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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.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
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BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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