Abu Dhabi rents stable in Q4 as delays limit supply
Of the new homes, 18,800 are apartments and 5,950 are villas, the report said adding that about 12,000 units are expected for completion in the first half of the year. New deliveries in 2012 include the first residences on Saadiyat Island, as well as additional projects on Reem Island and Raha Beach.
Rolls-Royce opens Abu Dhabi office
The office, located in the new “HQ” building, developed by Aldar Properties, will become home to all Rolls-Royce employees in Abu Dhabi. Rob Watson, Rolls-Royce, Regional Director – Middle East, said: “This is an exciting time and an important milestone in the continuing development of our business in the UAE.
Aldar builds on success as momentum increases
Aldar Properties, the developer behind some of Abu Dhabi’s most eye-catching projects, yesterday posted its third straight profitable quarter since the company’s debt was restructured in January.
1,220 units at Al Raha completed
Abu Dhabi’s largest real estate developer Aldar Properties’ chief executive officer has said that 1,220 units have been completed this year at the Al Raha Beach development and another 800 units will be completed by the end of this month.
Rental prices in Abu Dhabi fell by 10 per cent
Rents in Abu Dhabi fell by 10 per cent in the second quarter as supply continued to outweigh demand amidst expectations that this phenomenon will prevail for the rest of the year whereby up to 14, 000 residential units, primarily high end, will be handed over in Abu Dhabi by the end of 2011.
Dubai house prices seen declining another 20 per cent
Investment bank Rasmala reckons a 20 per cent downside potential to property prices in Dubai, estimating that an additional 35,000 homes will be delivered in the emirate between 2011 and 2013 – boosting the existing housing stock of an estimated 330,000 units by about 10 per cent.
Accommodation
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1,220 units at Al Raha completed
Abu Dhabi’s largest real estate developer Aldar Properties’ chief executive officer has said that 1,220 units have been completed this year at the Al Raha Beach development and another 800 units will be completed by the end of this month.
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Business & jobs
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Rolls-Royce opens Abu Dhabi office
The office, located in the new “HQ” building, developed by Aldar Properties, will become home to all Rolls-Royce employees in Abu Dhabi. Rob Watson, Rolls-Royce, Regional Director – Middle East, said: “This is an exciting time and an important milestone in the continuing development of our business in the UAE.
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Construction and technology
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Abu Dhabi rents stable in Q4 as delays limit supply
Of the new homes, 18,800 are apartments and 5,950 are villas, the report said adding that about 12,000 units are expected for completion in the first half of the year. New deliveries in 2012 include the first residences on Saadiyat Island, as well as additional projects on Reem Island and Raha Beach.
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Abu Dhabi 2030
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Global firms for Abu Dhabi landscaping event
The world’s leading architectural and landscape architectural firms, planners, contractors and developers are set to share their visions and expertise at an upcoming landscaping event in Abu Dhabi.
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