Latest news with #Dh26
Al Etihad
4 days ago
- Business
- Al Etihad
Aldar launches Dh40bn Fahid Island project, bringing wellness-focused living to Abu Dhabi
2 June 2025 16:37 ISIDORA CIRIC (ABU DHABI)Abu Dhabi's property market is set for another major addition with Aldar's launch of Fahid Island, a Dh40 billion coastal destination positioned between Yas Island and Saadiyat. The 2.7 million square metre development is being pitched as a wellness-first community where no home is more than five minutes from the sea, and no more than 250 metres from green island will offer more than 6,000 homes, from apartments and townhouses to high-end waterfront villas with 4- to 6-bedroom one, Fahid Beach Residences, will feature seven low-rise buildings with 65 apartments each, and is scheduled for completion by 2029. It also includes community amenities and a top-tier international school, with more details on the education partner to be announced soon, Aldar said on rest of the project will be delivered in phases over the following three acquired the land in early 2023 for Dh2.5 billion, initially estimating a development value of Dh26 billion. That figure has since climbed to over Dh40 billion, as plans for the site expanded to include extensive natural landscapes, international school facilities, and a new residential benchmark for the the start, Aldar has framed Fahid Island as a 'complete ecosystem'. With 4.6km of beachfront on one side and mangroves on the other, all homes will be no more than a five-minute walk from the sea and within 250 metres of open green space. The layout includes 15km of shaded pedestrian walkways and multiple bridges connecting both sides of the island, designed to limit car use and promote walkability. A 10km landscaped Berm Park will act as a green wellness corridor, complete with cycling routes and running trails.'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE,' said Mohamed Al Mubarak, Chairman of and liveability are central to the design. Around 30% of the island's space will be dedicated to natural landscapes, and Aldar is actively working with the Environment Agency - Abu Dhabi to protect marine life along the island's mangrove edges.'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors,' said Talal Al Dhiyebi, Group Chief Executive Officer of Island's location, wedged between two of Abu Dhabi's highest-profile developments, positions it at the crossroads of culture, tourism, and investment. A recent MPM Properties report showed strong interest in prime waterfront communities, with prices in areas like Saadiyat jumping by up to 15% in 2024.'Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit,' Al Dhiyebi added. Its unveiling comes shortly after plans for a Disney theme park on Yas Island were announced, adding momentum to rising demand in the capital's real estate market.
Al Etihad
25-03-2025
- Business
- Al Etihad
Abu Dhabi's residential property market poised for sustained growth in 2025
26 Mar 2025 01:58 ABU DHABI (ALETIHAD) Demand for residential property is on the rise in Abu Dhabi, where 38,700 new units are set to come to market by 2028, says leading real estate advisory and property consultant, Cavendish a strong performance in 2024, with 9,700 sales transactions worth a total Dh26 billion, the residential real estate sector in the UAE capital is poised for further growth this year and beyond, fuelled by increased demand and strategic government initiatives, according to Cavendish Maxwell's latest Abu Dhabi Residential Market Performance Report. Some 10,800 new units are due to be delivered this year, with another 6,000 in 2026. By the end of 2028, Abu Dhabi's total residential inventory will be around 313,700, the research shows. 5,200 new homes were delivered in 2024 – mostly at Al Raha Berach, Yas Island, Masdar City and Saadiyat Island – with 275,000 units in total at year end. Andrew Laver, Cavendish Maxwell Associate Partner, Abu Dhabi, said: "The residential sector in Abu Dhabi is experiencing steady growth, driven by increased demand from local and international investors as well as strategic government initiatives such as residency incentives." Average sales prices for apartments rose by nearly 11.5% in 2024, with villa prices up by over 12.5%. Yas Island commanded the biggest rises at more than 20% for apartments and 13% for villas. In the rentals market, rates were an average of nearly 13% for apartments and 8% for villas, with Yas Island seeing the highest rises, at 16% and 10% for ready properties surged by almost 50% year-on-year in 2024, while off-plan transactions saw a decline of 13%, largely due to a reduction in new project launches. Of the 9,700 sales transactions last year, 75% were for apartments – up 63% on the previous year. Apartment sales transactions reached 7,300 with a total value of Dh12.6 billion. A total of 2,400 villas and townhouse, with a combined value of Dh13.4 billion, were purchased in 2024 – a drop of 44% in volume and value, driven by limited new projects launches. However, demand for ready villas and townhouses was up 47% and 26% respectively, reflecting growing confidence among investors and end-users in the completed property market. Abu Dhabi saw a 34% increase in mortgage transactions in 2024, with nearly 5,000 mortgages, worth a total Dh7.1 billion secured. Loans for apartments dominated the mortgage market, up 66% in volume and 55% in value on the previous year. Falling interest rates, increasing investor confidence and attractive financing options from banks fuelled mortgage demand last year, says Cavendish Maxwell. Almost 40 residential projects were launched in Abu Dhabi last year, bringing 11,000 new units to the market. Al Reem island saw the highest number of new units (2,000), followed by Saadiyat Island (1,800) and Al Bahyah (1,700). Aldar Properties dominated the market, launching around 4,000 units across 12 projects, reinforcing its position as a leading player in the capital's real estate sector.
Khaleej Times
25-03-2025
- Business
- Khaleej Times
UAE: Over 38,000 new residential units to come up in Abu Dhabi by 2028
Abu Dhabi property market pipeline looks strong as 38,700 new units are set to come to market by 2028, easing pressure on rising prices in the UAE capital, according to property consultant, Cavendish Maxwell. The residential real estate sector in the UAE capital is poised for further growth this year and beyond, fuelled by increased demand and strategic Government initiatives as around 10,800 new units are due to be delivered this year, with another 6,000 in 2026. By the end of 2028, Abu Dhabi's total residential inventory will be around 313,700, Cavendish Maxwell said. 'The residential sector in Abu Dhabi is experiencing steady growth, driven by increased demand from local and international investors as well as strategic government initiatives such as residency incentives. Sustainable development and innovative housing solutions will be key in shaping the future of capital's residential property market, with rising demand and price appreciation further boosted by infrastructure expansion and enhanced community offerings,' said Andrew Laver, associate partner, Cavendish Maxwell, Abu Dhabi. 2024 performance Abu Dhabi's real estate market recorded a strong performance in 2024, with 9,700 sales transactions worth a total of Dh26 billion. Around 5,200 new homes were delivered in 2024 — mostly at Al Raha Berach, Yas Island, Masdar City and Saadiyat Island. Last year, average sales prices for apartments rose by nearly 11.5 per cent, with villa prices up by just over 12.5 per cent. Yas Island commanded the biggest rises at more than 20 per cent for apartments and 13 per cent for villas. According to Cushman & Wakefield Core, 3,004 residential units were delivered in 2024, 46 per cent below forecasts. 'Supply struggled to keep up with demand in 2024, driving sharp price increases. While new supply in 2025 is expected to help, demand remains high, putting continued pressure on rents and sales prices,' said Prathyusha Gurrapu, head of research and consultancy at Cushman & Wakefield Core. Cushman & Wakefield Core noted that housing demand in the capital far exceeded supply in 2024. Cavendish Maxwell data showed that almost 40 residential projects were launched in Abu Dhabi last year, bringing 11,000 new units to the market. Al Reem Island saw the highest number of new units (2,000), followed by Saadiyat Island (1,800) and Al Bahyah (1,700). Aldar Properties dominated the market, launching around 4,000 units across 12 projects, reinforcing its position as a leading player in the capital's real estate sector. The performance of this year's off-plan market will hinge on the number of new launches: a decrease in new projects could lead to a decline in the volume and value of off-plan transactions.
Al Etihad
17-03-2025
- Business
- Al Etihad
Abu Dhabi Department of Education and Knowledge licenses 15 new private nurseries across the emirate
17 Mar 2025 12:10 ABU DHABI (ALETIHAD)Abu Dhabi Department of Education and Knowledge (ADEK) has licensed 15 new private nurseries 1,250 additional seats across Abu Dhabi, Al Ain, and Al new nurseries included British Orchard Nursery in Al Nahyan, Abu Dhabi, with an average fee of Dh17,750; Apple Field Nursery, Al Manhal, Abu Dhabi, with average fees amounting to Dh24,000; British Home Nursery, Al Bahyah, Abu Dhabi, with average fees totaling Dh24,000; Little Hand Nursery, Al Aamerah, Al Ain, with average fees of Dh24,000 and Learning Tree Nursery, Madinat Al Riyad, Abu Dhabi, with average fees at Dh25,000. The other newly licensed nurseries comprised Little Genius Nursery, Zayed City, Al Dhafra, with average fees of Dh25,900; Little Smarties Nursery, Khalifa City, Abu Dhabi, with average fees amounting to Dh26,000; Maple Tree International Nurseries, Reem Island, Abu Dhabi, with average fees totaling Dh26,550; Kids Fantasy Nursery, Mohamed bin Zayed City, Abu Dhabi, with average fees of Dh27,000 and Small Stars Nursery, Madinat Al Riyad, Abu Dhabi, with average fees of Dh30, five other nurseries included Thinkers Planet Nurseries, Bani Yas, Abu Dhabi, with an average fee totaling Dh32,000; Tiny Dreams Nursery, Al Nahyan, Abu Dhabi, with an average fee amounting to Dh36,000; Jack and Jill Nursery, Al Raha, Abu Dhabi, with average fees being Dh45,000 and Redwood Nurseries in Al Kasir and Al Nahyan in Abu Dhabi, with both nurseries' average fees being Dh51, carefully assessed multiple factors before granting approval to ensure these fees are reasonable and transparent. These include operational costs such as rent, staffing expenses to maintain appropriate child-to-teacher ratios and investments in educational materials and safety measures. Fees are also evaluated based on market trends and the sustainability of services. By taking these factors into account, parents can be assured that nursery fees are structured to support a safe, engaging and developmentally enriching start for their children. A total of 225 private nurseries with 27,791 seats provide nurturing environments that support children's cognitive, social, and emotional development during their formative years - critical for their future academic success and personal growth.
Khaleej Times
23-02-2025
- Khaleej Times
Dubai Police return Dh26 million worth of lost items to travellers in 2024
Lost items worth Dh26 million were returned to their owners in 2024 through the lost and found system of the General Department of Airport Security at Dubai Police. Brigadier Hamouda Balsuwaida Al Ameri, the department's director, said that the Dubai Police played a crucial role in quickly and accurately monitoring and following up on all loss reports. The team's diligent communication with those who submitted the reports and the prompt return of their belongings align with Dubai Police's strategic direction of fostering a safer and happier city. In 2024, the airport recorded more than 92 million travel movements, including both arrivals and transiting passengers. Among these, many cases of lost personal luggage, including valuable items and cash, were reported. "The success of the lost and found system in 2024 demonstrates the commitment of Dubai Police to ensuring the safety and security of all travellers. We work diligently to support and serve the community by enhancing feelings of security, trust, and happiness among residents and visitors," Brigadier Al Ameri said. Brigadier Al Ameri also emphasised that Dubai Police is focused on promoting human values such as tolerance and social responsibility, aligning with the city's status as one of the world's most attractive destinations. In addition to the successful return of lost items, Dubai Police's comprehensive efforts in securing travellers and their belongings ensure the continued success of the city's international reputation for safety and security.
