UAE real estate makes steady progress in early 2023 – MEED

  • Date: 23-May-2023
  • Source: MEED
  • Sector:Real Estate
  • Country:UAE
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UAE real estate makes steady progress in early 2023 – MEED

CBRE reports increased activity across all sectors during the first quarter of this year

The UAE's real estate market started the year 2023 on a robust note, showing increased activity levels across all sectors during the first quarter, according to the latest report by property consultant CBRE.

The report shows an upward trend in rental performance in Abu Dhabi’s office sector. Average Prime, Grade A and Grade B rents rose by 19.1 per cent, 8.8 per cent, and 10.7 per cent respectively, year-on-year to the first quarter of 2023.