The overall value of real estate transactions in Abu Dhabi reached AED 58 billion last year.
According to the department of municipalities and transport, there were 19,000 dealings in total, involving sales and mortgages of land, buildings and residential units.
Attractive payment plans and offers from developers are some of the key factors behind the growing numbers.
Al Reem Island topped the list of areas with the most number of transactions, followed by Yas Island, Al Reef and Al Shamkha.
Greenpeace must pay $667m over US Standing Rock protests
Greenpeace must pay a Texas-based pipeline company nearly $667 million (AED 2.4 trillion) in damages for the environmental advocacy group’s role in 2016-2017 protests against the Dakota Access Pipeline in North Dakota, a jury said Wednesday.
Sheikh Tahnoon discusses latest advancements in AI with Musk, Ellison
His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, has discussed ways to expand collaboration in key sectors where AI can play a transformative role during talks with Elon Musk and Oracle CTO Larry Ellison.
UAE, Tunisia launch CEPA negotiations
The UAE and Tunisia have announced the start of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to strengthen bilateral trade and investment.
Google charged with breaching EU rules, Apple told to open up to rivals
Alphabet unit Google was hit with two charges of breaching landmark EU rules on Wednesday while Apple was ordered to help rivals connect with its iPhones and iPads, as antitrust regulators continued a crackdown against Big Tech.
Dubai Land Department trials 'Real Estate Tokenisation Project'
The Dubai Land Department (DLD) has launched the pilot phase of its 'Real Estate Tokenisation Project', making it the first real estate registration entity in the Middle East to implement tokenisation on property title deeds.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
