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Property Price Index

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Real Estate Updates: News, Guide, Trends & Events

Guide & Tips
Al Reem is coming up with plenty of developments and grand projects. This area contains many waterfront developments as well. Al Reem Island is the top choice for renting...
It is crucial to find the right real estate agent in UAE. Above all, they need to be informative, reliable and action-oriented. They must stick to you through thick and t...
UAE is a paradox of old and new culture. Abu Dhabi, being the capital city, follows the same trend! There is a lot you can see and do in the United Arab Emirates. The bes...
Market Trends
As per Chestertons MENA, Abu Dhabi’s housing market continued to wither during the third quarter of 2017. This was due to the remarkable fall in demand, slack in econom...
Know More About Abu Dhabi

Being the capital city of the federation, Abu Dhabi is located in the far west and southwest part of the United Arab Emirates along the southern coast of the Persian Gulf. In a characteristic manner, it is on an island at a distance of 820 ft. approximately from the mainland. The Maqta and Mussafah Bridges join the city to the mainland. A major part of Abu Dhabi city is located on the island. However, it has many suburbs located on the mainland. Some of the suburbs are Khalifa City, Al Raha Beach, Al Bahia City, Al Shahama, Al Rahba, Baniyas, Shamkha, AL Wathba and Mussafah Residential.

Speaking about the office market, a vast majority of the completions of GLA(Gross Leasable Area) occurred in the first part of the year on Abu Dhabi Island. For example, Bloom Central, the ADNOC HQ, Maryah Tower and the new FGB HQ were all completed in 2016. Further substantial square meters of GLA shall enter the market in 2017 that shall be majorly controlled by the Leaf and Omega towers on Reem Island and the delivery of ADIB on Airport Road.

In the fourth quarter of 2016, approximately 700 units entered the market. The most significant units were the Marina Bay One and Marina Bay Two Towers on Reem Island. Completions are expected along the Corniche, Reem, Al Raha Beach and Saadiyat Islands in 2017 that shall add 5,000 more units.

It is not probable for the rental performance to change significantly since there are no completion schedules for any prominent mall during 2017. Approximately 1,000 hotel keys have been introduced throughout 2016, bringing the cumulative hotel supply count to 21,400 keys. The fourth quarter of 2016 marked the completion of 422 rooms in Millennium Bab Al Qasr that is opposite the Emirates Palace hotel. Four Seasons with 190 rooms and 125 serviced apartments, the Marriott Executive Apartments Downtown with 64 units and the Marriott Downtown with 315 rooms were among the other remarkable completions. Approximately 2,000 hotel keys are anticipated to be relinquished in 2017.