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On the Market: A two-bedroom apartment in Al Raha Beach
Dh105,000. Annual rent for a two-bedroom apartment in Al Muneera, Al Raha Beach, Abu Dhabi. Features.The apartment is located on the sixth floor and offers great views of the sea and canals; there is wood flooring throughout, as well as fitted kitchen appliances and built-in wardrobes in each bedroom
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.
Luxury digs coming to Corniche
The new towers on the Corniche are coming on to the market at the same time as thousands of apartments are being completed on Reem Island and Raha Beach. Jones Lang LaSalle predicts that 16,000 new homes will be completed in Abu Dhabi this year.
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.
Handover of Al Zeina homes begins
Aldar Properties said on Monday that hand-over to homeowners has commenced at the beachfront Al Zeina residential development in its Al Raha Beach project. “Delivery of the first phase of the development which consists of three precincts… began last week, with the remaining homes scheduled for delivery this September,” Aldar said in a statement.
Villas at Aldar’s Al Bateen Park go on sale today
Just 87 homes available for UAE Nationals in the heart of Abu Dhabi. Aldar Properties PJSC, Abu Dhabi’s leading property development, management and investment company, today announced the release of new homes for UAE Nationals in the Al Bateen Park development at the heart of Abu Dhabi Island.
48 hours in Abu Dhabi
Visitors looking for a mix of futuristic flair, up and coming development and historic charm might enjoy spending some time in Abu Dhabi, capital of the United Arab Emirates. Abu Dhabi is the largest and wealthiest of the UAE’s seven emirates and has most of the country’s oil reserves.
IHG plans Middle East expansion
InterContinental Hotels Group (IHG), the biggest hotel chain in the world, is aiming to increase the number of its hotels in the region by 50 per cent within the next four years, although some of its projects have suffered delays. In Abu Dhabi, an InterContinental hotel is planned for Al Raha Beach, but it is not expected to open until 2015.
