| Kippreport.com

Abu Dhabi house prices stabilizing

September 7, 2009 3:26 by kippreport

Apartment prices have fallen by up to 15 percent since May this year, but signs of stability are returning to the market, according to a report by Landmark Advisory. “We found that the lower limits of price ranges have remained quite stable, extending the recent trend of price stabilization,” said Jesse Downs, the firm’s director of research and advisory services.

The report also said that property sales have improved in Abu Dhabi and Dubai during June and July, and are currently the most active since the third and fourth quarters of last year.

Tags: Abu Dhabi, property prices, stabilizing