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FINANCIAL NEWS
Abu Dhabi’s real estate market posts drop
25 Jul 2016
(MENAFN) Abu Dhabi, UAE real estate market viewed a decline among the second quarter in many sectors for the first time in three years.
However, the residential market faced downward pressure with vacancy rates increasing and rents and sale prices starting to fall.
On the other hand, despite the reduction in retail spending, retail rents remained stable this quarter, while vacancies remained minimal within local malls.
In addition, the hospitality market posted a 13 percent drop in ADRS, as the decline in corporate demand triggered by lower oil prices.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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