New report predicts changes in the Abu Dhabi property market.

 

There may well be good news ahead for people looking to invest in property in Abu Dhabi, according to a report out today from CB Richard Ellis. The Property Insight Report takes an in-depth look at the current state of the Abu Dhabi property market has stated that despite the challenging economic global conditions, the demand for real estate in the emirate is still higher than current supply levels. This despite a large number of projects being announced throughout 2008, particularly around the popular Al Reem Island development.

 

According to the report, the changing economic climate has had a negative impact on both rental and property sale prices in Abu Dhabi, which has been a result of speculators moving away from the market, passing control over to the end user. 

 

However, despite the adverse conditions, the market for property in Abu Dhabi is now beginning to offer opportunities for end users and developers, as developers pursue only quality projects which are likely to prove increasingly popular with the end user.