Prices 'stable' in Abu Dhabi

Article Date : 30 December 2009

The property situation in Abu Dhabi is a solid one, according to a real estate agency that operates in the emirate.

Landmark Advisory made such a comment in its December sales guide to the location, something that may encourage those looking at investing in property in the UAE.

Director of research and advisory services at the firm Jesse Downs said: "Prices are only likely to increase for developments that are close to completion during 2010."

Elsewhere, the cost of buying real estate in Abu Dhabi has remained roughly constant in the fourth quarter of 2009, she noted.

The report stated that over the course of the year, prices have risen by five or six per cent, except in Bandar, which has seen a nine per cent drop.

Such information could steer those keen to buy in the direction of those properties that are nearly finished.

Strategic consulting firm AT Kearney's 2010 Real Estate Global Opportunity Index recently noted the outlook for the UAE is better than it was in 2008.

Tags:

Abu Dhabi, AT Kearney, real estate, real estate agency, UAE

Prices 'stable' in Abu Dhabi

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