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.”
