Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / Features / Abu Dhabi property market experiences marginal decreases in the new year
Special Features

Abu Dhabi property market experiences marginal decreases in the new year

The high ROI and large portfolio of affordable properties in the capital’s emerging areas have led to a high amount of interest in the Abu Dhabi property market. In Q1 of 2019, the Abu Dhabi property market has seen sales and rental prices experience marginal decreases on average for both apartments and villas compared to the prices seen in Q4 of 2018. Areas such as MBZ City and Khalifa City A are attracting a significant amount of interest from both tenants and investors, as can be seen from the high volume of searches in these areas. A number of factors can be attributed to this positive trend, including delivery of prominent off-plan projects resulting in increased investor confidence.

Sales highlights

Al Reem Island is highly in-demand for apartment sales offering an ROI of 6.9%. Within Al Reem Island, Marina Square was the most-searched-for building by potential investors.
Al Reef continues as the most popular area for villa sales with Al Reef Villas attracting the most attention from potential investors. The average ROI for villas in Al Reef is at 7.1% for Q1 2019
The most significant changes for apartments are for 1-beds in Al Raha Beach, where the prices fell by 6.5%  from an average of AED 1.1M in Q4 to AED 1.03M now. This is followed by a 5.9% decrease in prices for 1-bedroom units in Al Reef from AED 680k to AED 640k.
Similarly, for villas, there was a 6.2% decrease in sale prices for 5-bedroom villas in Al Reef from AED 2.27M to AED 2.13M.
Another notable price change for sales is an increase of 6.3% for 2-bedroom apartments in Al Ghadeer from AED 800k in Q4 to AED 850k in this quarter, which could be attributed to the handover of a number of off-plan units in the area.

Rental highlights

This time Mohammed Bin Zayed City (MBZ City) takes the crown in both apartment and villa rentals in Abu Dhabi with Zone 20 and Mohamed Bin Zayed Centre being the most popular sub-communities respectively.
In terms of average rental prices for apartments, the most significant changes are for 2-bedroom units in MBZ City which experienced a 10% drop from AED 58k in Q4 to AED 50k in the present quarter. This was followed by a 9.4% decrease for 2-bed units in Corniche Road from AED 127k in the last quarter of 2018 to AED 115k in Q1 2019.
For villas rentals, 3-bedroom units in Al Muroor dropped in rental prices by 8.3% from AED 120k in Q4 2018 to AED 110k now. This is followed by 3-bed units in Saadiyat Island, where prices fell by 7.7% from AED 325k to AED 300k in the first quarter of 2019.

Apartment sales

Continuing the trend seen in Q4 of 2018, the sale prices for apartments in Al Reem Island remain largely stable with marginal decreases. The average prices for studios, 1-bed and 2-beds stand at AED 600k and AED  872.1k and 1.45M respectively.

A large majority of the areas did not experience any significant changes in sales prices for Q1 2019. The only notable price difference is for 1-beds in Al Raha Beach where the prices dropped by 6.5% from AED 1.1M in Q4 2018 to AED 1.03M now. This is followed by 1-bed units in Al Reef where prices dropped by 5.9% from AED 680k to AED 640k.

There were also minimal changes for a few units in Al Ghadeer and Al Reef. In Al Ghadeer, average prices for studios decreased by 4.8%, from AED 420k to AED 400k and for Al Reef the 2-bedroom apartments decreased by 3.7% from AED 830k to AED 799k.

Certain maintenance services in villas are required by most residents. AC services and AC installation, home repair and upkeep and garden landscaping are in demand.

As for the other popular areas like Yas Island and prices across the board remained constant at AED 800k, AED 1.2M and 1.95M for studios, 1-bed and 2-bed units respectively.

Apartment Rentals

Within MBZ City, the notable changes are a 10% drop for 2-bed units from AED 58k in Q4 to AED 50k now. As for studios and 1-beds, the prices are at AED 25.5k and AED 42k respectively.

The next noticeable price change is for the 2-bed units in Corniche Road, where the average rents have fallen by 9.4% from AED 127k to AED 115k. This was followed by a 7.1% decrease in 2-bed units in Al Muroor and Al Nahyan where the average prices went from AED 75k to AED 65k in both cases.

Some units in Al Khalidiyah,  Khalifa City A and Hamdan Street also experienced declines at the 6% mark. For Al Khalidiyah prices for 2-bed units went from AED 75k in Q4 2018 to AED 70k in the present quarter. The prices for studios in Khalifa City A went from AED 30k to AED 28k. As for Hamdan Street, 2-bed units went down from AED 75k to AED 70k.

Other popular areas such as Al Reem Island experienced changes between the 0-5% mark while prices for apartment units in Airport Street have remained unchanged.



We accept Guest Posts



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     


View Special Features by Category
Airlines & Airports
Art & Gallery
Banks & Financial sector
Business
Car Industry
Construction
Dubai Government
Dubai Metro
E-Guides
Eco-Friendly
Education & Institutions
Electronics
Entertainment
Events & Occassions
Exhibition Center
Family Shows
Food & Beverages
Free Zones
Golf Clubs
Government Departments
Health & Fitness
History & Culture
Home/Furnishing/Interiors
Hospitals & Clinics
Hotels & Hospitality
Identity cards
Internet Services
Media & News
Mortgage
Music
Online Food Service
Online Store
Organisations
Other
Other Emirates
Parks & Beaches
Precious Metals
Real Estate & Property
Religion & Culture
Resorts & Clubs
Restaurants
Shopping Malls
Spas
Special Centres, Groups & Communities
Sports & Events
Sports Bars
Technology
Trade Fair
Travel & Leisure
UAE Market News
VIP Services
Wedding Planners

Back to top








News Alerts
News Alerts
Stay ahead with abu dhabi news
dcg mobile
adcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Abu Dhabi Blog
Your space, your voice
sitemap
Sitemap
ADCG at a glance