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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.
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