- Conditions in Abu Dhabi’s residential property market remained relatively unchanged in Q4 2018 as the sales and rental sector continued to undergo downward adjustments as witnessed throughout Q3 - due to new supply and reduced levels of demand.
- The downward price corrections witnessed in Q3, continued through to Q4 with average sales prices for apartments and villas down 2% from the previous quarter.
- Corporate cut backs and consolidation have led to limited demand in the sales and rental sectors. However, the Government is introducing initiatives to stimulate the economy which could create positive sentiment in the Capital’s real estate market.
- The downward adjustment in rental rates from Q3, continued in Q4. Average rental rates were down 4% for apartments and 2% for villas from the previous quarter.
Read our full market update below.