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Abu Dhabi's residential property rental, sales 'normal' in 2020

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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Dubai prime house market records $8.03bln deals in 2020

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United Arab Emirates , Khaleej Times , Al Barari , Luxhabitat Sotheby , Chris Whitehead , Luxhabitat Sotheby International Realty , Dubai Land Department , Syndigate Media Inc , Dubai Land , Arabian Ranches , Downtown Dubai , Dubai Marina , Business Bay , Emirates Living , Jumeirah Beach Residence , Rashid City , Jumeirah Golf Estates , Jumeirah Islands , Jumeirah Lake Towers , Palm Jumeirah , Data Finder , Dubai Hills , District One , All Rights , Syndigate Media , ஒன்றுபட்டது அரபு அமீரகங்கள் ,

Dubai prime house market records Dh29.5b deals in 2020

The top three areas in terms of sales volume were MBR City, Downtown Dubai, and Palm Jumeirah ....

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Dubai to add 39,000 home units in 2021

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Dubai real estate deals climb 21% in Q4 of 2020

Over the course of last year, the emirate registered 35,434 property sales transactions worth Dh72.49bn, compared with 40,132 transactions worth Dh80.99bn in 2019.
A higher committee for real estate led by Dubai s Deputy Ruler Sheikh Maktoum bin Mohammed was established in September 2019 to rebalance a market where concerns of oversupply have pushed prices lower in recent years. However, secondary/ready properties have seen a resurgence in demand.
Deals for completed homes represented 72 per cent of the total value transacted last year, or Dh52.18bn through 20,685 deals. Off-plan properties accounted for 14,749 transactions in 2020 worth Dh20.31bn, according to Property Finder.
“Residents have always been hesitant to purchase property here in Dubai. They didn’t know if they would stay here for a long period of time nor what their situation would be,” Lynnette Abad, director of research and data at Property Finder, said. ....

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