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Al Etihad
24-04-2025
- Business
- Al Etihad
Abu Dhabi Real Estate Centre records 34.5% growth in real estate transactions to Dh25.3bn+ in Q1 2025
24 Apr 2025 10:05 ABU DHABI (ALETIHAD)The Abu Dhabi Real Estate Centre, an affiliate of the Department of Municipalities and Transport – Abu Dhabi, has reported that total transaction value grew by 34.5 percent to Dh25.3 billion across 6,896 deals in the first quarter of 2025 in the emirate, compared to Dh18.82billion from 5,773 transactions in the same period of and sell transactions totalled Dh15.51 billion through 3,819 transactions, reflecting a 26.7 percent increase in value and an 11 percent rise in volume compared to the first quarter of 2024. Mortgage transactions also recorded strong growth, reaching Dh9.8 billion through 3,077 transactions — a 49 percent year-on-year Island was the leading area for real estate transactions, recording deals amounting to Dh5.6 billion. It was followed by Yas Island, with Dh3.6 billion, and Mohammed Bin Zayed City, with Dh2.1 billion. Al Reem Island and Al Hudayriyat Island recorded over Dh1 billion in report highlighted continued activity in Foreign Direct Investment (FDI), with 384 transactions valued at Dh1.582 billion concluded by investors from 68 nationalities — up from 58 nationalities during the same period last year. This demonstrates growing confidence in Abu Dhabi's real estate market, driven by regulatory policies and government initiatives that enhance its local and global Director-General of ADREC, Engineer Rashed Al Omaira, 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. These results highlight the strength of Abu Dhabi's property market and its enduring attractiveness as a regional and international hub for real estate investment. 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." "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."
The National
19-02-2025
- Business
- The National
Etihad Airways posts record 2024 profit on strong travel demand
Etihad Airways posted a record after-tax profit of Dh1.75 billion ($476 million) last year, more than three times that of 2023, driven by strong passenger and cargo revenue as the Abu Dhabi airline continues to expand its route network. Total revenue increased by 25 per cent annually to Dh25.3 billion ($6.9 billion), driven mainly by a 25 per cent surge in passenger revenue, the airline said on Wednesday. Passenger traffic grew by 32 per cent annually to 18.5 million, as Etihad Airways launched more than 20 new destinations during the year, including Boston, Jaipur, Bali and Nairobi. Flights to more than 10 of these cities are set to begin operations this year. Passenger load factor reached 87 per cent, while available seat kilometres (ASK) increased 28 per cent year-on-year. 'Looking ahead, I am confident we will continue to be a financially strong airline delivering extraordinary customer experiences, fulfilling our shareholder's mandate, and contributing to the long-term prosperity and success of the UAE,' Antonoaldo Neves, chief executive of Etihad Airways, said. More to follow …
