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FINANCIAL NEWS
Real estate shares in Abu Dhabi fall on low property prices
17 Apr 2017
(MENAFN) Real estate shares and troubled Dana Gas affected the Abu Dhabi property prices, while shares of Dana Gas fell 4.4 percent in very high volume.
Meanwhile, shares of real estate developers continued to weigh on the index as investors cashed out on disappointment over the softening of property prices in the first quarter.
Additionally, average sales prices of apartments dropped 1 percent and villa prices fell 9 percent in the cited period with the last quarter of 2016.
Moreover, shares of the largest developer Aldar Properties dropped 2.7 percent and are recently down by 5.3 percent since last Sunday, while the index fell 0.6 percent.
MENAFN1704201700450000ID1095398460
MENAFN1704201700450000ID1095398460
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