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27 New Real Estate Projects Launched in Abu Dhabi

Shafiqa Nader Al Blooshi, Director of Developer Affairs and Licensing at the Abu Dhabi City Municipality, part of the Department of Municipalities and Transport, announced that 27 new real estate projects have been registered this year across various areas of the emirate. Key locations for these projects include Al Reem Island, Yas Island, Saadiyat Island, and Al Ramhan Island.

In statements to the press during a recent real estate development workshop organized by the Abu Dhabi City Municipality, Al Blooshi highlighted that these projects will provide 6,700 new residential units. These projects are available for purchase by individuals of all nationalities.

Among the registered projects are Al Ramhan Island and the Sustainable City in Yas Island. Additionally, seven new real estate projects have been registered on Al Reem Island, including “Reem Hills,” “Pearl 3,” and “Maria Vista 3,” as well as the “Plaza” project in Masdar City.

Al Blooshi noted that nearly 100 escrow accounts have been opened this year, underscoring the robustness and transparency of the real estate sector in Abu Dhabi. She encouraged potential investors to make use of the smart applications introduced by the Department of Municipalities and Transport, including the “DARI” app, which provides detailed information about real estate projects, escrow accounts, and helps control the market and prevent fraudulent sales.

Al Blooshi stated: “The DARI digital platform launched by the department aims to integrate real estate services in Abu Dhabi into a unified platform, offering users a flexible and seamless experience in managing various real estate transactions. This enhances the attractiveness of real estate investment and ensures transparency in providing data to investors. It also helps any investor purchasing property in any project to view the project name, completion percentage, and the latest updated photos, ensuring transparency and enabling investors to understand their rights and the relationship between the municipality and all real estate professions, including brokerage firms, primary and secondary developers, surveying companies, and appraisal firms.”

During the opening session of the real estate development workshop in Abu Dhabi, Dr. Adeeb Al Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, emphasized the department’s commitment to providing an ideal environment, comprehensive infrastructure, effective services, and regulatory laws to offer attractive investment opportunities in Abu Dhabi and build an efficient and transparent real estate market.

He said: “Through meetings with real estate developers, we strive to leverage resources and strengthen close relationships with investors and real estate development companies to promote the growth of this vital sector, in line with our leadership’s vision of enhancing quality of life in the emirate.”

He added: “The real estate sector in Abu Dhabi has seen continuous growth, giving the emirate an additional competitive edge as one of the most attractive global real estate markets. The sector recently saw an improvement in the Global Real Estate Transparency Index, and Abu Dhabi was ranked among the top regions globally for performance improvement in this year’s report due to the diversity of investment options in the emirate.”

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2,834 New Residential Units in 11 Projects in Abu Dhabi

The DARI digital property services platform, operated by the Department of Municipalities and Transport in Abu Dhabi, has announced the availability of 2,834 new residential units within 11 construction projects, with completion percentages ranging from 22% to 97%.

The projects listed on the platform, launched by the Department of Municipalities and Transport in collaboration with the property services development company ADRES, include 5 residential projects on Yas Island, 3 projects in Khalifa City, 2 projects on Saadiyat Island, and 1 project in Al Shamkha.

The platform showcased details of 11 residential building projects, including the “The Gate Residential” project in Khalifa City by the developer Reportage Hospitality Real Estate, which includes 463 residential units with a completion rate of 74.62%, and the “Sustainable City on Yas Island – Phase 1” project by the developer The Sustainable Investment Yas, which includes 400 residential units.

The “Diva 1” project provides 391 residential units, with a completion rate of 22.26%. The Plaza project in Khalifa City, by the developer Reportage Prime, provides 348 new residential units, with a completion rate of 1%. The “Diva 2” project on Yas Island offers 345 residential units.

The “Manara Living” project on Saadiyat Island by the developer Aldar Properties provides 273 new residential units, while the “Oasis Residential 2” project by Reportage Prime provides 304 new residential units with a completion rate of 96.97%.

The Department of Municipalities and Transport explained that the DARI platform aims to integrate real estate services in Abu Dhabi into a unified platform to offer comprehensive, advanced real estate services. It allows users to experience a flexible and smooth management of various real estate transactions, enhancing the attractiveness of real estate investment, and ensuring transparency in providing data to investors, which contributes to improving the quality of real estate services in Abu Dhabi.

It added that users can access DARI through the website: www.dari.ae or the Dari mobile app, and explore the available services and features. The platform includes services for property sales, rentals, documentation, and issuing certificates, as well as a directory of registered real estate projects, licensed professionals, market indicators including transaction values, mortgages, off-plan sales, and communication with real estate brokers. It also introduces investors to future investment opportunities within the Abu Dhabi real estate market and provides access to a list of transactions related to buying, selling, and mortgages.