Latest news with #AbuDhabiMunicipality
Zawya
a day ago
- Business
- Zawya
Planting Seeds for the Future: Miral's CSR Programme cultivates environmental stewardship among youth
Abu Dhabi, UAE – Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, in partnership with Abu Dhabi Municipality (ADM), has concluded its flagship 'Farming in Schools' initiative, a community-driven educational programme aimed at nurturing a new generation of sustainability champions. Over a three-month period, the initiative empowered 120 students from Yasmina British Academy, Mamoura British Academy, Yas American Academy, and the International School of Choueifat to participate in hands-on environmental learning, culminating in the successful cultivation of over 2,500 plants. The initiative falls under the Environment, Education, and Skill Development pillars of Miral's Group CSR Strategy. It reflects the organisation's commitment to driving long-term environmental awareness and equipping future leaders with the tools and mindset needed to contribute to a greener, more resilient tomorrow. Beyond classroom engagement, the programme includes structured follow-up assessments to reinforce sustainability principles, monitor progress, and maintain active student involvement. By fostering a deeper understanding of the natural environment and encouraging tangible contributions to the UAE's sustainability goals, the programme advances national objectives outlined in the UAE Green Agenda 2030 and the Year of Sustainability. This community initiative further aligns with the UAE's Year of Community 2025 and underscores Miral's belief in the power of purposeful education to shape values, encourage climate action, and support the UAE's vision of building a sustainable knowledge-based economy. About Miral Miral is the leading creator of immersive destinations and experiences in Abu Dhabi, that contributes to the growth of the leisure and entertainment industry and Abu Dhabi's economic diversification. It conceives, creates, operates, and manages immersive destinations and experiences that attract visitors from across the world to create unforgettable memories, accelerating the realisation of the Emirate's tourism vision and growth. Responsible for the development of Yas Island and overseeing Saadiyat Island's Destination Management Strategy, Miral's portfolio of world-class assets incorporates entertainment, leisure, culture, sport, dining, retail, and hospitality experiences, aiming to deliver millions of memorable moments for residents and international guests alike. These include Ferrari World Yas Island, Abu Dhabi; Yas Waterworld Yas Island, Abu Dhabi; Warner Bros. World™ Yas Island, Abu Dhabi; SeaWorld® Yas Island, Abu Dhabi; CLYMB™ Yas Island, Abu Dhabi; teamLab Phenomena Abu Dhabi; Yas Marina; and Yas Bay Waterfront, home to the UAE's largest indoor multi-purpose venue Etihad Arena, amongst others. Miral also has several projects being developed on Yas Island and across the emirate, including Natural History Museum Abu Dhabi, a Harry Potter-themed land within Warner Bros. World™ Abu Dhabi, the expansion of Yas Waterworld Abu Dhabi, and a Disney Theme Park Resort. Miral encompasses three subsidiaries: Miral Destinations, which promotes unique destinations; Miral Experiences, which operates a diverse portfolio of world-class, award-winning immersive experiences; and Yas Asset Management, which operates and manages a portfolio of vibrant destinations including F&B, retail, marinas, and hospitality properties across Yas Island.
Khaleej Times
27-05-2025
- Business
- Khaleej Times
Abu Dhabi residential market shows resilience amid supply constraints
Average real estate sales rates across the Abu Dhabi market rose to Dh16,200 per sqm in Q1 2025 from Dh14,100 per sqm in Q1 2024, representing a 13.4 per cent year-on-year increase, a report showed on Tuesday. According to Savills' latest Abu Dhabi Residential Market in Minutes – Q1 2025 report, the share of ready property transactions grew to 68 per cent, compared to 44 per cent in 2024 and 25 per cent in 2023, indicating stronger demand for move-in ready stock. The report reveals that while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8 per cent GDP increase in 2024, with the UAE's economy forecast to grow by 4.7 per cent in 2025, according to Oxford Economics. The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39 per cent year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. In the villa segment, capital values increased by seven per cent on Al Reef, 10 per cent on Yas Island, and 26 per cent on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22 per cent, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63 per cent of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, said: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities.
Arabian Business
27-05-2025
- Business
- Arabian Business
Abu Dhabi real estate transactions fall, prices rise; best-performing areas in Q1 revealed
Abu Dhabi residential real estate transaction volume fell by almost 40 per cent, but prices increased in Q1 2025, according to the Savills Abu Dhabi Residential Market in Minutes – Q1 2025 report. The Savills research shows that, while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8 per cent GDP increase in 2024, with the UAE's economy forecast to grow by 4.7 per cent in 2025, according to Oxford Economics. Abu Dhabi real estate supply The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39 per cent year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. Average sales rates across the market rose from AED14,100 ($3,840) per sqm in Q1 2024 to AED16,200 ($4,410) per sqm in Q1 2025, representing a 13.4 per cent year-on-year increase. The share of ready property transactions grew to 68 per cent, compared to 44 per cent in 2024 and 25 per cent in 2023, indicating stronger demand for move-in ready stock. In the villa segment, capital values increased by 7 per cent on Al Reef, 10 per cent on Yas Island, and 26 per cent on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22 per cent, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63 per cent of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, said: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities.
Zawya
27-05-2025
- Business
- Zawya
Abu Dhabi residential market shows resilience amid supply constraints, reports Savills
Savills latest Abu Dhabi Residential Market in Minutes – Q1 2025 reveals that while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8% GDP increase in 2024, with the UAE's economy forecast to grow by 4.7% in 2025, according to Oxford Economics. The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39% year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. Average sales rates across the market rose from AED 14,100 per sqm in Q1 2024 to AED 16,200 per sqm in Q1 2025, representing a 13.4% year-on-year increase. The share of ready property transactions grew to 68%, compared to 44% in 2024 and 25% in 2023, indicating stronger demand for move-in ready stock. In the villa segment, capital values increased by 7% on Al Reef, 10% on Yas Island, and 26% on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22%, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63% of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, commented: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities. Read the complete findings of the reports here: Abu Dhabi Residential Market Q1 2025 Report About Savills Middle East: Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt, and Saudi Arabia. Expertise includes property management, residential and commercial agency services, property and business assets valuation, and investment and development advisory. Originally founded in the UK in 1855, Savills has an international network of over 700 offices and associates employing over 40,000 people across the Americas, UK, Europe, Asia Pacific, Africa, and the Middle East. For further information, please contact: Savills press office:
Gulf News
04-05-2025
- General
- Gulf News
UAE: Abu Dhabi issues warning over unauthorised flyers and posters — fines up to Dh4,000
Abu Dhabi authorities have issued a stern warning against the unauthorised posting of flyers and posters in public spaces, with fines of up to Dh4,000 for violators. This measure is part of ongoing efforts to preserve the city's aesthetic appeal and prevent the defacement of public areas. In a recent statement on social media, the Abu Dhabi Department of Municipalities and Transport (DMT) reinforced that placing printed or written materials in public spaces without prior approval is strictly prohibited. The DMT is actively enforcing Law No. 2 of 2012, which aims to protect the city's cleanliness, visual appeal, and public safety. According to Clause No. 56, placing materials on parked vehicles, poles, or any public structure requires explicit authorisation. Public awareness drive It's advisable for individuals and businesses looking to display any form of public notices or advertisements in Abu Dhabi to seek official approvals to avoid these hefty fines. This likely involves contacting the Abu Dhabi Municipality or the relevant department to understand the regulations and obtain the necessary permits. As part of its ongoing awareness efforts, the DMT is urging residents to keep residential alleys, public walkways, and commercial areas clean. Littering or dumping waste in non-designated spaces—such as sidewalks or between buildings—is a violation of municipal law and poses health risks. Residents are encouraged to report violations and help clear shared spaces to support hygiene and maintain the emirate's image. New rules on rooftop and balcony storage In a related initiative, the DMT has issued new regulations targeting the improper use of rooftops and balconies. Storing materials in a way that disrupts the building's visual appeal or endangers public health is now punishable under the law. Fines for violations: Dh500 for the first offence Dh1,000 for the second Dh2,000 for third and repeat offences The department specifically warned against storing disused furniture, construction debris, or general clutter, which can damage Abu Dhabi's image and pose safety hazards. Inspections and enforcement underway To ensure compliance, DMT teams are conducting citywide inspections across Abu Dhabi and its suburbs. The department has called on residents, businesses, and property owners to follow the regulations and help uphold the capital's high standards of cleanliness and order.
