Latest news with #MamshaGardens
Time Out Abu Dhabi
5 days ago
- Business
- Time Out Abu Dhabi
Your guide to the rising property prices in Abu Dhabi
House hunting in Abu Dhabi? You might want to start saving a little more aggressively. The capital's property market has just clocked its strongest capital gains in three years, even though sales activity has taken a tumble. That's according to ValuStrat's latest Q1 2025 report, which shows a market surging in value while grappling with a slowdown in transactions. Property values rose by 2.1 percent quarter-on-quarter and a healthy 7.2 percent year-on-year, with the ValuStrat Price Index now sitting at 125.6 points. Villas led the charge with a 9.7 percent annual increase, while apartment prices grew by 4.5 percent over the same period. Villas on Saadiyat Island saw the biggest jump, with prices up by a whopping 21.2 percent year-on-year. Al Raha and Mohammed Bin Zayed City also saw noticeable growth. As for apartments, Al Reef topped the list with a 7.5 percent annual boost, followed by Saadiyat Island and Al Muneera. The average home in Abu Dhabi is now valued at Dhs10,226 per square metre, with apartments averaging Dhs10,979 and villas at Dhs8,407. And it's not just prices that are climbing – rents are surging too. Apartment rental rates rose by 11.6 percent annually, while villa rents grew by 6.3 percent. A typical studio now goes for Dhs63,000 a year, with a one-bedroom hitting Dhs89,000 and a two-bedroom costing Dhs125,000. Larger homes are significantly pricier, with villa rents averaging Dhs245,000 annually. Despite the appetite for homes, the number of new units coming online remains slim. Only 90 apartments and 189 villas were completed in Q1, representing just two percent of the 2025 pipeline. Still, major developers aren't staying quiet. Aldar launched Mamsha Gardens on Saadiyat Island, IMKAN announced Naseem Al Jurf in Ghantoot Taraf teamed up with Marriott International to deliver W Residences on Al Maryah Island. Sales volumes told a different story. Overall transactions fell sharply – down almost 43 percent quarter-on-quarter – with off-plan sales plunging by 79 percent year-on-year. Yet the average home price is on the rise. Ready property prices jumped by nearly 6 percent, with the average ready home now fetching Dhs1,146 per square foot. The average transaction size increased to Dhs2.6 million. In the commercial sector, Abu Dhabi's office market is thriving. Asking rents climbed more than 30 percent over the year, driven by strong demand and high occupancy in central business districts. Retail is holding its own too, with Yas Mall reporting 97 percent occupancy, an 18 percent jump in footfall a 10 percent rise in tenant sales. The hospitality industry continues to shine, with average room rates hitting Dhs683 – a rise of 37 percent year-on-year – and occupancy reaching nearly 87 percent in early 2025. With 5.2 million guests in 2024, Abu Dhabi is firmly on the global tourism radar hotel supply is expected to exceed 50,000 keys by 2030. New entries to watch include the UAE's first Mondrian Hotel in Downtown Abu Dhabi and a new Waldorf Astoria at the former Anantara Eastern Mangroves site. So whether you're buying, renting, investing or just keeping an eye on trends, the message is loud and clear – Abu Dhabi's property market is booming it's not slowing down anytime soon. More going on in Abu Dhabi UAE residents can now save big time on flights thanks to a new Skyscanner feature No complaints here You can now get a robotaxi from Zayed International Airport Trips to the airport just got an upgrade Abu Dhabi's best restaurants: Everywhere you should eat at least once Your dinner inspo is sorted 20 incredibly fun ways to explore Abu Dhabi after dark The city is at its most fascinating once the sun goes down
Zawya
13-05-2025
- Business
- Zawya
Aldar completes sale of Mamsha Gardens residential building to Gaw Capital partners for AED586mln
The deal - which marks GAW Capital Partners' first investment in the UAE - highlights Abu Dhabi's appeal as a leading destination amongst international investors The 71-unit residential building at Mamsha Gardens is located within Saadiyat Cultural District Abu Dhabi, UAE: Aldar Properties ('Aldar') has agreed the sale of a residential building at Mamsha Gardens for a total consideration of AED 586 million to Hong Kong-based real estate private equity firm, GAW Capital Partners. The transaction is the firm's first investment in the UAE and reflects the appeal of the Abu Dhabi property market, Saadiyat Cultural District, and Aldar's residential portfolio amongst international investors. Located within Saadiyat Cultural District, the building – one of seven at Mamsha Gardens - comprises 71 apartments and townhouses with a total sellable area of over 16,000 sqm. Growing 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 experience. Chinese and Hong Kong based buyers accounted for AED 1.5 billion of Aldar's total UAE development sales in 2024, representing more than a 30-fold increase compared to 2022. The strong momentum continued into the first quarter of 2025, with AED 1.3 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 investors. Commenting on this transaction, Rashed Al Omaira, Acting Director General of Abu Dhabi Real Estate Centre (ADREC), said: '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, commented: '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% of Aldar's UAE sales came from international buyers. 'The 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, Global Head of Capital Markets and Co-Chair of Alternative Investments at Gaw Capital Partners, said: 'We are thrilled to announce Gaw Capital Partners' first deal in Abu Dhabi with the acquisition of a residential building at Mamsha Gardens. 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. This follows a series of major capital inflows into Abu Dhabi's real estate sector, including Aldar's landmark US$1.4 billion strategic partnership with Apollo Global Management in 2022. Supported by a growing population, pro-business environment and an attract expatriate lifestyle, these investments have reinforced the emirate's position as a key gateway for global institutional capital. Moreover, it reflects the sustained and growing confidence in the UAE's real estate sector and Aldar's ability to deliver scale, quality, and long-term and sustainable value across its platform. Due to the demand for Mamsha Gardens, Aldar is now releasing the 7th building for sale. Given its location in Abu Dhabi's most in demand destination, the building presents an attractive opportunity for investors targeting the short-term rental segment, with Aldar providing an optional management service for owners. The development is located within walking distance of Mamsha Al Saadiyat and Saadiyat Grove offering proximity to key cultural landmarks such as Louvre Abu Dhabi, as well as access to premium retail, hospitality, and leisure amenities. Sales of the units will launch on 14 May for all nationalities. Interested buyers can visit Aldar's Sales Centre at Aldar Square or the Aldar Sales Centre in Dubai, next to Kite Beach on Jumeirah Beach Road. Customers can also reach out via email at customermanagement@ or call 800-ALDAR (800-25327). About Aldar Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East and North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 62 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of more than AED 46 billion worth of investment-grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates. About Gaw Capital Partners Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally. Specializing in adding strategic value to under-utilized real estate through redesign and re-positioning, the firm's investments span the entire spectrum of real estate sectors, including residential development, commercial offices, retail malls, hospitality, logistics warehouses and IDC projects. Since its inception in 2005, Gaw Capital has raised seven commingled funds targeting Asia Pacific regions. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia hospitality fund, a European Hospitality Fund, a Growth Equity Fund, and it also provides services for credit investments and separate account direct investments globally. Gaw Capital has raised equity of US$23.8 billion since 2005 and commanded assets of US$34.4 billion under management as of Q4 2024.
Zawya
13-05-2025
- Business
- Zawya
Aldar sells 'Mamsha Gardens' building to 'GAW Capital Partners' for $159.5mln
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 AED586 million. Marking 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 portfolio. Located 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 metres. Growing 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 experience. Buyers from China and Hong Kong accounted for AED1.5 billion of Aldar's total UAE development sales in 2024, representing more than a 30-fold increase compared to 2022. The strong momentum continued into the first quarter of 2025, with AED1.3 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 investors. Rashed 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 buyers. The 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.
Al Bawaba
13-05-2025
- Business
- Al Bawaba
Aldar completes sale of mamsha gardens residential building to gaw capital partners for Dh586 million
Aldar Properties ('Aldar') has agreed the sale of a residential building at Mamsha Gardens for a total consideration of AED 586 million to Hong Kong-based real estate private equity firm, GAW Capital Partners. The transaction is the firm's first investment in the UAE and reflects the appeal of the Abu Dhabi property market, Saadiyat Cultural District, and Aldar's residential portfolio amongst international within Saadiyat Cultural District, the building – one of seven at Mamsha Gardens - comprises 71 apartments and townhouses with a total sellable area of over 16,000 sqm. Growing 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 experience. Chinese and Hong Kong based buyers accounted for AED 1.5 billion of Aldar's total UAE development sales in 2024, representing more than a 30-fold increase compared to 2022. The strong momentum continued into the first quarter of 2025, with AED 1.3 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 on this transaction, Rashed Al Omaira, Acting Director General of Abu Dhabi Real Estate Centre (ADREC), said: '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, commented: '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% of Aldar's UAE sales came from international buyers. 'The 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, Global Head of Capital Markets and Co-Chair of Alternative Investments at Gaw Capital Partners, said: 'We are thrilled to announce Gaw Capital Partners' first deal in Abu Dhabi with the acquisition of a residential building at Mamsha Gardens. 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. This follows a series of major capital inflows into Abu Dhabi's real estate sector, including Aldar's landmark US$1.4 billion strategic partnership with Apollo Global Management in 2022. Supported by a growing population, pro-business environment and an attract expatriate lifestyle, these investments have reinforced the emirate's position as a key gateway for global institutional capital. Moreover, it reflects the sustained and growing confidence in the UAE's real estate sector and Aldar's ability to deliver scale, quality, and long-term and sustainable value across its to the demand for Mamsha Gardens, Aldar is now releasing the 7th building for sale. Given its location in Abu Dhabi's most in demand destination, the building presents an attractive opportunity for investors targeting the short-term rental segment, with Aldar providing an optional management service for owners. The development is located within walking distance of Mamsha Al Saadiyat and Saadiyat Grove offering proximity to key cultural landmarks such as Louvre Abu Dhabi, as well as access to premium retail, hospitality, and leisure amenities. Sales of the units will launch on 14 May for all nationalities. Interested buyers can visit Aldar's Sales Centre at Aldar Square or the Aldar Sales Centre in Dubai, next to Kite Beach on Jumeirah Beach Road. Customers can also reach out via email at customermanagement@ or call 800-ALDAR (800-25327).
Arabian Business
13-05-2025
- Business
- Arabian Business
Abu Dhabi's Aldar sells Mamsha Gardens building to Hong Kong investor for $160mn
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 AED586 million. The transaction marks GAW Capital Partners' first investment in the UAE. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, 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 per cent of Aldar's UAE sales came from international buyers. 'The 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.' Aldar sells Mamsha Gardens building The building, one of seven at Mamsha Gardens, comprises 71 apartments and townhouses with a total sellable area exceeding 16,000 square metres. It is located within the Saadiyat Cultural District. The deal highlights the increasing appeal of Abu Dhabi's property market to international investors, particularly from Asia. Chinese and Hong Kong buyers accounted for AED1.5 billion of Aldar's total UAE development sales in 2024, representing more than a 30-fold increase compared to 2022. Rashed Al Omaira, Acting Director General of Abu Dhabi Real Estate Centre (ADREC), explained: '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.' The momentum continued into 2025, with AED1.3 billion in sales recorded in the first quarter alone. Aldar's $1.4 billion strategic partnership with Apollo Global Management in 2022. Due to demand for Mamsha Gardens, Aldar is releasing the seventh building for sale. Christina Gaw, Managing Principal, Global Head of Capital Markets and Co-Chair of Alternative Investments at Gaw Capital Partners, added: 'We are thrilled to announce Gaw Capital Partners' first deal in Abu Dhabi with the acquisition of a residential building at Mamsha Gardens. 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 development is situated within walking distance of Mamsha Al Saadiyat and Saadiyat Grove, offering proximity to cultural landmarks such as Louvre Abu Dhabi and access to retail, hospitality, and leisure amenities. Sales of the units will launch on May 14 for all nationalities. Interested buyers can visit Aldar's Sales Centre at Aldar Square or the Aldar Sales Centre in Dubai, next to Kite Beach on Jumeirah Beach Road. Customers can also contact Aldar via email or call.
