Asteco reports continued resiliency of UAE real estate sector in Q3 2021 – Construction Week Online
- Date: 09-Dec-2021
- Source: Construction Week
- Sector:Real Estate
- Country:UAE
Asteco reports continued resiliency of UAE real estate sector in Q3 2021 – Construction Week Online
Middle East real estate service company Asteco has reported continued resiliency in UAE’s real estate sector in Q3 2021, particularly in the villas segment, which saw as much as 37% year-on-year expansion in sales prices for certain Dubai units.
As per the report, developers in the capital delivered approximately 2,200 residential units in Q3 2021, a slight uptick from 2,070 units offered in Q2.
These included three buildings on Reem Island (about 850 units) and other buildings and villas located across Abu Dhabi. An additional 4,600 residential units are due for delivery in Q4 2021; however, some projects may be delayed and spill over into 2022.
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