Abu Dhabi property market expected to grow steadily in 2014

Real estate prices have been rising steadily in the emirate following the UAE’s strong economic growth during the last few years.

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By (Wam)

Published: Sun 23 Feb 2014, 5:31 PM

Last updated: Tue 7 Apr 2015, 10:15 PM

Abu Dhabi Finance (ADF) has witnessed an increase in investor interest in the Abu Dhabi property market while participating at a prestigious industry event earlier this month.

Real estate prices have been rising steadily in the emirate following the UAE’s strong economic growth during the last few years.

The company participated at the Abu Dhabi Property Market Exhibition, held under the patronage of Federation of UAE Chambers of Commerce and Industry.

The exhibition was inaugurated by Humaid Ali bin Salem, Secretary-General, UAE Federation of Chambers of Commerce and Industry.

Chris Taylor, CEO of Abu Dhabi Finance, said that the rise in potential property buyers during the event indicated that investor confidence in real estate had increased, both in Abu Dhabi and the wider UAE market.

Abu Dhabi has seen a recent surge in real estate demand, with property prices rising by as much as 37 per cent in some areas in 2013, according to industry reports. “The industry is looking strong again and we expect business to grow even more in 2014,” commented Taylor

“The property market in Abu Dhabi has been receiving heightened investor interest, at both local and international fronts. This optimism is driven primarily by the recent government regulations which have resulted in increased investor security, as well as the UAE winning the bid to host major global events such as Expo 2020.”

(Wam)

Published: Sun 23 Feb 2014, 5:31 PM

Last updated: Tue 7 Apr 2015, 10:15 PM

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