By browsing on our website, you are agreeing to our cookies policy.

 
 
Abu Dhabi’s residential market has the potential to start stabilising by the end of this year Abu Dhabi’s residential market has the potential to start stabilising by the end of this year

Abu Dhabi’s Real Estate Market Prepares for Growth

While the first quarter of this year has recorded a slowing rate of capital value declines across the UAE, developers of Abu Dhabi’s high-end homes appear to be sensing a bottoming of the market and are pressing ahead with new schemes, according to Cluttons, an international real estate consultancy.

Faisal Durrani, head, research, Cluttons, explained, “This year looks set to be a better year for the UAE economy as a whole, with GDP expected to expand by 2.6 percent, from a seven-year low growth rate of 1.7 percent in 2017. This is, in turn, expected to help support more stable rates of job creation and increased government spending as confidence levels improve.”

Cluttons Abu Dhabi Property Market Outlook report for spring 2018 indicates that the very top of the UAE capital’s sales market has been relatively positive, and is showing signs of stabilising.

Meanwhile, rents across Abu Dhabi’s residential investment areas decreased by 2.3 percent during Q1, following the 4.3 percent drop during the final quarter of 2017.