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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
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.
Abu Dhabi rents continue to fall
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.
Aldar Properties shines as investors await good news
Aldar properties made its biggest gain in more than two weeks yesterday, snapping a six-day streak of trading losses as investors speculated about a positive surprise from first-quarter results. Shares in Abu Dhabi’s largest publicly traded developer closed 2 per cent higher at Dh1.55 on the Abu Dhabi Securities Exchange,
Mubadala man takes Aldar top spot
Aldar Properties has elected a new chairman from the top ranks of Mubadala Development to replace Ahmed al Sayegh, the company’s departing leader. Abu Dhabi’s largest property developer will be chaired by Ali Eid al Mehairi, a UAE national who heads Mubadala Infrastructure.
Builders find bread and butter work pays the bills
On a 180 hectare site near Abu Dhabi Golf Club, workers scurry over scaffolding and lorries bring in supplies for long rows of partly built villas. In many places around the country, half-finished housing projects sit dormant as developers look for buyers and financing.
Qatar stocks track upward as result optimism continues
Qatar’s index was one of the best performing and rose to its highest point in two months as traders were optimistic on positive first quarter results coming out of the Gulf state. Property stocks led the momentum on UAE markets as shares in Aldar Properties and Sorouh Real Estate rose 0.7 per cent to Dh1.51 and 1.5 per cent to Dh1.37 respectively.
HQ commercial office tower to welcome first tenants this week
HQ, the eye-catching 23-storey circular office building at Al Raha Beach built by Aldar Properties, will welcome its first tenants this week. Aldar staff and four other firms will transfer into the “Grade A”-quality office building that features concierges, male and female gymnasiums, valet parking and high-speed lifts.
