ABU DHABI / WAM Aldar Properties has announced a series of achievements and strategic initiatives in its latest quarterly report. The company’s strong performance was driven by increased demand from both international and resident expat buyers, with record quarterly development sales of AED4.5 billion. Aldar’s development revenue backlog also hit an all-time high of AED18.8 billion, which provides visibility over ...

DUBAI / WAM The International Monetary Fund (IMF) on Wednesday hosted a hybrid event to launch the May 2023 Regional Economic Outlook (REO) for the Middle East and Central Asia region at the Dubai International Financial Centre. The IMF finds that despite global shocks, growth in the Middle East and North Africa (Mena) region was higher than expected last year. ...

ABU DHABI / WAM The real estate sector in Abu Dhabi has continued its growth trajectory in the first quarter of this year, with 5,472 property sales and mortgages recorded worth AED27.9 billion, compared to 3,304 transactions worth AED11.3 billion during the same period in 2022, according to official data released by the Department of Municipalities and Transport (DMT). The ...