Abu Dhabi property prices fall by 11% in 2019 - Arabianbusiness:
Abu Dhabi property prices fell by 11 percent in 2019 while rental rates dropped by 9.3 percent, according to a new report by consultants ValuStrat.
Its fourth quarter 2019 Abu Dhabi real estate review also showed that real estate values were down by 2.6 percent compared to the previous quarter.
The ValuStrat Price Index (VPI) for capital values in Abu Dhabi’s residential investment zones for the fourth quarter declined to 69.1 points.
The weighted average residential value in Q4 2019 was AED9,246 per sq m.
Ready properties in Al Reem Island, Al Muneera, Al Reef and Hydra Village saw double digit declines in capital values since Q4 2018, ValuStrat said in the report.
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