Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, announced today the development of two beaches at Yas Bay Waterfront,Abu Dhabi’s vibrant day-to-night destination on Yas Island. Complementing the existing lifestyle and leisure offerings at the destination, the beaches will span a length of 280 meters each and a combined total of 560 meters. Located on the west

Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Emirates Link Maltauro L.L.C. as the main contractor to carry out the construction work for Casares, phase three of Bloom Living, its fully integrated and all-inclusive residential community in Abu Dhabi. Casares comprises of units that range from two-and three-bedroom townhouses which are scheduled for

Capital 360Event Experiences and Capital Catering +, both subsidiaries of ADNEC Group, today announced that Modon will be the headline sponsor of the Capital Majlis during the Holy Month of Ramadan. Returning to the ADNEC Centre Abu Dhabi and taking place for the first time at the ADNEC Centre Al Ain, the Capital Majlis will offer a diverse array of dishes

Abu Dhabi’s property market had a “record-breaking” year in 2023, with real estate deals surging to AED 87.1 billion ($23.7 billion), the Abu Dhabi Real Estate Centre (ADREC) reported. The value of purchase and sale transactions climbed by 159.5% last year, reaching AED 61 billion, according to ADREC. The overall buying, selling and mortgage activities across the sector also went up

Emirates Global Aluminium (EGA) has stated that its bauxite residue pilot plant in Al Taweelah, Abu Dhabi, is expected to be completed this year. The plant, with a production capacity of up to 6 tonnes/day, will convert bauxite residue, which is a by-product of alumina refining, into manufactured soil, which EGA calls ‘Turba’ (the Arabic word for soil). The Al Taweelah alumina

Eshraq Investments swung to a consolidated loss in 2023, recording a net loss of AED 545.10 million, versus a net profit of AED 589.79 million a year earlier. Revenues from commercial operations recorded AED 31.61 million last year, down from AED 41.01 million in 2022, according to a press release. The basic and diluted loss per share reached AED 0.20 in the

The Real Estate Dispute Settlement Center, part of the  Abu Dhabi Real Estate Center (ADREC) under the  Department of Municipalities and Transport (DMT), has achieved a remarkable milestone in resolving real estate disputes throughout 2023. The center resolved 3,876 out of 4,079 disputes recorded in 2023, achieving a high completion rate of 95%. This accomplishment was reached after real estate mediators conducted 10,376

In the week leading up to Earth Hour, Marriott Hotel and Marriott Executive Apartments, Al Jaddaf, and Marriott Executive Apartments, Dubai Creek announce significant strides in their sustainability initiatives since the close of last year. These efforts underscore the properties' commitment to the hotel groups’ wider mission to create a positive and sustainable impact in the markets in that it operates. At Marriott

The Abu Dhabi Real Estate Centre (ADREC) – the custodian and regulator of Abu Dhabi’s world-class real estate sector – has signed a Memorandum of Understanding (MoU) with two leading real estate portals, Bayut and Dubizzle and Property Finder, to enhance transparency, efficiency, and decision-making in Abu Dhabi's real estate sector. Rashed Al Omaira, ADREC Acting Director General, said, “We are

The UAE’s removal from the Financial Action Task Force grey list is an important milestone and its overarching impact would soon be felt across all economic sectors, including real estate, say property consultants, and realty experts. They argue that the long-awaited decision is going to allow for the free flow of capital into the country, especially from high net worth individuals