UAE Capital Real Estate Market Performance for 2013 Surges

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Abu Dhabi market showed positive growth in its Real Estate sector, with the increasing UAE Capital Real Estate Market Performance for 2013 Surgesprices per square foot one of the sectors that have shown high rates of growth in Abu Dhabi emirate this year is real estate.
According to the Property Management report said the Abu Dhabi market is showing positive signals, with price stabilization and recovery in select areas. With Abu Dhabi sales prices at growing discounts to Dubai, and with the establishment of several lifestyle communities, the Abu Dhabi market will prove an increasingly attractive alternative for investors and owner-occupiers alike, as he added.
During the first half of 2013 it is relative stability in the residential market. The prime developments experienced steady rental growth fuelled by strong demand. This has led to rental increases of up to 10 per cent year-on-year. The increasing prices, which have gone from around Dh800 per square foot last year, to almost Dh1, 200 per square foot, as for the outlook for the second half of 2013, especially with new property being built on Al Reem Island, as he ended.