Abu Dhabi's property market recovery Signs in Q3

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In their research the sales & leasing prices have managed to stay fixed with steady performance in Abu Dhabi's favored residential areas & communities with slight declines below 5 percent in other locations

Also the report mentioned that between last July & September 2020 pointers of marginal increases of the price per square foot in prominent villas and desired freehold residential communities.

In freehold districts such as Al Reem Island, Al Raha Beach, Saadiyat Island and Yas Island prospective buyers and investors didn't lose their interest & enthusiasm on Abu Dhabi's freehold districts as well as in Abu Dhabi real estate & properties market including affordable property market.

Most of these Projects in Abu Dhabi's freehold districts are developed by Aldar.

Aldar Properties have been offering amazing incentives where they attractively waive the registration fees also paying by credit cards. So eventually such measures have created more opportunities in Properties market & real estate business and make it easier for prospective clients.

For example, the popular & affordable community of Al Reef continued to be the best choice for investing in ready villas for sale in Abu Dhabi during Q3 according to the analysis and data provided by Bayut & Dubizzle reports

Bayut & Dubizzle combined report showed that an uptick or 2.2% in for the sales price per sq ft for Al Reef villas, as the price has increased from AED587 to AED599.

Where Saadiyat Island is ranking as second for villa sales price with steady market price of AED1,308 per sq ft. while Yas Island prices have increased by 4.3% during Q3

Waterfront communities & freehold prominent districts like Al Reem Island then Yas Island and Al Raha Beach have been favored by investors and real estate buyers for apartment sales in Q3 according to Bayut and Dubizzle.

For Abu Dhabi residential & real estate market research has shown a recovery increase of 7.1% as average rent price for five-Bedroom villas in Mohammed Bin Zayed City(MBZ), this is a clear indicator of risen demand for large properties whereas small apartments rent price has recorded minor decrease in Abu Dhabi properties & affordable property market.

The CEO od Bayut & Dubizzle Mr. Haider Ali Khan commented on current market trends

"Over the last three months, the Abu Dhabi real estate market has shown promising signs of recovery. The overall market conditions have also become more stable in the last three months, and businesses across the board are returning to normal operations."

As the increased footfall in malls, restaurants, fitness clubs and recreational facilities during the last few months, this has a clear and direct impact on interest in Abu Dhabi city's real estate market and properties market in the capital city.

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