UAE Real Estate Market continues to ascend (click to know about Abu Dhabi specifically)
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Residential and?office markets?in the UAE is progressing due to business reforms and government initiatives such as the?Golden Visa, a rebound in global travel, increased tourism and retail activity from?FIFA World Cup Qatar 2022, according to a report by Asteco.
Abu Dhabi residential and office market
The Abu Dhabi market recorded the delivery of over 1,000 apartments in the third quarter of this year across Al Raha Beach, Reem Island, Yas Island, and?Saadiyat Island?communities.
Several projects were launched within the last six months including Al Jubail Island – Ain Maha Village which has over 240 villas.?Yas Park Gate?was also launched with over 500 residential units to be available upon completion. Villas and townhouses faced strong levels of demand, on average villa rental rates increased by two percent while prime villa community rents increased by four percent over the quarter.
Residential sales markets saw high demands for new off-plan villa projects and completed projects.
Most villa communities faced a notable demand increase over the last few months.
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