News Archive: archive

03, 2012 April:

Downturn for property rents in Abu Dhabi as market is flooded with new supply

Residential property rental rates in Abu Dhabi fell by 5% in the first quarter of 2012 as a wave of new supply began to hit the market, according to the latest real estate report from Asteco.

12, 2012 March:

UAE developers Aldar, Sorouh eye state-backed merger

Abu Dhabi's struggling developer Aldar Properties may merge with local rival Sorouh Real Estate in a state-backed tie-up that could create a company worth some $15 billion in assets.

24, 2012 February:

Most expats in the UAE don’t know about local customs and culture

Some seven out of 10 expats in the United Arab Emirates have a poor knowledge of the area’s culture and don’t know about local customs and traditions, a poll shows.

21, 2012 February:

House-hunters look to UAE to avoid Eurozone

British house-buyers looking to invest abroad are increasingly willing to move outside of Europe, according to research from PrimeLocation.com.

07, 2012 February:

No upturn in 2012 as UAE market continues to decline

Housing analysts in the UAE reported this week that the housing market there will continue to decline as the region goes on suffering from too much supply.

17, 2012 January:

Agents set for new developer-helping Abu Dhabi law

Overseas property agents in Abu Dhabi are getting ready for the introduction of a new real estate law designed to support developers working in investment zones such as Saadiyat Island, Reem Island and Al Raha Beach.

06, 2012 January:

Aldar bailout could spell good news for Abu Dhabi

Abu Dhabi’s bailout of the emirate’s biggest holdings company Aldar Properties PJSC could spell good news for the area if the firm can focus its resources, according to a financial services specialist.

16, 2011 December:

UAE developers need to improve apartment handovers says Cluttons

The international agency group Cluttons has accused developers based in the UAE of not trying hard enough to hand over the management of apartment blocks to their owner associations because of the financial gains involved.

05, 2011 December:

Global housing markets struggling

The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.

30, 2011 November:

New laws will boost Abu Dhabi home sales

The Abu Dahbi residential market is poised for major growth as overseas and domestic buyers gain more and more confidence from the city’s new property laws and regulations says Ozone Real Estate, an international broker group based in the United Arab Emirates (UAE).

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