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The Abu Dahbi residential market is poised for major growth as overseas and domestic buyers gain more and more confidence from the city’s new property laws and regulations says Ozone Real Estate, an international broker group based in the United Arab Emirates (UAE).
The recent events within the wider Mena region have encouraged many property investors and funds back to the UAE market, which has emerged as the regional safe haven, said a real estate expert Chesterton.
Rental prices in some of the emirate's most popular residential complexes have decreased by up to a third, reports the Real Estate Regulatory Agency.
Many of the Emirates' most prominent property investment firms are switching the majority of their portfolios to US real estate.
Troubled developer Aldar Properties expects to regain substantial profits this year, despite a multi-billion dollar debt.
Cash-rich investors based in the Middle East are helping to drive demand for real estate across Europe, including within the burgeoning London commercial property market...
Middle Eastern investors remained the second largest inter regional buyers of commercial real estate during the first half of the year, according to a recent report...
State aid is needed to boost the property market in the United Arab Emirates with experts suggesting that more loans and longer visas for foreign buyers could kick start a real estate recovery...
New laws to help make the real estate market in Abu Dhabi more transparent and safer for buyers are expected to be introduced in the early months of next year - officials at the Department of Municipal Affairs are currently drawing up the necessary draft documents that will cover escrow accounts, brokers, titles and mortgages...
Middle East based developers are increasingly looking to North Africa where demand for real estate is expected to grow both from nationals and foreign investors...
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