Abu Dhabi – As part of the emirate’s efforts in boosting transparency and further property investments, a new batch of 14 mediators have remotely taken an oath before Abu Dhabi Judicial Department under-secretary Yousef Saeed Al Ebri and Department of Municipalities and Transport under-secretary Abdullah Al Sahi.

The oathtaking was made in reference to the second batch of qualified Abu Dhabi real estate conciliators approved by Sheikh Mansour bin Zayed who are all certified and have passed the basic training program … Read more ›

Abu Dhabi residential communities have seen an increase in sales prices following higher demand in key areas as the country recovers from the repercussions of the recent pandemic.

According to Propertyfinder, the average sales listing price for an apartment in the emirate jumped from AED 1.15M as recorded in January to AED 1.3M in July, while villa / townhouse sales listing price went from AED 4.1M in January to AED 4.57M in July.

“In Abu Dhabi there is an undersupply of villas, … Read more ›

Abu Dhabi – Yas Creative Hub, the first industry-specific hub in GCC for media, entertainment, and gaming, is set to house Twofour54 Abu Dhabi, the capital’s media free zone, by Q4 this year.

Media and gaming giants CNN, Ubisoft and Unity Technologies have already confirmed to join, and more than 600 companies are expected to follow suit.

The megaproject spreads over 2.9 million sq.ft. (270,000 sq.m) and 16,000 + professionals will relocate to the new campus by 2031, three times as many … Read more ›

UAE: The Ministry of Human Resources and Emiratisation announced last week that private sectors in the country shall get four days holiday, starting from 19th July to 22nd July.

The said holiday is in celebration of Eid Al Adha which will start on 9th Dhu Al Hijjah (Day of Arafat), falling on Monday, 19th July, and will end on Thursday, 22nd July, following the Islamic calendar. The celebration will be paid holidays for all workers in private sectors, institutions and companies … Read more ›

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 ›