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FINANCIAL NEWS
Residential prices boost 17 percent in H1 in Abu Dhabi
27 Jul 2014
(MENAFN) Abu Dhabi’s residential property saw a rise in sales prices by average of 17 percent in the first six months of the current year, according to Gulf News.
JLL said that the emirate”s sales prices for residential units also grew by 7 percent in the second quarter.
Craig Plumb, head of research at JLL MENA, said: “The Abu Dhabi market continues to be dominated by government-related investment with short-term demand being fuelled by investment and job growth from new major government-backed construction projects, such as the airport expansion, Etihad Rail, Saadiyat Island museums and other major infrastructure, economic and social development initiatives.”
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