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Demand on Abu Dhabi real estate to hike this year

UAE - February 28, 2016
Abu Dhabi Properties

Studies made by Nationwide Middle East which is specialized in properties issues have revealed a prospective hike in demand on freehold property in Abu Dhabi real estate this year. The study came in parallel with applying the organization of real estate law in the emirate last month.

Board member “Ahmed Mohammed Hilal Al Kaabi” mentioned that despite the demand stability in Abu Dhabi by the last quarter of 2015, positive sentiment is taking over the sector and better performance is projected by the second quarter of 2016.

The report mentioned also that two-bedroom apartments prices start from 1.3 million dirhams, four-bedroom apartments prices start from 3.9 million, and studios’ prices start from 650 thouusand.

The executive chairman of Nationwide Middle East “Amed Al Qudsy” assured that the current correctional phase will encourage many investors to purchase properties and exploit the current investment windows.

Al Qudsy stressed on the importance of the new real estate law in bolstering the property sector in Abu Dhabi saying that the law includes a number of substantial terms like linking the payment value with the project completion rate.

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