Latest news with #AbuDhabiRealEstateCentre
Time Out Abu Dhabi
2 days ago
- Business
- Time Out Abu Dhabi
Foreign investors, big sales and hotspots galore: Inside Abu Dhabi's real estate rush
Looking to buy, invest or just curious about Abu Dhabi's booming property scene? The numbers are in – and the capital's real estate market is on fire. The first half of 2025 saw a jaw-dropping Dhs51.72 billion in real estate transactions. That's a 39 percent jump from the same period last year, according to the latest figures from the Abu Dhabi Real Estate Centre (ADREC). What's driving the surge? A mix of high-end new developments, tech-savvy buying experiences and growing international buzz around the city's lifestyle, safety and stability. A big win for buyers, sellers – and everyone in between From Saadiyat Island's beachfront mansions to investment-friendly flats in Mohammed Bin Zayed City, the emirate saw more than 14,000 property deals in just six months. Sales and purchases alone hit Dhs32.69 billion, while mortgage activity soared past Dhs19 billion. If you've been thinking about jumping into the market – whether for your dream home or a rental investment – now might be the time. Abu Dhabi is going global One of the most exciting trends? The spike in international interest. Over 85 nationalities invested in the capital's real estate market this year – from Russia and China to the UK and US – showing just how far Abu Dhabi's appeal has travelled. Foreign Direct Investment (FDI) alone topped Dhs3.38 billion, proving that global confidence in Abu Dhabi's real estate scene is not just growing – it's thriving. So, where's everyone buying? It's no surprise that Saadiyat Island leads the pack, with over Dhs9.1 billion in transactions. Between the Louvre Abu Dhabi, luxury resorts and stunning sea views, it ticks all the boxes. Yas Island comes in second with Dhs5.86 billion, thanks to its mix of entertainment, family living and waterfront property. Other hot spots include Al Bahia, Al Reem Island and Khalifa City. What's behind the boom? Aside from beautiful properties and beachfront living? ADREC credits recent innovations like automated services and faster processes for making it easier than ever to buy, sell and invest. That, combined with Abu Dhabi's economic stability, makes the city a serious contender on the global real estate stage. We're watching this space closely – and if the second half of the year keeps up this pace, 2025 might just be Abu Dhabi's biggest year in real estate yet. Eng Rashed Al Omaira, Acting Director General of ADREC, said: 'The first-half performance reflects the growing confidence in Abu Dhabi's real estate market, from both global and national investors, reflected in the sustained growth in transaction values and continued increase in foreign investment. 'The recent launch of high-quality projects has further energised the market and opened doors to attractive investment opportunities, reinforcing Abu Dhabi's attractiveness as a leading destination for sustainable real estate investment. Additionally, the initiatives ADREC recently launched and the facilitations it offered, including automation of a large number of processes and services, had a pivotal role in reaching this achievement, through streamlining the investor's journey, accelerating transactions and enhancing transparency.' More going on in Abu Dhabi Everything happening in Abu Dhabi in 2025 From new openings to big events, this is shaping up to be quite a year It's official: Abu Dhabi Comedy Season is returning for a second edition with some huge names Wow, look at this line-up Abu Dhabi's best restaurants: Everywhere you should eat at least once Your dinner inspo is sorted
Al Etihad
2 days ago
- Business
- Al Etihad
Abu Dhabi Real Estate Centre records Dh51.7bn+ in real estate transactions in H1 2025
28 July 2025 12:01 ABU DHABI (ALETIHAD)The Abu Dhabi real estate sector delivered outstanding performance in the first half of 2025, with the total real estate transaction value increasing by 39 per cent compared to the same period in total value reached Dh51.72 billion, up from Dh37.2 billion last year, according to data released by the Abu Dhabi Real Estate Centre (ADREC).The number of property transactions increased by 12 per cent, reaching 14,167 deals, reflecting accelerated market activity underpinned by notable increases in sales, purchases, and mortgage and purchases transactions grew 32 per cent in value, reaching Dh32.69 billion through 7,964 transactions, while mortgage transactions recorded a significant 52 per cent increase in value, amounting to Dh19.03 billion through 6,204 first half of the year witnessed increased interest from international investors. Foreign Direct Investment (FDI) transactions reached 890, a 3.3 per cent increase in total value, amounting to Dh3.38 billion. The number of nationalities who invested grew to 85, up 10 per cent compared to the same period last year, underscoring the growing global confidence in Abu Dhabi's real estate market attracted strong interest from investors from major and emerging economies including Russia, China, the United Kingdom, France, Kazakhstan and the United States, which reflects Abu Dhabi's position as a global investment hub that combines economic stability with high-quality terms of transaction values by area, Saadiyat Island maintained its lead at more than Dh9.1 billion, followed by Yas Island at Dh5.86 billion, and Al Bahia at Dh3.98 locations that recorded strong transactions included Mohammed Bin Zayed City, Al Reem Island, Al Riyadh City, and Khalifa City, highlighting the broad geographic spread of real estate activity across the Al Omaira, Acting Director General of ADREC, said: 'The first-half performance reflects the growing confidence in Abu Dhabi's real estate market, from both global and national investors, reflected in the sustained growth in transaction values and continued increase in foreign investment. The recent launch of high-quality projects has further energised the market and opened doors to attractive investment opportunities, reinforcing Abu Dhabi's attractiveness as a leading destination for sustainable real estate investment. "Additionally, the initiatives ADREC recently launched and the facilitations it offered, including automation of a large number of processes and services, had a pivotal role in reaching this achievement, through streamlining the investor's journey, accelerating transactions and enhancing transparency.' ADREC continues to advance its legislative framework and enhance the user experience in line with the emirate's economic ambitions, strengthening its regional and global competitiveness. Source: Aletihad - Abu Dhabi
Arabian Business
16-07-2025
- Business
- Arabian Business
Abu Dhabi real estate: New property laws explained
Abu Dhabi has launched sweeping real estate law reforms that create a 'triple protection' system for investors along with fines of up to AED 2 million for violations, experts told Arabian Business. The reforms, which came into effect on August 2, introduce more robust protections for developers, purchasers, and financiers. The changes are enforced through the Abu Dhabi Real Estate Centre (ADREC), which is the central regulator for the emirate's property sector. New Abu Dhabi real estate laws enhance investor protections and escrow rules 'The new real estate laws in Abu Dhabi introduce significant protections and opportunities for investors,' Nada Osman Jaouhar, Abu Dhabi Branch Director at Betterhomes said. 'The 2025 amendments provide 'triple protection' covering developers, purchasers, and financiers, creating a more secure investment environment. Investors will benefit from stricter escrow account regulations, where developers can only access funds after achieving 20 per cent project completion, reducing the risk of stalled projects. The laws also clarify mortgage frameworks and introduce a centralised Real Estate Development Register, enhancing transparency,' she added. Among the most significant changes is the ability for developers to cancel off-plan sales agreements without court intervention. 'Yes, developers can now cancel off-plan contracts without court intervention, but this action is strictly regulated,' Jaouhar explained, adding that developers may terminate contracts if purchasers default on payments, but only after obtaining approval from ADREC. 'This change aims to expedite dispute resolution while safeguarding buyers' rights, as purchasers retain the option to appeal through arbitration or the courts. The requirement for ADREC oversight ensures that cancellations are justified and not abused, maintaining a fair balance between developer flexibility and buyer protections,' she said. The reforms also target Abu Dhabi's ambition to attract more institutional capital into the real estate market. 'These reforms introduce stronger legal protections, clearer title frameworks, and enhanced oversight of developers, reducing regulatory friction, increasing transparency and strengthening confidence in asset underwriting, investing, and market liquidity for exits,' Mohamed Ali, Senior Director at GFH Partners Ltd said, adding that the timing of these reforms aligns with significant growth projections for Abu Dhabi's logistics sector. 'Abu Dhabi's logistics sector is projected to grow at a CAGR of over 5 per cent through 2028, fueled by accelerating e-commerce demand, supply chain modernisation, and major infrastructure developments such as the expansion of Khalifa Port, KEZAD, and Etihad Rail,' he added. Aside from this, the new legal framework offers a 'more stable and transparent foundation for developing and managing assets in these high-growth segments, particularly build-to-suit logistics facilities, cold-chain storage, and light manufacturing,' Ali said. Property management restructured through new Owners' Committees The new laws also restructure property management by replacing Owners' Associations with Owners' Committees. These committees now focus on strategic oversight, while daily operations are outsourced. 'Owners' Committees, introduced under the new laws, serve as advisory and oversight bodies, focusing on strategic decision-making. Day-to-day management of properties, including maintenance of shared spaces, is outsourced to professional firms,' explained Jaouhar. 'In contrast, the previous Owners' Associations were responsible for both oversight and operational tasks, often leading to inefficiencies.' Dispute resolution mechanisms have also been revised. ADREC will now mediate conflicts, including those related to contract terminations. 'The new rules simplify dispute resolution by introducing a more structured and efficient process. ADREC now acts as a mediator, reducing the need for lengthy court proceedings,' Jaouhar said. 'The laws provide clear guidelines for contract terminations and other disputes, ensuring both parties have defined avenues for recourse.' In the leasing segment, new rules introduce a Rental Index and enforce limits on rent increases. 'The introduction of a Rental Index now benchmarks lease rates by asset type and location, while annual rent increases are capped between 5–10 per cent,' Ali explained, adding lease agreements must also be 'registered and monitored through Tawtheeq, ensuring equitable leasing practices and enabling more predictable rental escalations.' New licensing rules and penalties for real estate professionals Real estate professionals must also adhere to new licensing requirements under ADREC's unified regulatory framework. 'Real estate professionals must adapt to expanded definitions of regulated activities, including brokerage, valuation, and property management. Licensing requirements are now more stringent, with all professionals required to register with ADREC,' Jaouhar warned. 'The laws also impose strict penalties for violations, such as misusing escrow funds or failing to comply with service charge regulations.' The new enforcement structure includes fines of up to AED 2 million. 'Property owners who default on service charges may face restrictions on disposing of their assets until payments are settled,' she added. ADREC is now responsible for a broader range of functions, including developer registration, contract termination approvals, and compliance monitoring. 'ADREC's role has been expanded to serve as the central regulatory authority for Abu Dhabi's real estate sector. The agency now oversees developer registrations, approves contract terminations, and mediates disputes between buyers and developers,' Jaouhar said, adding that ADREC also monitors compliance with escrow account regulations and imposes fines for violations. 'The new rules ensure the protection and sustainable management of shared spaces through professional oversight. Owners' Committees will oversee the allocation of service charges to maintain communal facilities, while professional management firms handle daily operations,' Jaouhar explained, adding that 'this structure guarantees that resources are used efficiently and that shared amenities like pools and gyms are properly maintained.' The reforms also support broader investor accessibility by enhancing transparency and expanding foreign investment avenues. The introduction of verified property listing platforms, improved land ownership clarity, and increased accessibility for foreign capital positions Abu Dhabi to pursue institutional-grade opportunities aligned with long-term growth strategies, Ali concluded.
Al Etihad
08-07-2025
- Business
- Al Etihad
Madhmoun permit system comes into force, aims to promote transparency in property advertisements
8 July 2025 12:49 A. SREENIVASA REDDY (ABU DHABI)The Madhmoun digital permit system, launched by the Abu Dhabi Real Estate Centre (ADREC), officially came into force on Monday (July 7), marking a significant milestone in regulating property advertising across digital platforms in the emirate. This was confirmed in a set of documents shared with Aletihad by Property Finder, a property portal commissioned by ADREC to raise awareness and guide real estate agents on the new regulations. In a notice to one of the property advertisers, ADREC stated, 'We emphasise that obtaining the prior 'Madhmoun' permit through the Abu Dhabi Real Estate Centre's portal 'ADREC' is mandatory as of 07/07/2025 for all types of real estate advertisements within the emirate.' The notice further warned that 'violation of the regulations will result in the imposition of legal and administrative measures by ADREC.'Madhmoun — which means 'verified' in Arabic — is the first governmental Multiple Listing Service (MLS) platform in the GCC. Developed by ADREC, it is designed to enhance transparency, trust, and efficiency in the real estate sector by ensuring that only authorised and verified property listings are published online. The system allows a maximum of three approved brokers to advertise each listing, reinforcing accountability and curbing the new regulation, all property listings published after July 7 must carry a valid Madhmoun permit issued through ADREC's DARI platform. The initiative aims to streamline the advertising process while ensuring compliance with legal and regulatory standards. It also supports the UAE's broader goal of building a transparent, investor-friendly real estate to ADREC, Madhmoun offers real estate professionals a secure and streamlined way to manage listings through automated API-based publishing. Future platform updates will introduce broker-to-broker collaboration, direct deal-making, and global listing integrations.'By aligning Abu Dhabi's real estate practices with international standards, Madhmoun provides professionals with access to a broader market, increased credibility, and greater opportunities for growth and international exposure,' an ADREC website post the regulation does not apply universally. Properties located within the jurisdiction of Abu Dhabi Global Market (ADGM) — specifically on Al Maryah Island and Al Reem Island — are currently excluded from the Madhmoun permit property types are also exempt. Hotel apartments require a Madhmoun permit only if they are managed by local entities and owned by UAE nationals. Holiday homes, generally governed by the Department of Culture and Tourism (DCT), are excluded unless registered under Tawtheeq, in which case a permit is DARI platform offers step-by-step guidance on how brokers and property owners can obtain permits for listings, whether for sale or rent. Only up to three brokers are permitted to advertise a single listing online, in accordance with Madhmoun support the launch, Property Finder, a leading real estate portal, has partnered with ADREC to roll out a series of agent training sessions. These sessions offered a pre-launch demonstration of the Madhmoun system and provided agents with an opportunity to raise questions and prepare for the transition.'We applaud ADREC's efforts and offer our complete support as it launches this milestone platform to promote trust by instituting accuracy, availability, and authorisation for all listings, ultimately boosting Abu Dhabi's status as a leading real estate hub,' said Cherif Sleiman, Chief Revenue Officer at Property Finder. 'We are proud to partner with ADREC to facilitate much-needed conversations about the launch and set up agents for success as they navigate the new platform.' A press statement on the DARI portal in April also noted that ThinkProp, a leading real estate training institute, is working closely with ADREC to educate brokers and trainees on utilising the platform effectively.
Al Etihad
03-07-2025
- Business
- Al Etihad
Abu Dhabi provides Selling and Buying Housing Grants to bring parents, caregivers into closer proximity services
3 July 2025 10:44 ABU DHABI (ALETIHAD)In collaboration with the Department of Community Development – Abu Dhabi, the Family Development Foundation (FDF) and the Abu Dhabi Real Estate Centre (ADREC) have provided Selling and Buying Housing Grants to bring parents and their primary caregiver into closer proximity service, under the Barakatna initiative, to strengthen parent-child relations, as well as broader community Mohammed Al Ali, Director of the Family Development Department at the Family Development Foundation, reaffirmed the foundation's commitment to delivering superior services and programmes tailored to enhance the well-being of senior citizens. She remarked that such initiatives encourage them to actively engage with their family members and the broader Ali also discussed the initiative's secure login process through the TAMM platform using one's digital ID. The first step consists of submitting an application and receiving a confirmation notification. FDF will then schedule a home visit for evaluation, after which the applicant will receive a confirmation of the appointment. Once the specialised team completes this assessment, a notification is issued via the platform, confirming the approval of one of the parents as a dependant in need of care to those who further noted that FDF is authorised to confirm whether an individual qualifies as the primary caregiver of their parent. However, Her Excellency further clarified that obtaining this confirmation is not a prerequisite for approval of the housing grant sale and purchase service, which seeks to bring parents and children addition, Al Ali explained that the application review process would take around 30 working days and affirmed that the seller must notify the buyer to accept the preliminary sale approval notification issued by the TAMM platform to have the application forwarded to the foundation to complete the social his part, Rashed Al Omaira, Acting Director General of the Abu Dhabi Real Estate Centre, said: 'The Abu Dhabi Real Estate Centre is pleased to manage and execute the newly launched housing grant sale and purchase service."He added, "This aligns with our commitment to facilitating seamless and flexible experiences, led by a focus on enhancing customer convenience and upholding the highest standards of efficiency and professionalism. We aim to streamline all key stages of the process - from receiving applications, auditing, and coordinating with relevant entities to completing the transaction - aligning with Abu Dhabi's legal and regulatory frameworks, while ensuring the highest levels of accuracy and transparency." Al Omaira said: 'We take great pride in implementing strategic programmes as part of the Barakatna initiative, particularly the housing grant sale and purchase service, which aims to improve quality of life for senior citizens through flexible housing solutions that cater to their unique needs. We provide a comprehensive service system, leveraging advanced digital solutions that ensure efficiency, speed, and personal support. As part of this service, we will work in collaboration with FDF and all strategic partners to enhance the comfort and stability of senior citizens and their families, further consolidating our role as catalysts for the sustainable development of Abu Dhabi's real estate sector.' Source: Aletihad - Abu Dhabi
