In 2020, a number of measures to support the nation were implemented by the Abu Dhabi government in order to stimulate and raise the declining real estate market.

These initiatives had helped retain public confidence in the sector and had led to further demand, boosting interest.

About 1,700 apartments and 50 villas were recorded by Asteco to have been delivered in the first quarter of 2021, with 11,600 additional residential stocks (11,000 apartments and 600 villas) expected to enter the fast-paced market … Read more ›

The onset of the COVID-19 pandemic in 2020 has the UAE and the rest of the world in a downward economic spiral.

Educational institutions have shut down, the workforce was mainly made to work from home, the ports and borders were momentarily closed, and a number of people have lost their jobs.

With the whole world drawing a blank on how to face such a global crisis, the UAE government was quick to act and combat this drawback: PCR tests were readily … Read more ›

Abu Dhabi, UAE: Aldar Properties (‘Aldar’), Abu Dhabi’s leading developer, has announced the launch of the second phase of its Al Gurm development project, an exclusive and self-sustaining waterfront community situated on the South-West side of the capital’s mainland. The beach facing land plots which form archipelago-style islands are exclusive for purchase by UAE nationals.

A total of 71 new plots ranging from 900 to 4,400 sqm are spread over the distinct areas: The Beach, The Canal … Read more ›

There is no doubt that the UAE is home to some spectacular properties. From penthouse apartments to plush villas with sprawling gardens and incredible pools, it’s a real estate haven.

Each week, The National showcases some of the finest homes on offer in its Property of the Week. Here, we take a look at a podium villa at Al Zeina in the Al Raha Beach development in Abu Dhabi.

The key details

This corner property is located in a central position within the popular Al … Read more ›

Dubai: Al Reem Island was the top real estate investment spot in Abu Dhabi in the first three months, recording Dh1.6 billion of the overall Dh11.5 billion in transactions recorded by the emirate.
The other top spots were Abu Dhabi Island (with Dh907 million), Yas Island (Dh649 million) Saadiyat Island (Dh446 million), Khalifa City (Dh225 million), and Al Raha Beach (Dh196 million).
The value of real estate transactions came to around Dh5 billion, from 1,755 transactions, while the value of … Read more ›

The number of property transactions and value of deals in Dubai rose 15.6 per cent and 10.6 per cent respectively in February compared with January, indicating a recovery is under way in the local real estate market.

The emirate’s residential sector recorded 3,814 transactions worth Dh7.43 billion ($2bn) last month, according to Data Finder, the real estate insights and data platform under the Property Finder group.

This brings the year-to-date total to 7,109 transactions worth Dh14.16bn.

“During the pandemic, it was very clear … Read more ›