Abu Dhabi records property transactions worth AED 31 billion

Sunday, 7 July 2019 16:03

Real estate transactions worth over AED 30 billion were registered in Abu Dhabi during the first half of this year.

According to the Department of Urban Planning and Municipalities, Al Reem Island, Al Reef and Yas Island topped the list of locations for sales activities.

The volume of mortgages was also high during the period, reflecting the confidence of lenders in the property market.

Abu Dhabi's real estate laws were updated in April to allow foreigner ownership of freehold property in certain investment zones.

AD REAL ESTATE

More from Business News

UAE, Uzbekistan sign digital infrastructure deal

The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
TECOM Group profit increases 15% on record high occupancy levels

Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony and Apollo submit $26 billion Paramount offer, WSJ reports

Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.
UAE, Iran expand cooperation in additional sectors

The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.

On Virgin Radio today

We're back soon
Midnight - Midnight

Virgin Radio
We're back soon
Midnight - 6:00am

Virgin Radio

Trending on Virgin Radio

Bassem Youssef
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
Regional Artist Spotlight Podcast
Hear Maz & James chatting to the featured artists every month with Flash Entertainment.
Middle East Hot 30
Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...
ARN News Centre
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.