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Rental prices in Abu Dhabi fell by 10 per cent

Posted on Jul 27, 2011 in Business & jobs, Featured, Gulf News | 0 comments

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.

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Dubai house prices seen declining another 20 per cent

Posted on Jul 22, 2011 in Accommodation, Business & jobs, Featured, Press | 0 comments

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.

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Handover of Al Zeina homes begins

Posted on Jul 19, 2011 in Accommodation, Featured, Gulf News | 0 comments

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.

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Abu Dhabi rents continue to fall

Posted on Jul 5, 2011 in Business & jobs, Featured, The National | 0 comments

Two bedroom apartments in a quality development on the Corniche are now renting for between Dh140,000 and Dh170,000 a year, the company reported. One of the few exceptions to the trend is Al Bandar on Raha Beach, where two bedroom apartments are attracting between Dh140,000 and Dh180,000.

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Gardens Plaza opens on June 4

Posted on Jun 1, 2011 in Business & jobs, Featured, Khaleej Times | 0 comments

Gardens Plaza, a new shopping and community centre in Al Raha Gardens, has been completed by Aldar Properties and will open to customers on June 4. The latest addition to Aldar’s growing retail portfolio, Gardens Plaza will offer a range of retail and leisure opportunities to residents of Al Raha Gardens and surrounding communities in Khalifa City and Al Raha Beach.

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Aldar rules out government aid

Posted on May 25, 2011 in Business & jobs, Featured, Khaleej Times | 0 comments

Abu Dhabi’s biggest developer Aldar Properties does not need financial support from the government of Abu Dhabi, a top official said. “We are in a stable condition, I don’t think there will be a need,” Chief Executive Officer Sami Asad told reporters

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