Dubai: Abu Dhabi restate markets – both rental and sales – have normalized after experiencing a slight decline during the peak of the COVID-19 pandemic, according to Property Finder.
“Abu Dhabi trends saw people migrating to larger properties and villa/townhouses with outdoor space - this has been a trend we have seen around the world,” said Lynnette Abad, Director of Research & Data at Property Finder.
Sale trends
In 2020, listings for apartments for sale were dominated by Al Reem Island, followed by Al Raha Beach, Saadiyat Island, Yas Island and Al Reef.
Nearly 30 per cent of the listings were for one-bedroom apartments, 36 per cent for two-bedroom apartments and a little over 20 per cent for three-bedroom ones.
Abu Dhabi s residential property rental, sales normal in 2020
ABU DHABI, January 27, 2021 Abu Dhabi s residential property market too witnessed a turbulent 2020 as other global markets. It slightly declined during the peak of the Covid-19 pandemic but normalised fairly quickly bringing stability to the industry, according to Property Finder, a leading property portal in the UAE. It was a turbulent year in 2020 for all real estate markets but as far as asking prices in both the rental and sales for the capital city, they remained quite normal, it stated. 2020 was quite interesting to say the least overall. When it comes to residential real estate, we at Property Finder predicted pent up demand from the beginning. Abu Dhabi trends saw people migrating to larger properties and villa/townhouses with outdoor space. This has been a trend we have seen around the world, remarked Lynnette Abad, the Director of Research & Data at Property Finder.
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