Latest news with #Dh96.2
Al Etihad
04-05-2025
- Business
- Al Etihad
Abu Dhabi realty begins 2025 on strong footing with robust transaction numbers
5 May 2025 00:44 SARA ALZAABI (ABU DHABI)Abu Dhabi's real estate market began 2025 with growing transaction numbers, reflecting healthy investor confidence, according to a report by Bayut, the UAE's leading property upward trend follows the year of 2024, which recorded 28,249 property transactions, a 24.2% year-on-year increase, with a combined transaction value of Dh96.2 to Bayut's newly released Q1 2025 market report, foreign direct investment into Abu Dhabi's real estate sector stands at Dh7.86 billion, with capital inflows from over 2,300 international investors spanning 105 report mentioned the launch of 38 new off-plan developments and the delivery of 12 landmark projects, which further expanded Abu Dhabi's real estate to Bayut's analysis, the first quarter showed persistent popularity among budget buyers for areas like Al Reef, Al Ghadeer, Khalifa City, and Al the other hand, demand surged in the mid-market segment, with areas such as Al Reem Island, Masdar City, and Al Raha Gardens being targeted by buyers that value amenities and decent aspirational buyers, Yas Island, Saadiyat Island, and Al Raha Beach remained the foremost waterfront investment mid-market segment, which saw healthy search activity in Al Reem Island, Masdar City, Baniyas, Al Samha and Al Raha Gardens, demonstrated a robust performance, reassuring investors about market stability. Apartments in the mid-range sector witnessed price increases of up to 4%, while villa prices saw more moderate appreciations. Worthy of particular note was Al Samha reporting a price increase of 7.20%.In the affordable apartment category, Al Reef and Al Ghadeer have witnessed exceptional rental yields of 8.38% and 9.95%, mid-market apartment communities, including Al Reem Island, Baniyas and Masdar City, also provided solid returns ranging from 5.57% to 7.60%.Higher-end apartments in Al Raha Beach, Yas Island and Saadiyat Island have produced rental returns of between 3.88% and 7.37%.As for the villa segment, Al Reef leads the affordable category with a robust return of investment of 6.45%. Mid-tier villa communities such as Al Raha Gardens and Al Samha provided healthy returns between 5% and 7%. Premium villa destinations, including Yas Island, Saadiyat Island and Al Raha Beach, remained attractive to investors with yields exceeding 4.55%.
The National
04-04-2025
- Business
- The National
Ajman issues new law to attract more investment in property sector
Ajman has issued a new law to develop the emirate's real estate sector further and attract more investment amid a UAE-wide property market boom. The new law issued by Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, also aims to protect the rights of investors in the real estate sector and boost transparency, Ajman Media Office said in a post on X on Friday. It also aims to incentivise real estate activity across the emirate. "The law stipulates that its provisions will apply to real estate located in areas designated by the Ruler by a special decree, including vacant land built through real estate contributions, dilapidated buildings that are being reconstructed and under-construction buildings," the post said. The announcement comes as the UAE's property market continues to perform strongly on the back of government initiatives such as residency permits for retired and remote workers, and the expansion of the 10-year golden visa programme. The overall growth in the UAE's economy as a result of diversification efforts is also supporting the property market. Ajman recorded property deals worth Dh20.5 billion ($5.58 billion) in 2024, up 21 per cent on the previous year, Wam reported in January. The total number of deals during the period stood at 15,125, with Al Jurf 1 area recording the highest sale value of Dh300 million, the report said. 'The exceptional performance of the real estate market over the past year is evidence of the sector's strength and a positive indicator that enhances Ajman's position as a premier investment destination,' Sheikh Abdulaziz bin Humaid Al Nuaimi, chairman of the Ajman Department of Land and Real Estate Regulation, said at the time. Property transactions in Dubai and Abu Dhabi also surged last year. The former recorded real estate deals worth Dh761 billion, up 20 per cent compared to 2023, with the total number of transactions for the year increasing by 36 per cent to 226,000, according to data provided by the Dubai Media Office. Abu Dhabi recorded deals valued at Dh96.2 billion in 2024. The total value of deals for the year rose by more than 10 per cent on an annual basis, while the number of transactions increased by about 24 per cent to 28,249, the Abu Dhabi Real Estate Centre said in January.
The National
27-01-2025
- Business
- The National
Abu Dhabi property deals rose 10% to $26bn in 2024 on strong demand
Abu Dhabi recorded real estate deals valued at Dh96.2 billion ($26.19 billion) in 2024, as demand for property remains strong because of high economic growth. The total value of deals for the year rose by more than 10 per cent on an annual basis, while the number of transactions increased by about 24 per cent to 28,249, the Abu Dhabi Real Estate Centre (Adrec) said on Monday. Sales transactions for the period were 16,735, with a total value of Dh58.5 billion, and mortgage transactions reached 11,514, with a total value of Dh37.7 billion. The emirate's property sector also attracted Dh7.86 billion worth of foreign direct investment last year, from 2,302 investors from 105 countries, including the US, the UK, Kazakhstan, Russia, France and China. The amount marked a 125 per cent annual increase. 'The surge in FDI highlights Abu Dhabi's adaptability and resilience in an evolving global economy,' said Rashed Al Omaira, acting director general at Adrec. 'It is a testament to the emirate's forward-thinking policies, investment-friendly environment and world-class infrastructure that ensure sustainable growth.' The UAE's property market continues to perform strongly on government initiatives such as residency permits for retired and remote workers, as well as the expansion of the 10-year golden visa programme and overall growth in the UAE's economy amid diversification efforts. Abu Dhabi's economy grew by 4.5 per cent on a yearly basis in the third quarter of 2024, driven by sustained growth in the non-oil sector, with the value of the emirate's economic output reaching Dh301.8 billion for the period. Last year in Abu Dhabi, 12 major developments were completed and 38 real estate projects for off-plan sales launched, according to the latest data. Developers including Aldar Properties and Deyaar unveiled new projects in Abu Dhabi last year. These include Deyaar's Dh800 million Rivage project on Al Reem island consisting of one, two and three-bed units and Aldar's Mandarin Oriental Residences and Mamsha Gardens on Saadiyat Island. Aldar also unveiled The Arthouse, an exclusive residential community on Saadiyat, with 281 premium apartments and sky villas and a new project on Yas Island named Yas Riva, with 151 four, five and six-bedroom canal-front villas. About 1,800 new residential units are expected to go on Abu Dhabi's market until the first quarter of this year in Yas, Saadiyat and Al Reem islands amid continued demand for property, Mr Al Omaira told The National in an interview last year. He added that they 'carefully monitor' the supply situation, taking into consideration the population growth and roll out of new projects and previously approved projects 'to make sure that we're in an occupancy rate that's maintained at a healthy delta in the real estate cycle'.
The National
27-01-2025
- Business
- The National
Abu Dhabi recorded property deals worth Dh96.2bn in 2024, data shows
Abu Dhabi recorded real estate deals worth Dh96.2 billion ($26.19 billion) in 2024, as demand for property remains strong in the emirate due to high economic growth. The total value of the deals for the year rose by 10.45 per cent on an annual basis, while the number of transactions increased by 24.2 per cent to 28,249, the Abu Dhabi Real Estate Centre (Adrec) said on Monday. Sales transactions for the period were 16,735, with a total value of Dh58.5 billion, and mortgage transactions reached 11,514, with a total value of Dh37.7 billion. The emirate's property sector also attracted Dh7.86 billion worth of foreign direct investment last year. That marked a 125 per cent increase compared with the previous year, with 2,302 investors from 105 countries, including the US, the UK, Kazakhstan, Russia, France and China. 'The surge in FDI highlights Abu Dhabi's adaptability and resilience in an evolving global economy,' said Rashed Al Omaira, acting director general at Adrec. 'It is a testament to the emirate's forward-thinking policies, investment-friendly environment and world-class infrastructure that ensure sustainable growth.' The UAE's property market continues to perform strongly on government initiatives such as residency permits for retired and remote workers, as well as the expansion of the 10-year golden visa programme and overall growth in the UAE's economy amid diversification efforts. Abu Dhabi's economy grew by 4.5 per cent on a yearly basis in the third quarter of 2024, driven by sustained growth in the non-oil sector, with the value of the emirate's economic output reaching Dh301.8 billion for the period. More to follow ...
