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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
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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