The prices of Abu Dhabi apartments and villas increased by nearly 15% in the first half of 2014 boosted by the remarkable growth in demand and the delivery of new residential units in some investment areas such as Al Reem Island and Al Raha Beach, Al Ittihad newspaper reported citing dealers and officials at real estate marketing companies.
The selling prices of residential units in Abu Dhabi increased - for the sixth consecutive quarter- by 7% in Q2-14 compared to the first quarter. Meanwhile, the average increase during the first half of 2014 reached 17%, according to a recent report by GLL Investments.
The report said that the second quarter of this year witnessed the completion of nearly 1,750 housing units in Danet Abu Dhabi and Al Reef, bringing the total supply to around 240 thousand units.
The selling prices of residential units in Abu Dhabi increased - for the sixth consecutive quarter- by 7% in Q2-14 compared to the first quarter. Meanwhile, the average increase during the first half of 2014 reached 17%, according to a recent report by GLL Investments.
The report said that the second quarter of this year witnessed the completion of nearly 1,750 housing units in Danet Abu Dhabi and Al Reef, bringing the total supply to around 240 thousand units.
Source:
Mubasher
