Abu Dhabi Real Estate Market for the first half

Ramallah – Dunia al-Watan
The UAE's first real estate portal has released its first 2018 annual report for the Abu Dhabi Emirate compared to the second half of 2017, which includes detailed information on real estate price fluctuations and trends. most wanted locations for renting and buying in the emirate. The price of one bedroom apartments increased by 10%, followed by the Corniche area with an increase of 5.5% for one bedroom apartments. In several areas, apartments have stabilized for 1-bedroom apartments such as Mohammed Bin Zayed City, Khalidiya and Al Muror, and 2-bedroom apartments in Airport and Hamdan streets.

The Khalidiya area experienced a significant decrease in the rental rate of 2 bedroom apartments (9.5%), followed by Reem Island for studios by 8.7%.

As for the villa rental in Abu Dhabi, Al Karama experienced a significant increase in the rental rate of 5 bedroom villas by 10.5% Sleeping 5.5%. While the prices of three-bedroom villas in the areas of Mohammed Bin Zayed and the countryside have stabilized, and the four-bedroom villas in the Khalifa City B area.

While the decline of Khalifa City B for the villas of five rooms [16,6%] followed by three-bedroom villas in Khalifa City A with 13.3%

In terms of apartment sales, the Yas and Saadiyat Islands experienced a significant increase in the rate of rent. purchase of 1 bedroom apartments of 7.6% And 3.98%, respectively. The prices of studios and 1 bedroom in Masdar City have stabilized. At Al Raha Beach and Al Reef, studios fell by 17.5% and 10% respectively.

Villa sales in Abu Dhabi have stabilized in the four-bedroom villa campaign. While the rate of purchase on the island of Saadiyat fell by 5% for the 5 bedroom villas and by 3.2% for the villa Hydra by 5.2%.

For projects still under construction, Shams Abu Dhabi Al Reem Island The highest percentage of searches on Bayt.com Real Estate of 98.03%. On the island of Saadiyat, Jawahar Al Saadiyat ranked first in the island with 42.31% and Yas Island at 31.34%.

Haidar Ali Khan, CEO of Biot.com Real Estate, said: "Through the semi-annual reports In 2018, we observed a mixed decline in real estate prices offered by real estate agents in the region. Emirate of Abu Dhabi, although some of these areas have been relatively small compared to other regions. "

" There will probably be no big increase in the market of the rent or sale before the end of 2018, we are likely to see more RAR volatility in the last half of this year. "

For the rate of searches on Bayt.com Real Estate, Mohammed Bin Zayed City has the most high research apartments for rent of 11.02% and Reem Island in sales apartments of 53.96%. The highest rental rate was in the city of Mohammed Bin Zayed for apartments including 1 bedroom AED 45,000 per year, and the price of studios on the island of Al Reem is AED 626,000 . While the price of a four-bedroom villa in Khalifa City A was AED 165,000 per year and the price of buying 4-bedroom villas in Al Reef is AED 2.15 million.