Interest in Abu Dhabi real estate heats up with new REIT launched

16 January 2020

Abu Dhabi-based clean energy firm Masdar is introducing the UAE’s first “green” real estate investment trust (Reit) with a value of up to Dh1 billion, giving investors a chance to invest in a portfolio of income-yielding properties with lower carbon footprint.

Masdar, a subsidiary of Abu Dhabi’s strategic investment arm Mubadala Investment Company, launched the Reit during the Abu Dhabi Sustainability Week. The investment vehicle will initially include four commercial properties within Masdar City, the sustainable urban community in Abu Dhabi … Read more ›

Sunny outlook for UAE real estate market for 2020 and beyond

07 January 2020

The UAE property market is expected to pick up this year on the back of new government policies and the Expo 2020 Dubai event, according to analysts.

The real estate market has endured five years of declining prices following a drop in oil prices that began in 2014, as well as ongoing concerns about an oversupply of properties. Dubai sales prices were 7 per cent lower, year on year, for apartments and 9 per cent lower for villas in the third quarter of 2019, according to … Read more ›

Looking to move to Abu Dhabi?

04 December 2019

Abu Dhabi ranked in the top 15 out of 82 expatriate cities in the world for the third year in a row, a survey from global network InterNations on the best destinations to live and work abroad found.

The list was dominated by Asian cities, with Taipei in Taiwan leading the ranking for the second year in a row followed by Kuala Lumpur in Malaysia, Ho Chi Minh City in Vietnam and Singapore, according to the Expat Insider 2019 study published on Tuesday. … Read more ›

Saadiyat Grove new destination development officially launched on Saadiyat Island

26 November 2019

ABU DHABI: Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, on Monday launched Saadiyat Grove, an Dh8 billion inclusive community located in the heart of Abu Dhabi’s Cultural District on Saadiyat Island and developed by Aldar Properties.
Sheikh Khalid visited the Saadiyat Grove Experience Centre at Mamsha Al Saadiyat and viewed the designs and the master plan of the 242,000 square metre development, accompanied by … Read more ›

Abu Dhabi property market powers ahead

13 November 2019

Abu Dhabi’s Aldar Properties is on track to achieve Dh4 billion in off-plan sales and generate Dh1.7bn in net operating income from its asset management business this year, said the company as it reported a rise in third-quarter revenues.

The year-to-date off-plan sales climbed to Dh3bn and “we feel very confident that it will be fulfilled. So we are not changing that [guidance] through the fourth quarter,” said Greg Fewer, chief financial officer of Aldar.

“Both those guidances represent significant growth on where we … Read more ›

Abu Dhabi property market moving in a positive direction

29 October 2019

Property sales prices in Abu Dhabi have taken a positive turn with the prices either holding steady or slightly increasing during the third quarter of 2019.

Bayut’s latest market report shows that the Abu Dhabi real estate market offers healthy conditions for home buyers and investors after the opening of key investments zones for freehold expat property ownership.

During Q3, neighbourhoods like Al Reem Island, Al Raha Beach, Al Reef and Saadiyat Island dominated the investment sector while established suburbs such as … Read more ›