Tuesday, April 21, 2015

                             Abu Dhabi property market heats up 

ABU DHABI -- This years edition of Cityscape Abu Dhabi will feature new projects by more than 130 property developers, government agencies, financial institutions and companies. The size of the exhibition, 15 per cent bigger than last year, is an indication that the emirates property market is in good health.

This upswing in a sector that had faced a degree of uncertainty, following the removal of the rent cap and a previously uneven supply of properties, is also an indication that the market is maturing, said The National in an editorial on Tuesday.

Investors are now mostly focused on achieving long-term returns, as opposed to buying off-plan and selling quickly to make a short-term profit, said the paper.  It added many have learned from the excesses of yesteryear when projects would routinely sell out before developments had fully left the drawing board.-end-

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