Category Archives: Real Estate

Real Estate

Asteco 2023 Q4 Report: UAE Real Estate Market Surges Amid Global Uncertainties

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Asteco 2023 Q4 Report: UAE Real Estate Market Surges Amid Global Uncertainties

Abu Dhabi, 07February2024–According to the Asteco 2023 Q4 real estate report,the UAE market witnessed unprecedented growth during 2023despite the variousglobal challenges.The report anticipates continued positive trajectory over 2024. Key strategic initiatives, including the UAE Tourism Strategy 2031 and ‘We the UAE 2031,’ are expected to fortify the UAE’s standing as one of the premier destinations globally.

2023 Highlights

In 2023, record-breaking figures were observed in terms of individual unit sales values, transactional volumes and project launches. The luxury market attracted significant attention, showcasing some of the most remarkable transactions to date.

The surge in transitioning annual leases into short-term rental properties for short-term gains and the lag in new deliveries stemming from Covid related development delays have amplified the supply-demand dynamics at play, and ultimately resulted in heightened rental pressure.

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Real Estate

Landmark announcements and growing demand points to a promising future for Ras Al Khaimah real estate

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Landmark announcements and growing demand points to a promising future for Ras Al Khaimah real estate

Ras Al Khaimah, UAE – January 2024: Bayut, the UAE’s leading property portal, has released their latest Ras Al Khaimah Market Report, with detailed insights on search trends in the northernmost emirate in 2023. In the past two years, the Ras Al Khaimah real estate market has seen a notable increase in activity, which is expected to continue into 2024. The same outlook is also reflected in Bayut’s Ras Al Khaimah 2023 market report. An analysis of search trends on Bayut has shown that demand for both villas and flats grew steadily, driving property prices upwards in most of the highly searched areas of the emirate.

The implementation of zero tax and the option of full foreign ownership have emerged as key catalysts, successfully attracting global investors to the emirate. Several property projects, including Cape Hayat on Hayat Island (Mina Al Arab) and the complete inventory on Al Marjan Island in RAK have been reported as sold out, underscoring the growing interest and confidence in the real estate sector.

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Real Estate

Inaugural UAE Property Forum in Brazil Concludes Successfully

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Inaugural UAE Property Forum in Brazil Concludes Successfully

  • Saleh Al-Suwaidi: The forum is a significant addition to the real estate sector and strengthens relations between the two countries.
  • The forum received support from various government and private entities, with prominent participation from Nakheel.

Dubai, UAE, 07 February, 2024: The first UAE Property Forum concluded at the Tivoli Mofarrej hotel in Sao Paulo, Brazil. The event was hosted by the United Arab Emirates Embassy in Brazil and the United Arab Emirates Consulate General in Brazil over two days. It featured the participation of leading real estate developers from the UAE with the aim of enhancing growth and collaboration in the real estate sector and strengthening relations between the two countries.

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Real Estate

Burtville launches the “Ville 11” in Masdar City

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Providing 111 housing units–Burtville launches the “Ville 11” in Masdar City

* Improved activity in the real estate market enhances the company’s plans to expand and launch new projects in Abu Dhabi

* Construction works start at the site in Masdar City, hand off within 3 years

(Abu Dhabi – February 06,2024)

Burtville Real Estate, the leading UAE real estate developer, announced launching the new “Ville 11” in Masdar City, Abu Dhabi, to provide 111 residential units. The project will make a new addition to their portfolio of real estate projects in Masdar City, one of the most sustainable urban communities in the world.

Burtville said that the Abu Dhabi real estate market is in remarkable activity nowadays, which encourages many companies to start their business in the emirate, and to continue offering new projects that meet the increasing demand for purchasing real estate in Abu Dhabi.

Burtville established business in Abu Dhabi during the past year, and intends to develop a number of new real estate projects in Abu Dhabi in the near future through a number of distinguished locations in the emirate.

The company confirmed the start of construction works on the project recently, in preparation for the completion and hand off on the scheduled by the third quarter of 2027.They recently got a registration certificate for the “Ville 11” project from Abu Dhabi Department of Municipalities and Transport.

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Real Estate

شركة “برتفيل للتطوير العقاري” تطلق مشروع “فيل 11” في مدينة مصدر بأبوظبي.

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يوفر 111 وحدة سكنية

شركة “برتفيل للتطوير العقاري” تطلق مشروع “فيل 11” في مدينة مصدر بأبوظبي.

* تحسن النشاط بالسوق العقاري يعزز خطط الشركة للتوسع وإطلاق مشاريع جديدة بأبوظبي .
* بدء الأعمال الإنشائية بموقع المشروع في مدينة مصدر والتسليم خلال 3 سنوات.

الإمارات العربية المتحدة، 06 فبراير 2024:

كشفت شركة برتفيل للتطوير العقاري “Burtville”، الشركة المتخصصة في مجال التطوير العقاري بالإمارات، عن إطلاق مشروع “فيل 11” (ville 11) الجديد في مدينة مصدر بأبوظبي، والذي يتألف من 111 وحدة سكنية، ما يمثل إضافة جديدة لمحفظة المشاريع العقارية في مدينة مصدر، إحدى أكثر المجتمعات العمرانية استدامة في العالم.

وأوضحت برتفيل للتطوير العقاري أن السوق العقاري في أبوظبي يشهد نشاطا ملحوظا خلال الفترة الحالية ما يشجع العديد من الشركات على بدء أعمالها بالإمارة، ومواصلة طرح المزيد من المشاريع الجديدة التي تلبي الطلب المتزايد على شراء العقارات بأبوظبي.

وباشرت برتفيل للتطوير العقاري تأسيس أعمالها في أبوظبي خلال العام الماضي، حيث تعتزم الكشف عن عدد من المشاريع العقارية الجديدة في أبوظبي خلال الفترة المقبلة بعدد من المواقع المتميزة بالإمارة.

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