Although it has become a strong contributor to economic diversification, Abu Dhabi’s real estate sector is being put under pressure by slower growth, brought on by the period of low global oil prices that started in 2014. Public and private sector spending cuts since 2015 have been reflected in capital value, with rental rates declining to...
Activity in Abu Dhabi’s construction sector contracted for the second year in a row in 2017 as the effects of the oil price drop beginning in 2014 were reflected in a narrower project pipeline. With major transport and energy projects approaching completion, the period of reduced investment across the wider UAE could continue to present...
With real estate a key source of foreign investment, Abu Dhabi’s government has been gradually easing restrictions on foreign ownership to sustain market growth. This imperative has taken on added importance since the drop in global oil prices beginning in late 2014, leading to new public and private initiatives to draw in further overseas...
Renewed demand for more affordable housing in Abu Dhabi has come about as a downward readjustment of housing allowances has strained rents in the high-end residential sector. Developers are now shifting their strategies to include new mid-market developments. This has enabled double-digit returns on rental yields for some, making the mid-...
Although it has risen to become a strong contributor to GDP and diversification over the past 15 years, Abu Dhabi’s real estate sector is feeling the pressures of an economic slowdown, brought on by a period of depressed oil prices and spending cuts that have affected markets across every property segment.
As Abu Dhabi accelerates efforts to diversify its economy away from a reliance on hydrocarbons, development of Al Maryah Island has become a top priority for real estate and construction. An international financial free zone and mixed-use real estate development, the island is expected to become a major financial and business district,...
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