Abu Dhabi residential capital values jump 4% in first quarter

Abu Dhabi residential capital values jump 4% in first quarter

Capital values in Abu Dhabi’s residential investment zones rose 4.1 per cent in the first quarter on the prior three-month period as the economy rebounds from the coronavirus pandemic, property consultancy ValuStrat said.

This was only the second time the company's valuation-based ValuStrat Price Index witnessed consecutive quarters of growth since 2016. However, capital values remain 3 per cent below the same period last year.

Al Reem Island, Al Muneera Island, Al Reef (villas), Hydra Village and Saadiyat Island recorded the highest gains in valuation during the quarter, according to the report.