Villa prices and rents in Abu Dhabi could stabilise and even increase in 2021, with apartments likely to follow suit towards the end of the year, according to new research.
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Real estate consultancy firm ValuStrat said market sentiment is expected to pick up and could head towards bottoming out during 2021 as the vaccination rollout continues.
Abu Dhabi non-oil GDP is forecasted to modestly rebound by 2.2 percent this year, according to Fitch Ratings.
ValuStrat’s data showed that the average residential value in the UAE capital was AED772 per sq ft in the fourth quarter of 2020, down 9.5 percent year-on-year.