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Abu Dhabi property prices are “stable”

Property prices in the UAE capital have…

December 29, 2009 4:12 by



Property prices in the UAE capital have remained stable throughout the fourth quarter of 2009, according to a sales guide issued by real estate consultant Landmark Advisory. “Prices are only likely to increase for developments that are close to completion during 2010,” Jesse Downs, director of Research and Advisory Services at Landmark Advisory said in the release.

“As these developments get closer to completion, transaction volumes are expected to increase, which could gradually lead to marginal price increases,” she added.

According to the guide, October and November were the most active property sales months of 2009 for Abu Dhabi.



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1 Comment

  1. rb on December 30, 2009 7:06 am

    The first villas getting ready in Abu Dhabi – AL REEF are clear evidence of this . Prices there are likely to appreciate substantiallly once the 1 st phase – Arabian is delivered in Jan .

     

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