Abu Dhabi property market expected to grow steadily in 2014
Abu Dhabi Finance, has witnessed an increase in investor interest in the Abu Dhabi property market while participating at a prestigious industry event earlier this month. Real estate prices have been rising steadily in the emirate following the U.A.E.’s strong economic growth during the last few years.
The company participated at the Abu Dhabi Property Market Exhibition, held under the patronage of Federation of U.A.E. Chambers of Commerce and Industry, as part of its role as a key player in the Abu Dhabi property market.
The opening ceremony of the exhibition was inaugurated by Humaid Ali bin Salem, Secretary-General, U.A.E. Federation of Chambers of Commerce and Industry.
Chris Taylor, CEO of Abu Dhabi Finance, said that the rise in potential property buyers during the event indicated that investor confidence in real estate had increased, both in Abu Dhabi and the wider U.A.E. market.
Abu Dhabi has seen a recent surge in real estate demand, with property prices rising by as much as 37 percent in some areas in 2013, according to industry reports. "The industry is looking strong again and we expect business to grow even more in 2014," commented Mr. Taylor "The property market in Abu Dhabi has been receiving heightened investor interest, at both local and international fronts. This optimism is driven primarily by the recent government regulations which have resulted in increased investor security, as well as the U.A.E. winning the bid to host major global events such as Expo 2020."
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