Abu Dhabi’s real estate market is witnessing an astounding transformation with the help of its new players in the real estate sector. Within the past five years (2019-2024) this industry has welcomed more than 15 new real estate developers, and they have collectively launched projects worth over AED 50 billion. Just like Abu Dhabi’s real estate sector, Dubai real estate companies shape this real estate market into a money-making platform.
Q Properties with their ambitious project, Reem Hills on Reem Islands alone have gained them 8 billion in project value. This project exemplifies the new developers to focus on sustainability and community centric projects that fits with Abu Dhabi’s Vision 2030.
With the displaying of huge investment numbers, new developers show confidence and are growing in the market attracting over AED 15 billion FDI (foreign direct investment) in 2023 alone. Next let’s discuss the new real estate developers in Abu Dhabi and how they make themselves comfortable and use the market conditions in favor of their business.
List of new real estate developers in Abu Dhabi
We get you the list of new real estate developers who have contributed to the development of infrastructural and market growth in Abu Dhabi.
| # | Company Name | Website | Established Year | Full Address | Key Projects |
|---|---|---|---|---|---|
| 1 | Radiant Real Estate | radiantrealestate.ae | 2022 | Al Sahel Towers, Al Bateen, Abu Dhabi | Radiant Marina Towers, Radiant Square |
| 2 | Baraka Real Estate | barakadevelopment.ae | 2021 | Baraka HQ, Abu Dhabi | The Bay Residence |
| 3 | SAAS Properties | saasproperties.com | 2019 | Al Reema Street, Al Reem Island, Shams, Abu Dhabi | One Reem Island, Reem Five |
| 4 | Ethmar International Holding | eihuae.com | 2019 | Silver Wave Tower, Mina Road, Abu Dhabi | Sea La Vie Residence, LAMAR Residence |
| 5 | SIADAH Development | siadah.com | 2018 | Sky Tower, Al Reem Island, Abu Dhabi | Al Mahra Residence |
| 6 | Modon Properties | modon.com | 2018 | Hudayriyat Island, Al Hidayriyyat, Abu Dhabi | Velodrome |
| 7 | IMKAN | imkan.ae | 2017 | Pixel Tower, Al Mia'mar St, Reem Island, Abu Dhabi | AlJurf, Nudra |
| 8 | Pantheon Development | pantheondevelopment.ae | 2016 | Al Reem Island, Abu Dhabi | Pantheon Elysee |
| 9 | Reportage Properties LLC | reportageuae.com | 2014 | Tamouh Tower, Marina Square, Al Reem Island, Abu Dhabi | Leonardo Residences, Diva Project |
| 10 | Eagle Hills | eaglehills.com | 2014 | Capital Plaza Towers, Corniche Street, Abu Dhabi | Kalba Waterfront Mall, Ramhan Island |
An overview of the top 5 new developers in Abu Dhabi
Radiant Real Estate
Website: radiantrealestate.ae
Headquarters: Al Bateen, Abu Dhabi
Established Year: 2022
Key Person: Khaldoun Mohamed Saleh, CEO
Core Services: Property development
Baraka Real Estate
Website: barakadevelopment.ae
Headquarters: Al Rahah, Abu Dhabi
Established Year: 2021
Key Person: Husam Mohamed Alameri, General Manager
Core Services: Residential property development
SAAS Properties
Website: saasproperties.com
Headquarters: Al Reem Island, Abu Dhabi
Established Year: 2019
Key Person: Ahmed Al Qassimi, CEO
Core Services: Residential property development
Ethmar International Holding
Website: eihuae.com
Headquarters: Al Muntazah, Abu Dhabi
Established Year: 2019
Key Person: H.H Sheikh Hamdan Bin Mohammed Bin Zayed Al Nahyan, Chairman
Core Services: Real estate investment
SIADAH Development
Website: siadah.com
Headquarters: Al Reem Island, Abu Dhabi
Established Year: 2018
Key Person: Chawqui Derradji, CEO
Core Services: Residential property development
Performance drivers of new developers in Abu Dhabi’s real estate market
Sustainable building practices
New developers focus on developing projects in strategic locations as it is more accessible and has a demand for properties. And major locations serve international connectivity for trade, tourism and residential purposes.
They gain a “safe haven” status in the region as it is accessible to many activities like educational hubs, hospitals, fitness clubs, leisure activity hubs, etc. And more importantly ensures safe living practices for residents. Such factors stand as the main attraction to foreign investors to settle in Abu Dhabi’s real estate market.
Tourism and hospitality growth
Hospitality real estate is experiencing increasing demand because of the rising tourist numbers, which is an area specifically focused on by the new real estate developers in Abu Dhabi. Cultural attractions on the other hand create development opportunities and conferences or events boosting needs for short-term accommodations.
Financial environment
Financial policies are serving real estate companies well, competitive financing options, strong banking sector support, availability of REITs and real estate investment vehicles features are making real estate developers in Abu Dhabi gain an upper hand in the market. These factors invite foreign investors to show interest in Abu Dhabi’s real estate market.
Economic diversification initiatives
As a measure for the Abu Dhabi Economic Vision 2030, new developers have ample opportunities in accommodation and developing of new business districts. Development of special economic zones attracts foreign investment, finally the focusing of non-oil sectors improves the chances of demand in commercial real estate.
Market gaps and opportunities
Under supply in the segment of mid-market housing faces high demands for residential properties and the demand for smart homes and green technology integration with them is growing. Community focused infrastructures are to be developed because of the community centric programs and activities.
Rising interest in mixed-use projects is also being focused by the new developers to provide better infrastructure opportunities. Capture and attract right leads with our real estate growth platform, and get benefitted with higher lead conversion rates effortlessly.
These factors play a big part in the performance of the new developers, since they provide exact growth chances to new real estate developers it is becoming convenient to them.
New developers nurturing success in real estate field
The Department of Municipalities and Transport have reported that new developers have accounted for approximately 35% of all the new project launches in Abu Dhabi in 2023, which is a noticeable shift of growth from 15% share they owned in 2019. Your real estate business can also win these kinds of sales by integrating with Retyn’s real estate CRM platform and its advanced segmentation, automation and optimization features.
This improvement was achievable with the help of recent government initiatives like streamlining the licensing process for new developers. MODON Properties have successfully contributed 3,000 residential projects in Riyadh City project catering to the growing demand of mid-market housing. These growth contributions maintain Abu Dhabi as a global infrastructural hub and provide continued development within the sector.
Disclaimer: Retyn does not promote or support any of the companies or services mentioned in the list. The data presented is compiled through online and market research and does not reflect our priorities in any manner.