Abu Dhabi property prices take positive turn in Q3

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Latest Bayut research shows prices in the UAE capital have either held steady or slightly increased during the third quarter

Property sales prices in Abu Dhabi have taken a positive turn with the prices either holding steady or slightly increasing during the third quarter of 2019.

Bayut’s latest market report shows that the Abu Dhabi real estate market offers healthy conditions for home buyers and investors after the opening of key investments zones for freehold expat property ownership.

During Q3, neighbourhoods like Al Reem Island, Al Raha Beach, Al Reef and Saadiyat Island dominated the investment sector while established suburbs such as Mohammed Bin Zayed City (MBZ City), Khalifa City A, and Al Muroor remained a popular choice for rentals in Abu Dhabi, the report said.

In terms of popularity, Bayut’s report showed that Al Reem Island takes the crown as the most preferred area to buy and rent apartments in Abu Dhabi. For villas in Abu Dhabi, Al Reef continues to be the most popular with buyers/investors and MBZ City is the favoured choice for tenants, it added.

Haider Ali Khan, CEO of Bayut, said: “Abu Dhabi has always been an attractive market for both local home buyers and those from the expat community. While Emirati and GCC investors dominated the market earlier, expat buyers and investors are also taking advantage of the attractive options in the capital, with the recent announcements of the new laws.”

Read the full article here.

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