Rising property prices in Abu Dhabi

Country:  Abu Dhabi

29 January 2008

A recent report from UAE investment bank Shuaa Capital reveals that prices of property for sale in Abu Dhabi and rents may exceed Dubai over the next three years, due to a general housing shortage.

The supply of housing stock in Abu Dhabi remains scant, partly due to the fact that it is not part of a community master-plan like those pioneered by Emaar and Nakheel in Dubai. Consequently, Shuaa projects that rents will rise rapidly over the next three years - at an annual rate of around 25%. The bank also expects actual property values to rise on the back of greater rental prices.

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