Latest news with #AbuDhabiMunicipality
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Abu Dhabi residential market shows resilience amid supply constraints
Average real estate sales rates across the Abu Dhabi market rose to Dh16,200 per sqm in Q1 2025 from Dh14,100 per sqm in Q1 2024, representing a 13.4 per cent year-on-year increase, a report showed on Tuesday. According to Savills' latest Abu Dhabi Residential Market in Minutes – Q1 2025 report, the share of ready property transactions grew to 68 per cent, compared to 44 per cent in 2024 and 25 per cent in 2023, indicating stronger demand for move-in ready stock. The report reveals that while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8 per cent GDP increase in 2024, with the UAE's economy forecast to grow by 4.7 per cent in 2025, according to Oxford Economics. The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39 per cent year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. In the villa segment, capital values increased by seven per cent on Al Reef, 10 per cent on Yas Island, and 26 per cent on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22 per cent, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63 per cent of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, said: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities.
Arabian Business
27-05-2025
- Business
- Arabian Business
Abu Dhabi real estate transactions fall, prices rise; best-performing areas in Q1 revealed
Abu Dhabi residential real estate transaction volume fell by almost 40 per cent, but prices increased in Q1 2025, according to the Savills Abu Dhabi Residential Market in Minutes – Q1 2025 report. The Savills research shows that, while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8 per cent GDP increase in 2024, with the UAE's economy forecast to grow by 4.7 per cent in 2025, according to Oxford Economics. Abu Dhabi real estate supply The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39 per cent year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. Average sales rates across the market rose from AED14,100 ($3,840) per sqm in Q1 2024 to AED16,200 ($4,410) per sqm in Q1 2025, representing a 13.4 per cent year-on-year increase. The share of ready property transactions grew to 68 per cent, compared to 44 per cent in 2024 and 25 per cent in 2023, indicating stronger demand for move-in ready stock. In the villa segment, capital values increased by 7 per cent on Al Reef, 10 per cent on Yas Island, and 26 per cent on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22 per cent, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63 per cent of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, said: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities.
Zawya
27-05-2025
- Business
- Zawya
Abu Dhabi residential market shows resilience amid supply constraints, reports Savills
Savills latest Abu Dhabi Residential Market in Minutes – Q1 2025 reveals that while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8% GDP increase in 2024, with the UAE's economy forecast to grow by 4.7% in 2025, according to Oxford Economics. The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39% year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. Average sales rates across the market rose from AED 14,100 per sqm in Q1 2024 to AED 16,200 per sqm in Q1 2025, representing a 13.4% year-on-year increase. The share of ready property transactions grew to 68%, compared to 44% in 2024 and 25% in 2023, indicating stronger demand for move-in ready stock. In the villa segment, capital values increased by 7% on Al Reef, 10% on Yas Island, and 26% on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22%, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63% of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, commented: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities. Read the complete findings of the reports here: Abu Dhabi Residential Market Q1 2025 Report About Savills Middle East: Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt, and Saudi Arabia. Expertise includes property management, residential and commercial agency services, property and business assets valuation, and investment and development advisory. Originally founded in the UK in 1855, Savills has an international network of over 700 offices and associates employing over 40,000 people across the Americas, UK, Europe, Asia Pacific, Africa, and the Middle East. For further information, please contact: Savills press office:
Gulf News
04-05-2025
- General
- Gulf News
UAE: Abu Dhabi issues warning over unauthorised flyers and posters — fines up to Dh4,000
Abu Dhabi authorities have issued a stern warning against the unauthorised posting of flyers and posters in public spaces, with fines of up to Dh4,000 for violators. This measure is part of ongoing efforts to preserve the city's aesthetic appeal and prevent the defacement of public areas. In a recent statement on social media, the Abu Dhabi Department of Municipalities and Transport (DMT) reinforced that placing printed or written materials in public spaces without prior approval is strictly prohibited. The DMT is actively enforcing Law No. 2 of 2012, which aims to protect the city's cleanliness, visual appeal, and public safety. According to Clause No. 56, placing materials on parked vehicles, poles, or any public structure requires explicit authorisation. Public awareness drive It's advisable for individuals and businesses looking to display any form of public notices or advertisements in Abu Dhabi to seek official approvals to avoid these hefty fines. This likely involves contacting the Abu Dhabi Municipality or the relevant department to understand the regulations and obtain the necessary permits. As part of its ongoing awareness efforts, the DMT is urging residents to keep residential alleys, public walkways, and commercial areas clean. Littering or dumping waste in non-designated spaces—such as sidewalks or between buildings—is a violation of municipal law and poses health risks. Residents are encouraged to report violations and help clear shared spaces to support hygiene and maintain the emirate's image. New rules on rooftop and balcony storage In a related initiative, the DMT has issued new regulations targeting the improper use of rooftops and balconies. Storing materials in a way that disrupts the building's visual appeal or endangers public health is now punishable under the law. Fines for violations: Dh500 for the first offence Dh1,000 for the second Dh2,000 for third and repeat offences The department specifically warned against storing disused furniture, construction debris, or general clutter, which can damage Abu Dhabi's image and pose safety hazards. Inspections and enforcement underway To ensure compliance, DMT teams are conducting citywide inspections across Abu Dhabi and its suburbs. The department has called on residents, businesses, and property owners to follow the regulations and help uphold the capital's high standards of cleanliness and order.
ME Construction
03-04-2025
- Business
- ME Construction
Miral, ADM and ALEC plant 300 trees at Al Masar Park in Khalifa City
Industry News Miral, ADM and ALEC plant 300 trees at Al Masar Park in Khalifa City By As part of this initiative, participants engaged in a tree-planting activity, planting 200 Ghaf trees, 50 Delonix regia, and 50 Azadirachta indica Miral partnered with Abu Dhabi Municipality (ADM) and ALEC to plant 300 trees at Al Masar Park in Khalifa City. This initiative concludes Miral's 'Planting Roots for a Sustainable Future' campaign, as part of its Group CSR Strategy, which focuses on environmental protection. This initiative aligns with the 'Year of Community' initiative, bringing together over 200 attendees, including employees from Miral and ALEC, and 80 school students from Yasmina British Academy and Yas American Academy. As part of this initiative, participants engaged in a tree-planting activity, planting 200 Ghaf trees, 50 Delonix regia (Flame trees), and 50 Azadirachta indica (Neem tree/Indian lilac). Through this they not only raised awareness about environmental conservation but also contributed to creating a greener future. They gained insights into the ecological and cultural significance of Ghaf trees. These trees hold importance in sustaining the region's ecosystem, playing a crucial role in environmental preservation, said a statement. 'Our vision is to shape world-class destinations that not only redefine experiences but also contribute meaningfully to a sustainable future for our community,' said Taghrid AlSaeed, Executive Director of Marketing, Communications & Events at Miral. 'Planting these trees including the Ghaf trees, a symbol of resilience and heritage in the UAE, represents our long-term commitment to environmental protection and creating a greener future. By partnering with Abu Dhabi Municipality (ADM) and ALEC, we hope to inspire upcoming generations to become champions of sustainability and environmental care, fostering a sense of collective ownership in creating a healthier and vibrant environment for all.' Salma Al Mansouri, Director of Al Tawajud Al Baladi – Khalifa, reaffirmed Abu Dhabi Municipality's commitment to support events and initiatives that contribute to improving the quality of life for individuals in the UAE. She shed light on how the initiative aligns with the objectives of the 'Plant the Emirates' National Programme that was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, which aims to enhance agricultural development, increase national food security, and expand green spaces. Al Mansouri emphasised Abu Dhabi Municipality's keenness to collaborate with the private sector to support efforts in environmental protection and the sustainability of green areas in the emirate. 'At ALEC, sustainability isn't just a principle – it's part of how we build. Partnering with Miral and Abu Dhabi Municipality on the 'Planting Roots for a Sustainable Future' initiative is a meaningful way for us to give back to the communities we help shape. Planting resilient tree species like the Ghaf—a symbol of endurance and heritage in the UAE—reflects our commitment to nurturing ecosystems and creating a lasting environmental legacy. Together, we're not just planting trees; we're fostering a culture of sustainability that will inspire future generations and help ensure a greener, more vibrant Abu Dhabi for years to come,' commented Dewald Smith, Senior Project Manager at ALEC. The Ghaf tree was recognised as the national tree of the UAE in 2008, showcasing resilience, endurance, and adaptability. Miral's 'Planting Roots for a Sustainable Future' initiative reflects its commitment to creating long-term value for the UAE, while prioritising economic growth, environmental responsibility, and community well-being within its CSR strategy.
