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The Construction Cost Index, CCI, decreased by 0.8% in the first quarter of 2019 compared with the first quarter of 2018, Statistics Centre – Abu Dhabi, SACD, said in its first quarter CCI report on tower buildings projects. The index decreased from 99.0% in the first quarter of 2018 to 98.1% in the first quarter …
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Aldar Properties has reported a 20 percent year on year increase in revenue to AED1.76 billion in the first quarter of 2019. Abu Dhabi-based the developer said that sales totalled AED1 billion ($272 million) in the first quarter of 2019, up 49 percent, driven by the successful launch of Alreeman. The company reported continued sale …
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The Department of Urban Planning and Municipalities (DPM), has signed a MoU to promote economic growth in the UAE and encourage real estate investment through collective ownership. The agreement was signed by Mohamed Al Khadar Al Ahmed Executive Director – Strategic Affairs Sector of the DPM, and Siddiq Farid, CEO and Founder of Smart Crowd …
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Abu Dhabi’s government announced that the contribution of the building and construction sector to the emirate’s foreign direct investment (FDI) surged five percent last year to hit Dh6 billion ($1.6 billion). According to senior economic official, activities of the real estate sector in the emirate grew at constant prices by one percent in 2018, making …
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Real estate developers in Abu Dhabi need to be careful not to affect the demand supply balance otherwise everyone will stand to lose, according to Mubadala Investment Company. Ali Eid Al Mheiri, executive director of Real Estate and Infrastructure at Mubadala, said, “A developer should ensure a right balance between supply and demand. At the …
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According to the industry experts ahead of Cityscape Abu Dhabi property expo, the recent correction in Abu Dhabi’s real estate sector has resulted in a buyers’ market where investor sentiment is high following pro active government incentives. A leading regional real estate industry event runs at the Abu Dhabi National Exhibition Centre (Adnec) from April …
Continue reading “Buyer prefer Abu Dhabi’s real estate market”
Abu Dhabi real estate market activity was likely to remain subdued during the first half of 2019, according to Cavendish Maxwell. The real estate market faced key challenges last year and with flight to quality and market corrections continuing this year. Cavendish Maxwell said that residential sector prices continued to decrease, with villa/townhouses now costing, …
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twofour54, Abu Dhabi’s thriving media and entertainment free zone, has appointed Aldar Properties, Abu Dhabi’s leading listed property development, investment and management company, as the strategic real estate partner of the Media Zone Authority, to be the developer of its new, permanent home which will be situated on Yas Island. The agreement was signed in …
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Redefining waterfront living, Al Hadeel is spectacularly designed, drawing inspiration from its premium address with a majority of homes overlooking the azure open water, Al Hadeel offers a choice of residential units including studios, 1-3 bedroom apartments and even spectacular 3-5 bedroom townhouses and duplexes. Al Hadeel has urban conveniences on one hand, the serenity …
Continue reading “Al Hadeel sits on the seafront of Al Raha Beach,Abu Dhabi”
Aldar Properties PJSC, Abu Dhabi listed property development, investment and management company, has announced that public sales for the third phase of Yas Acres, Aldar’s AED 6 billion flagship golf and waterfront villa development on Yas Island, will commence on 4th October at the Aldar Sales Centre on Yas Island. This phase, consisting of 260 …
