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 sq.ft. Real estate is among the sectors that have exhibited positive growth rate this year in Abu Dhabi city.

According to the report of Property Management, the market of the capital city presents positive impressions, with stabilized price and selected areas recovering. With Abu Dhabi sales costs at increasing discounts to Dubai, and with the launch of a number of lifestyle communities, the market in Abu Dhabi will demonstrate a rising appealing choice for investors and residents alike.

During the first half of 2013, there’s a relative strength in the housing market. The key developments underwent stable rental growth powered by solid demand which paved the way to rise in the rental cost of up to 10 percent every year. The rising cost, which has gone from about 800 dirhams per square foot the previous year, to nearly 1, 200 dirham per square foot, as for the outlook for the second half of 2013, especially with the new property being built on Al Reem Island, as he ended.