Abu Dhabi property market update

11 June 2020

Residents across the UAE have faced difficult financial decisions in recent months amid the upheaval caused by the coronavirus pandemic.

Among them is whether they could save on what is likely to be the biggest expense in their budget – rent.

But has the market shifted enough to justify the cost of moving? Rents in Dubai and Abu Dhabi have been declining for the past few years on the back of lower oil prices and a property supply glut, although research showed … Read more ›

Is now the right time to apply for a UAE mortgage?

07 May 2020

When Fahmi received the handover notice for his villa on Abu Dhabi’s Yas Island in mid-March, he faced a difficult decision: sell the property or apply for a mortgage to cover the outstanding balance.

He looked into the rate over five years for a Dh2.5 million mortgage and found it to be expensive, costing “close to Dh180,000 in interest”.

Shortly thereafter, he came across a limited-time offer from the property developer Aldar through three lenders: a 1.99 per cent rate over five … Read more ›

Suspended – 2% Property Sales Registration/Transfer Fees, large cash savings on property purchases!

16 March 2020

The UAE has put together a plan to stimulate strategic investment sectors.

The country is pressing on with facilitating an environment that caters to attracting investment as it also proceeds with all approved capital expenditure and development projects, Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, said on Monday.

“I’ve given directives to continue with all approved capital expenditure and development projects in the emirate, and to take further measures to preserve Abu … Read more ›

Abu Dhabi market strengthens with increased sales transactions in 2019

12 March 2020

The total value of real estate transactions in Abu Dhabi reached Dh58 billion in 2019 as the emirate ramped up efforts to attract investors, the Department of Municipalities and Transport (DMT) said on Wednesday.

The department also said the total number of transactions in 2019 reached 19,000 with the value of real estate deals touching Dh20.6bn through 10,155 transactions, whereas the value of mortgage deals reached Dh37.4bn through 8,663 agreements. It did not provide comparative figures for the previous year.

“The number … 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 ›