Latest news with #AlOmaira
Al Etihad
13-05-2025
- Business
- Al Etihad
Aldar sells 'Mamsha Gardens' building to 'GAW Capital Partners' for Dh586 million
13 May 2025 14:37 ABU DHABI (WAM)Aldar Properties has completed the sale of a residential building at Mamsha Gardens to Hong Kong-based real estate private equity firm GAW Capital Partners for Dh586 GAW Capital's first investment in the UAE, the transaction underscores the growing international appeal of Abu Dhabi's property market, the Saadiyat Cultural District, and Aldar's residential within Saadiyat Cultural District, the building, one of seven within the Mamsha Gardens development, comprises 71 apartments and townhouses with a total sellable area exceeding 16,000 square interest from Asia-based investors highlights the strong demand for Abu Dhabi real estate amongst international buyers, supported by Aldar's sustained engagement with this investor base to showcase high-quality developments, attractive investment opportunities, and refined customer from China and Hong Kong accounted for Dh1.5 billion of Aldar's total UAE development sales in 2024, representing more than a 30-fold increase compared to strong momentum continued into the first quarter of 2025, with Dh1.3 billion in sales already recorded. This sharp acceleration reflects rising demand from both overseas and resident Chinese and Hong Kong buyers, and underscores Abu Dhabi's increasing appeal to a strategically important and emerging segment of international Al Omaira, Acting Director-General of Abu Dhabi Real Estate Centre (ADREC), commented, 'Abu Dhabi continues to strengthen its position as a preferred destination for international real estate investment, driven by a robust regulatory framework, economic stability, and a growing pipeline of high-quality assets. The entry of new global investors reflects the maturing landscape of the emirate's real estate sector and highlights the confidence in Abu Dhabi as a long-term, value-driven market.'Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said, 'This transaction underscores the strength of Aldar's development platform and the growing appeal of Abu Dhabi's increasingly mature real estate market to global investors - in the first quarter of 2025, 87 percent of Aldar's UAE sales came from international entry of Gaw Capital Partners, a leading Asia-based investor – making its first investment in the UAE – reflects Abu Dhabi's economic growth expectations and its status as a go-to investment destination, where value continues to be driven by robust economic fundamentals, attractive demographics and high-quality assets.'Christina Gaw, Managing Principal of Global Head of Capital Markets and Co-Chair of Alternative Investments at Gaw Capital Partners, said, 'This landmark investment reflects our positive view of the dynamic Middle East market, its potential for growth and innovation, and our trust in Aldar as a leading UAE developer. We are committed to leveraging our expertise to drive value creation and sustainable development in the region.' The transaction demonstrates Aldar's continued ability to partner with an increasingly diverse range of international players and attract international capital flows across its platform.
Zawya
24-04-2025
- Business
- Zawya
ADREC logs $6.89bln property transactions in Q1-25
The Abu Dhabi Real Estate Centre (ADREC), an affiliate of the Department of Municipalities and Transport, reported 34.50% year-on-year (YoY) higher property transactions at AED 25.30 billion in the first quarter (Q1) of 2025. The transactions were implemented over 6,896 deals, compared to AED 18.82 billion across 5,773 transactions in Q1-24, according to a press release. Buy and sell transactions jumped to AED 15.51 billion through 3,819 transactions in the first three months (3M) of 2025. Mortgage transactions hiked by 49% to AED 9.80 billion through 3,077 transactions. The report highlighted continued activity in foreign direct investment (FDI), with 384 transactions valued at AED 1.58 billion concluded by investors from 68 nationalities. Rashed Al Omaira, Acting Director General of ADREC, said: "ADREC continues to advance a more efficient, competitive, and sustainable real estate ecosystem, driven by digital transformation, reliable data, and continuous collaboration with strategic partners.' 'The notable growth in transaction value and volume, alongside the rise in foreign investment, underscores the effectiveness of our regulatory frameworks and reinforces investor confidence in the market,' Al Omaira stated. He added: "We will continue to enhance our legislative and digital tools and promote transparency to establish a more flexible and sustainable real estate environment aligned with Abu Dhabi's long-term vision."
Arabian Business
31-03-2025
- Business
- Arabian Business
UAE real estate: Abu Dhabi launches first regional multiple listing service platform
Abu Dhabi Real Estate Centre (ADREC) has announced the launch of Madhmoun, the region's first Multiple Listing Service (MLS) platform designed to transform property transactions through increased transparency and efficiency. The platform, whose name means 'verified' in Arabic, will provide a centralised solution for real estate practitioners, offering verified listings and real-time property updates. 'We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi. This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market,' Rashed Al Omaira, Acting Director General of ADREC said, according to a statement by the Abu Dhabi Media Office. View this post on Instagram A post shared by Abu Dhabi Real Estate Centre – مركز أبوظبي العقاري (@ Abu Dhabi launches Madhmoun: First MLS platform revolutionising real estate transactions The platform aims to address key market challenges by eliminating misleading advertisements and connecting Abu Dhabi's real estate market with international investors. Madhmoun promises substantial improvements in the property market. The platform is expected to increase property visibility by 70 per cent, boost broker productivity by 35 per cent, and reduce transaction time by 40 per cent. Every property listing will undergo thorough verification to ensure accuracy and reliability, providing users with the most current information about properties in the market. ADREC emphasised that Madhmoun is more than just an advertising platform. It is an internationally recognised system designed to elevate market standards and enable authentic advertising. 'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, ADREC is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub,' Al Omaira added. The innovative platform, offers a one-stop solution for real estate practitioners, developers, and buyers, and will help reduce listing fragmentation, increase global visibility, and provide users with access to the latest property data. By facilitating international exposure and creating opportunities for worldwide investors, Madhmoun is set to play a crucial role in transforming the regional real estate landscape.
The National
27-03-2025
- Business
- The National
Abu Dhabi unveils verified property listing platform to boost trust and combat misleading adverts
Abu Dhabi on Thursday set out plans for the launch of a unified property listing tool to boost 'trust and transparency' in an evolving housing market and combat misleading advertisements in the latest step to keep pace with a real estate sector boom. The Abu Dhabi Real Estate Centre said the multiple listing portal – called Madhmoun – would offer brokers, developers and buyers a 'reliable and centralised' platform for property transactions. Madhmoun – which means verified in Arabic – will provide verified listings, offers real-time updates about properties and enables authentic advertising to ensure that all transactions are based on valid and reliable information. 'We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi,' said Rashed Al Omaira, acting director general of Adrec. 'This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market. 'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, Adrec is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub. 'Madhmoun is not an advertising agent but an internationally recognised platform designed to empower aggregators, elevate market standards, and enable authentic advertising,' added Mr Al Omaira. Adrec said the launch of the platform was 'upcoming' but did give a specific date for its roll-out. Building up trust Every property listed on Madhmoun will be thoroughly verified to ensure accuracy and reliability, said officials. Users will have access to the latest property data, allowing for informed decision-making. Adrec said Madhmoun will 'eliminate misleading property advertisements, providing users with honest and transparent listings'. The authority said the initiative will increase the visibility of property listings by an average of 70 per cent and will contain the latest information on homes available in a given market or area. Supply and demand In August, Adrec unveiled the capital's first residential rental index, aimed at providing indicative rental values for both tenants and landlords across different areas of the capital. The Rental Index is available online at Adrec's website and highlights rents in different areas. Abu Dhabi's residential sale prices and rents rose last year amid higher demand and a supply shortage in the emirate, according to a report. Home sale prices increased by 11 per cent annually in 2024, while rents rose by 20 per cent, real estate company Cushman & Wakefield Core said in a report this month. Dubai has also taken steps to enhance transparency and stability in the property, with the emirate also witnessing a surge in demand as its population rises. The Dubai Land Department launched a Smart Rental Index on January 2 – including a star rating system for residential buildings. The system uses artificial technology to deliver property price updates at any time, unlike its predecessor, which was updated once a year. The old index was based on zones or districts, while the new one focuses on each building and covers all areas in Dubai including freehold and non-freehold areas.
Al Etihad
27-03-2025
- Business
- Al Etihad
ADREC introduces Gulf Region's first multiple listing service platform
27 Mar 2025 11:32 ABU DHABI (ALETIHAD)The Abu Dhabi Real Estate Centre (ADREC), has announced the upcoming launch of "Madhmoun" - Abu Dhabi's first-ever Multiple Listing Service (MLS) platform. The Gulf Region initiative, Madhmoun, has been devised to provide the much-required transparency, efficiency and trust in the real estate market for brokers, developers, and buyers alike by offering a reliable and centralised platform for property which means 'verified' in Arabic, serves as a unified one-stop solution for all real estate practitioners. It provides verified listings, offers real-time updates about properties, and enables authentic advertising to ensure that all transactions are based on valid and reliable Al Omaira, Acting Director General of ADREC, said: "We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi. This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market.'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, ADREC is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub. Madhmoun is not an advertising agent but an internationally recognised platform designed to empower aggregators, elevate market standards, and enable authentic advertising."Every property listed on Madhmoun is thoroughly verified to ensure accuracy and reliability. Users will have access to the latest property data, allowing for informed decision-making. Madhmoun eliminates misleading property advertisements, providing users with honest and transparent enhances global visibility by connecting Abu Dhabi's real estate market with international investors, facilitating international exposure and unlocking opportunities worldwide. Additionally, the platform empowers aggregators and real estate professionals to deliver more value, enhancing trust and efficiency in the market. Madhmoun will reduce the fragmentation of listings, which will result in more visibility for sellers. It does this by increasing the visibility of properties by an average of 70 per cent and ensuring the database contains the most current information on the properties available in a given area or market, hence enhancing broker productivity by 35 per cent. This further cuts down the transaction time by 40 per cent, which, in return, improves the customer experience and international investment. Source: Aletihad - Abu Dhabi
