The “Bayot” site for the real estate market in Abu Dhabi revealed the increase in the attractiveness of the real estate market in the capital during the year 2019, thanks to the decision to provide freehold ownership to foreigners in real estate and lands in investment areas, and the low prices of sale and rent, which directly contributed to enhancing market competitiveness and stimulating Dealings in investment areas in Abu Dhabi.
Data of the Department of Urban Planning and Municipalities in Abu Dhabi indicate that real estate transactions during the first half of 2019 reached 31 billion AED.
The “Bayot” website report indicated that freehold areas in Abu Dhabi, such as Al Reem Island, Saadiyat Island, Yas Island, and Al Reef, are acquiring the interest of buyers looking to invest in ready or under construction properties or on the scheme, where they can obtain premium properties at competitive prices and flexible payment plans.
On the other hand, the report confirmed the decrease in selling prices in general in different areas of the capital during 2019 compared to prices recorded in 2018.
Al Reem Island continued to top the list of areas that are most in demand to buy apartments in Abu Dhabi, and the countryside is the most prominent area for villas.
On the other hand, the areas of Al Ghadeer and Al Maryah Island gained great popularity within a year, which confirms the confidence of investors in the new urban plans witnessed by the emirate, where many projects were delivered throughout 2019.