Abu Dhabi' real estate market sees downturn in Q3: Chestertons | ZAWYA MENA Edition:
The real estate market in Abu Dhabi may be close to bottoming out as the downward corrections it faced in the second quarter of 2019 have slowed in Q3-19, according to Chestertons MENA’s Q3-19 Abu Dhabi market report.
Sales prices and rental rates in the UAE’s capital have seen a marginal slump in Q3-19, with the average apartment sales price falling 1%, the leading international real estate services firm said.
Moreover, the average rental rates for apartments decreased by 1%, while rental rates for villas remained steady, the report highlighted.
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