Latest news with #RashedAlOmaira
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
24-04-2025
- Business
- Arabian Business
Abu Dhabi real estate transactions jump to $6.9bn in Q1; Saadiyat Island stands out as lead area
Abu Dhabi real estate transaction value grew by 34.5 per cent to AED25.3bn ($6.9bn) across 6,896 deals in the first quarter of 2025 in the emirate, compared to AED18.82bn ($5.1bn) from 5,773 transactions in the same period of 2024, according to the Abu Dhabi Real Estate Centre. Buy and sell transactions totalled AED15.51bn ($4.2bn) through 3,819 transactions, reflecting a 26.7 per cent increase in value and an 11 per cent rise in volume compared to the first quarter of 2024. Mortgage transactions also recorded strong growth, reaching AED9.8bn ($2.7bn) through 3,077 transactions — a 49 per cent year-on-year increase. Abu Dhabi real estate Saadiyat Island was the leading area for real estate transactions, recording deals amounting to AED5.6bn ($1.5bn). It was followed by Yas Island, with AED3.6bn ($980m), and Mohammed Bin Zayed City, with AED2.1bn ($572m). Al Reem Island and Al Hudayriyat Island recorded over AED1bn ($272m) in transactions. The report highlighted continued activity in Foreign Direct Investment (FDI), with 384 transactions valued at AED1.582bn ($431m) 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 appeal. 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. '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.'
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."
Zawya
24-04-2025
- Business
- Zawya
ADREC records AED 25.3bln inreal estate transactions, marking a 34.5% growth
Abu Dhabi: The Abu Dhabi Real Estate Centre, an affiliate of the Department of Municipalities and Transport – Abu Dhabi, has announced a significant increase in property transactions across the Emirate during the first quarter of 2025. The Centre reported the total transaction value grew by 34.5% to AED 25.3 billion across 6,896 deals, a 34.5% increase compared to AED 18.82 billion from 5,773 transactions in the same period of 2024. Buy and Sell transactions surged to AED 15.51 billion through 3,819 transactions, reflecting a 26.7% increase in value and an 11% increase in volume compared to the first quarter of 2024. Mortgage transactions also recorded strong growth, reaching AED 9.8 billion through 3,077 transactions — a 49% year-on-year increase. Saadiyat Island was the leading area for real estate transactions, recording deals amounting to AED 5.6 billion. It was followed by Yas Island, with AED 3.6 billion, and Mohammed Bin Zayed City, with AED 2.1 billion. Al Reem Island and Al Hudayriat Island recorded over AED 1 billion in transactions. The report highlighted continued activity in Foreign Direct Investment (FDI), with 384 transactions valued at AED 1.582 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 appeal. Engineer 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. 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." 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." About The Abu Dhabi Real Estate Centre (ADREC) The Abu Dhabi Real Estate Centre (ADREC), launched by the Department of Municipalities and Transport in November 2023, aims to enhance Abu Dhabi's position as a global real estate hub and increase the sector's contribution to the non-oil economy. ADREC leads a significant transformation in Abu Dhabi's real estate sector, centred around four key pillars: Real Estate Strategy, Real Estate Promotion, Real Estate Regulation, and Real Estate Transactions Management. ADREC's focus is on advancing the sector's ecosystem while giving priority to the well-being of tenants, homeowners, developers, and investors. This involves streamlining processes and enhance regulatory frameworks, while utilising advanced technologies to provide sustainable and seamless services. Collaborating closely with all stakeholders, the centre aims to elevate development standards and overall liveability in Abu Dhabi. Moreover, ADREC focuses on innovation, exploring groundbreaking technologies. This comprehensive approach highlights ADREC's commitment to transparency, innovation, and collaboration, positioning Abu Dhabi as an attractive global destination. For media inquiries, please contact: Amer Rashed Albedwawi Email:
