Positive news for Abu Dhabi and wider UAE economy

05 February 2019

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 ›

Super banking merger moves ahead!

30 January 2019

The boards of Abu Dhabi Commercial Bank and Union National Bank have agreed to a merger to create an entity that will take over Al Hilal Bank and become the third largest lender in the UAE.

The merged entity will have an asset base of Dh420 billion, the lenders said in a joint statement on Tuesday to the Abu Dhabi bourse, where ADCB and UNB shares are traded.

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the … Read more ›

Encouraging outlook for UAE real estate

06 January 2019

While the pace of new project launches eased last year as developers adopted a more cautious approach in response to market conditions, the outlook for 2019 is “encouraging”, a new report from property services firm Asteco found.

According to Asteco’s UAE Real Estate Report Q4 2018, transactional volumes and values declined across all sectors and emirates, although a number of government initiatives, including residency visa changes and 100 per cent ownership of companies outside free zones, will have a positive effect … Read more ›

Miral invests Dh6.2 billion in Yas Island

20 December 2018

Abu Dhabi: Abu Dhabi-based Miral is currently undertaking projects worth Dh6.2 billion on Yas Island to boost tourism and attract more visitors to the island, the company’s chief executive officer said on Tuesday.
“We want Yas Island to be top 10 family destination by 2022. We want to have enough attractions and facilities for families to enjoy the time on the island,” said Mohammad Al Zaabi speaking to reporters in Abu Dhabi.
The privately owned company supported by Abu Dhabi … Read more ›

Henry Wiltshire International Abu Dhabi are proud winners of the award

19 December 2018

Since we launched 12 years ago, we have sought to promote best practices in the real estate industry in order to help consumers find the right property from the most relevant and leading real estate professionals. We’ve achieved this by introducing industry-leading initiatives, such as Verified Listings, Agent specific searches, and a Quality Control department that monitors agent conduct, among other practices.

Last week, we honoured the real estate elite at our fifth annual Property Finder Real Estate Awards ceremony and gala dinner, … Read more ›

Interesting & clever angle using artificial intelligence by Propertyfinder – UAE’s real estate portal

28 November 2018

Middle East real estate portal Property Finder Group targets up to 50 per cent annual growth in revenues and website users in the near term, as it invests in new staff and technology after clinching $120 million (Dh440.7m) in its latest funding round, announced on Monday.

The Dubai-based company, which has operations across eight markets in the Middle East and North Africa, is also open to acquisitions, after investing in a Turkish firm last year, and may consider an initial public … Read more ›