logo
Strong appetite for property ownership in UAE: Survey

Strong appetite for property ownership in UAE: Survey

Al Etihad24-07-2025
24 July 2025 21:48
A. SREENIVASA REDDY (ABU DHABI)A recent survey has found that there is a strong and sustained appetite for property ownership in the UAE.Nearly three in four respondents (72%) in May indicated plans to purchase property within the next six months. This momentum continued into June, with 69% maintaining their buying intent—signalling consistent underlying demand.The survey, titled PF Market Pulse, has been launched by Property Finder, a leading real estate portal, as a bi-monthly barometer of consumer sentiment. Over 13,000 unique respondents participated in the inaugural edition, offering insight into the mindset of both buyers and sellers.Expectations around pricing shifted over the two-month period. In May 2025, buyers were fairly divided: 37% believed prices would fall, 34% anticipated increases, and 29% expected stability. By June, a growing number of buyers were expecting a market correction, with 44% predicting a price drop, 30% expecting increases, and 26% forecasting no major change.This shift suggests a growing perception that the recent price surges may be softening—an indication of a more mature and considered outlook among home seekers as the market continues to evolve.
'The results not only highlight a resilient appetite for home ownership in the UAE, but also reflect a more informed, confident buyer that's increasingly responsive to market signals,' said Sevgi Gur, Chief Marketing Officer at Property Finder.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Abu Dhabi: IndiGo passengers can now check in at city terminals
Abu Dhabi: IndiGo passengers can now check in at city terminals

Al Etihad

time3 hours ago

  • Al Etihad

Abu Dhabi: IndiGo passengers can now check in at city terminals

11 Aug 2025 13:39 A. SREENIVASA REDDY (ABU DHABI)Few residents are aware that they can check in their baggage and collect boarding passes a day before travel at several city terminals in Abu Dhabi, allowing them to head to Zayed International Airport luggage-free. This also means they can comfortably use public transport without being burdened by Aviation Services offers the facility at four locations across the emirate. The Mina Cruise Terminal operates around the clock, while the Yas Mall terminal—located at the Ferrari World entrance—is open from 10am to 10pm. The Mussafah Shabia 11 terminal also operates from 10am to 10pm, as does the LuLu Hypermarket terminal in Kuwaitat, Al the service is available to passengers flying with Etihad Airways, Air Arabia Abu Dhabi, IndiGo and EgyptAir. Check-in and boarding pass charges are Dh35 for adults, Dh25 for children and Dh15 for infants, a Morafiq spokesperson told can check in at the three Abu Dhabi terminals from 24 hours up to 4 hours before departure, while at the Al Ain terminal, check-in is available from 24 hours up to 7 hours before departure, the spokesman said. There are ample parking facilities at all the checkin terminals, he added. IndiGo, India's largest airline, is the latest addition to Morafiq's partner the occasion, Titten Yohannan, Chairman of Morafiq Aviation Services LLC and OACIS Middle East, said: 'We are delighted to welcome IndiGo to our growing portfolio of partner carriers. In our continuous endeavour to make air travel seamless and convenient, this partnership reflects our shared commitment to innovation, efficiency and customer satisfaction.'With the addition of IndiGo, Morafiq continues to expand its presence in the aviation services sector, offering advanced solutions that support airline partners and enhance the passenger experience. Morafiq Aviation Services, a wholly owned subsidiary of OACIS (Off Airport Check-in Solutions), is a leading provider of off-airport and aviation-related services across the GCC and Asia-Pacific regions.

XRG consortium granted two-week extension to complete due diligence in Santos acquisition bid
XRG consortium granted two-week extension to complete due diligence in Santos acquisition bid

Al Etihad

time3 hours ago

  • Al Etihad

XRG consortium granted two-week extension to complete due diligence in Santos acquisition bid

11 Aug 2025 13:11 A. SREENIVASA REDDY (ABU DHABI) The XRG-led consortium, which initiated a bid to acquire 100% of Santos, a leading Australian oil and gas producer, has been granted an additional two weeks to complete its due diligence, Santos said in a statement.'The XRG Consortium has now substantially completed due diligence in relation to the bid,' the statement added.'The XRG Consortium has confirmed it has not discovered anything to date that would cause it to withdraw its proposal and has confirmed its commitment to working constructively with Santos to complete the due diligence promptly and agree on a binding transaction,' Santos said. The company has consented to an extension until August 22 to enable the consortium to finalise due XRG consortium consists of XRG; a subsidiary of the Abu Dhabi National Oil Company (ADNOC); Abu Dhabi Development Holding Company, a sovereign wealth fund of Abu Dhabi; and US-based investment firm June 13, the consortium submitted a non-binding, indicative proposal to acquire all outstanding Santos shares at $5.76 per share, valuing the company at approximately $18.72 billion. The offer represented a 28% premium to Santos' closing share price at the the six-week due diligence period, the consortium was permitted to review confidential financial, operational, legal and strategic information about Santos to assess the proposed acquisition. This period has now been extended by two its proposal statement, the consortium said it aims to build on Santos' legacy as a trusted and reliable energy producer, while unlocking additional gas supply for customers and enhancing domestic and international energy security. 'The proposed transaction is aligned with XRG's strategy and ambition to build a leading integrated global gas and LNG business,' it said. JP Morgan is acting as financial adviser to the XRG consortium, with Linklaters and Allens as legal advisers. For Santos, Goldman Sachs and JB North & Co are acting as financial advisers, Rothschild & Co is serving as independent board adviser, and Herbert Smith Freehills Kramer is legal counsel.

AIQ and SLB to deploy Agentic AI across ADNOC's subsurface operations
AIQ and SLB to deploy Agentic AI across ADNOC's subsurface operations

Al Etihad

time3 days ago

  • Al Etihad

AIQ and SLB to deploy Agentic AI across ADNOC's subsurface operations

8 Aug 2025 19:41 A. SREENIVASA REDDY (ABU DHABI)Abu Dhabi's AI specialist AIQ and global energy technology firm SLB have announced a strategic collaboration to accelerate the development and deployment of the ENERGYai agentic AI solution across ADNOC's subsurface operations. This was announced in a joint statement by both the companies. ENERGYai, developed by AIQ in partnership with ADNOC experts and leading technology providers including G42 and Microsoft, merges large language models (LLMs) with advanced agentic AI customised for upstream energy workflows. In trial runs using only 15% of ADNOC's subsurface data from two fields, the platform's seismic AI agent achieved a tenfold increase in the speed of seismic interpretation and a 70% improvement in announcement builds on AIQ's $340 million contract with ADNOC, awarded in March 2025, to roll out ENERGYai and associated AI solutions across ADNOC's upstream operations over three years. The programme aims to automate complex tasks, reduce decision-making time, enhance productivity, and help ADNOC realise its vision of becoming the world's most AI-enabled energy company.'ADNOC is on a mission to become the world's most AI-enabled energy company by maximising the potential of AI to drive efficiency and value creation across our operations,' said Musabbeh Al Kaabi, CEO of ADNOC Upstream, at the time of awarding the contract. 'We look forward to working with AIQ to deploy ENERGYai across the upstream business, consolidating our position as a responsible and reliable supplier of energy to global markets.'The wide-scale deployment follows a successful proof-of-concept phase and will begin with five fully operational AI agents supporting key tasks in subsurface disciplines such as geology, seismic exploration, and reservoir modelling. These agents will be embedded across several ADNOC assets starting Q4 2025, with plans to scale to thousands of wells across 28 producing fields.'This AIQ-SLB partnership reflects our vision to harness AI for energy optimisation, and we are enthusiastic that SLB shares this outlook,' said Dennis Jol, CEO of AIQ. 'The collaboration enables the development of sophisticated AI workflows that integrate seamlessly with ADNOC's infrastructure, driving efficiency, scalability, and innovation at every stage of the energy lifecycle.'The collaboration will be powered by SLB's Lumi™ data and AI platform, which supports seamless data access, workflow integration, and scalable deployment. SLB now joins Microsoft and G42 as key implementation partners in the ENERGYai initiative.'Our collaborations with AIQ have already delivered innovative solutions, and now we are supporting the foundation for the next era of intelligent energy operations,' said Rakesh Jaggi, President of Digital & Integration at SLB. 'This agentic AI solution is set to drive long-term value and operational resilience across ADNOC's energy value chain.'This partnership follows a previous agreement in March 2025, where AIQ and SLB collaborated to integrate SLB's Agora™ edge AI and IoT solutions with AIQ's autonomous well control tools to boost upstream efficiency, reduce emissions, and improve worker ENERGYai platform is being positioned as a transformative digital tool for ADNOC's sustainability goals, helping reduce carbon intensity and operational costs while accelerating data-driven decision-making across one of the world's largest upstream portfolios. AIQ is an Abu Dhabi based AI joint venture between ADNOC and Presight, a G42 company. SLB, based in Houston, Texas, US is a global technology company serving the energy sector, with operations in more than 100 countries.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store