhabi’s government has made changes to real estate laws allowing foreigners to own freehold property in designated zones to increase foreign direct investment and boost the economy.

“The modernisation of the real estate law reflects the government vision to support and develop the business environment in Abu Dhabi, along with the development of investor services and procedures,” said Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Until the changes, ownership of property … 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.