Property prices appreciate as the capital reopens for tourists and investors

Property prices appreciate as the capital reopens for tourists and investors

Abu Dhabi, UAE : Bayut & dubizzle, the UAE’s leading property portals, have rolled out their combined Abu Dhabi Property Market Report for Q3 2021, revealing that the capital’s real estate sector has displayed sustained stability in rental prices, while the sales prices have appreciated across popular neighbourhoods. With travel restrictions easing in Abu Dhabi, the capital’s real estate market has also been on a steady upward trajectory in the latter half of the year based on the findings of this combined report generated by Bayut & dubizzle. According to the Bayut & dubizzle Q3 2021 real estate market reports, sales prices for residential properties in Abu Dhabi have shown increases of up to 4%. Potential investors searching for affordable apartments have preferred freehold suburban areas like Al Reef and Al Ghadeer, while investors keen on upscale properties have been more inclined towards apartments in waterfront communities such as Al Reem Island, Al Raha Beach and Yas Island. Al Reef has also been the most sought-after area with investors keen on buying affordable villas in Abu Dhabi. Those looking for upscale properties have been most interested in the waterfront area of Saadiyat Island to buy villas in Q3 2021. Tenants