Introduction to Abu Dhabi's New Rental Index Abu Dhabi's real estate market has taken a notable step towards transparency by introducing its first rental index. This initiative aims to provide a transparent and comprehensive view of rental prices across the city, encouraging a more informed marketplace for landlords and tenants. The Importance of Market Transparency Market...
Abu Dhabi experienced an exceptional surge in its real estate market in 2023, with transaction values skyrocketing to AED 87.1 billion ($23.7 billion), marking a massive 159.5% enhancement from the year prior. The volume of trades, including purchases, sales, and mortgages across the sector, saw an uplift of 12.2%. The total number of transactions concluded reached 22,751,...
The UAE (United Arab Emirates) and China will manufacture electric planes and passenger drones also called air taxis in Abu Dhabi. In addition, Monarch Holdings and Ehang Holdings plan to manufacture facilities that develop and operate eco-friendly aircraft and drones that can carry passengers and cargo for the first time in the Middle East and North Africa (MENA) region. The...
A fabulous new $3.5 billion island project has officially launched within Abu Dhabi Ramhan Islands. It is a project by Mohamed Alabbar and was announced by Arabian Business last month. The initiative comes after Mr Alabbar recently launched the $2.5 billion Marina and Durres Yacht Club in Albania. Read More: Saudi Arabia Allows Foreigners to Buy Property Across the...