Launched in May 2022 with a fleet of eight TXAI self-driving vehicles and four mini Robobuses released in June, the Integrated Transport Centre (ITC), of the Department of Municipalities and Transport (DMT) has reported the commencement of phase two of the Smart Mobility Project on Yas and Saadiyat Islands.

15 new charging stations were added in October across Yas and Saadiyat Islands and the Autonomous Rapid Transit (ART) has begun operation in November, prior to the Formula 1 Etihad Airways Grand … Read more ›

The prestigious real estate awards held on 10th November 2022 at the Armani Hotel, Burj Khalifa, Dubai, was attended by over 400 industry professionals.

The night was hosted by Property Finder, a leading property portal in the UAE, to celebrate agencies and individuals who made a difference and contributed to the growth and development of the Abu Dhabi real estate sector for 2022.

Henry Wiltshire bagged two major awards for the Abu Dhabi Boutique category – House of SuperAgents and the Quality … Read more ›

Dubai: With regard to the marketing of properties in Dubai, the Dubai Land Department (DLD) reported that only up to three permits will be issued and used to market or list one property.

Consequently, a maximum of three agents will be eligible, eliminating the myriad of fake, inaccurate and outdated listings starting 1st October.

Furthermore, once a property is sold, it is mandatory to immediately remove all promotional and advertising materials related to it as an agent cannot use an expired permit … Read more ›

Landlords receiving multiple rental cheques will soon be a thing of the past as the UAE gears up for a process of direct debit from tenants’ bank accounts for their annual leasing payments.

Earlier this month, the Dubai Land Department affirmed its agreement with Emirates NBD to play a part in the process. Currently, big developer-landlords are charging an additional fee for tenants wanting to do direct debit. The shift, which also highlights a support for the UAE de-criminalising most aspects … Read more ›

The Department of Culture and Tourism in Abu Dhabi confirms the development of the fourth museum in Saadiyat Island, the Natural History Museum Abu Dhabi, after Louvre Museum, Zayed National Museum and Guggenheim Abu Dhabi.

The museum designed by architecture firm Mecanoo will cover more than 35,000 square metres, housing a scientific research centre, encompassing studies in zoology, paleontology, marine biology, molecular research and earth sciences when completed at the end of 2025. It aims to provide advance knowledge by increasing … Read more ›

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 ›