Recently, the company "Bayut" published a report on the real estate market in Abu Dhabi. According to the presented data, over the last 12 months, the rental price for residential properties in the capital of the UAE has decreased by an average of 4.3%. However, in the last quarter, some recovery in the market has been observed, which may indicate positive trends.
The demand for residential rentals in certain areas of Abu Dhabi has led to price increases. For instance, in the "Al Reem" area, rental prices for apartments have risen by 8%, while in the areas of "Saadiyat Island" and "Shamkha," price declines of 9.1% and 5.6% have been noted, respectively.
Experts have also pointed out changes in property sale prices. The average selling price of apartments in Abu Dhabi has dropped by 2.8%, while prices for villas have increased by 1%.
"The observed recovery in real estate prices in certain areas of Abu Dhabi speaks of a gradual return to market stability," noted a representative of the "Bayut" company.
According to the experts, the secondary market from 2021 is still characterized as unpredictable for the real estate market in Abu Dhabi; however, the observed recovery trend may suggest an imminent improvement in the situation.
