Henry Wiltshire’s premium Mamsha apartment features in The National

11 October 2020

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 is showcasing some of the best homes on offer with its Property of the Week. This week, we take a look at a three-bedroom apartment at Mamsha Al Saadiyat, a development by Aldar Properties.

The key details
Located in the Cultural District of the capital’s sought-after Saadiyat Island, this three-bedroom apartment is within walking distance … Read more ›

Property market surges – shortage of certain property types

16 September 2020

Despite a downward trend in property prices, sentiments in Dubai’s real estate sector are high owing to the recent developments in UAE-Israel relationships and pent-up demand over the last few months leading to an uptick in sales. The historic UAE-Israel peace deal was signed in Washington yesterday and this will play a positive role in attracting investments in real estate, say industry experts.

Andrew Cummings, co-founder and managing director of luxuryproperty.com says both the UAE and Israel share many synergies. The … Read more ›

Good news for Abu Dhabi Property market with strong results from Aldar

17 August 2020

Aldar Properties, Abu Dhabi’s biggest listed developer, reported a 2 per cent jump in its second-quarter net profit as the company recorded higher revenue, despite restrictions to contain the spread of Covid-19.

Net profit attributable to owners of the company for the three months ending June 30 rose to Dh484 million, the company said in a statement to Abu Dhabi Securities Exchange where its shares trade. Revenue climbed 21 per cent to Dh2 billion during the period driven by “robust demand for its … Read more ›

UAE property market inviting to international investors

11 August 2020

Dubai’s property market became more competitive globally, as prime residential property capital values declined 3 per cent in the first half of 2020, while Seoul recorded the biggest price rise in the same period, Savills said.

Global prime residential prices fell 0.5 per cent due to the immediate impact of the Covid-19 pandemic and subsequent shutdowns that disrupted real estate markets, Savills’ latest Prime Residential World Cities Index report found.

“Global uncertainty was already weighing on prime residential markets in 2019, with modest falls … Read more ›

Abu Dhabi property market powers on!

06 August 2020

The number of new building licences in Abu Dhabi surged 20 per cent in the first half of this year, as developers in the emirate continue to press on with their projects despite the coronavirus pandemic-driven slowdown.

The Department of Municipalities and Transport (DMT) in Abu Dhabi issued 4,426 commercial, residential and government building permits during the first six months of the year, it said on Wednesday.

The DMT also approved four major development projects in the emirate, including Aldar Properties’ Dh8 … Read more ›

Luxury UAE property selling fast

17 June 2020

The luxury sales and rental market in Dubai is the busiest it has been in years, say brokers, who feel that the pandemic has made high-net-worth individuals put a new emphasis on buying comfortable homes. “We are witnessing a huge shift in the market with a big uptick in activity in villa communities. There has been particularly high demand in areas like the Palm Jumeirah, which offers a perfect beach retreat, Al Barari, which affords residents large built-up areas and … Read more ›