The Abu Dhabi property market heavily favored renters and buyers in Q1 of 2018, with market data showing price decreases in all areas. both apartments and villas across the sales and rental sectors became increasingly affordable in Q1.
According to STR, hotels across the Middle East reported mixed Q1 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.
According to property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016).
According to the latest property report from Cluttons, as the UAE government pioneers fiscal adjustment in the region in response to declining oil prices, milestones such as Expo 2020 and the introduction of VAT will play a key role in boosting the country's property market.
A government-led delegation of UK investors and developers are set to visit the Middle East to strike deals with investors as they continue to plough their wealth into the UK post-Brexit.
According to international real estate consultancy Cluttons, the current 'wait and see' attitude that has been adopted by potential buyers in Abu Dhabi is a direct result of wider global economic trends.
The recent election of Donald Trump as the 45th president of the United States of America is set to cause further uncertainty for the Middle East's real estate market, at least in the short term.
Abu Dhabi's largest property developer announced this week that it has awarded the early works package, valued at AED 155 million ($42m USD), for its flagship golf and waterfront development
UAE property portal Bayut.com is reporting this week that affordability remained the center of discussions at the recently concluded Cityscape Global real estate exhibition in Dubai.
The impact of the softening global economy continues to hamper the UAE's office market as redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the emirates.
According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years
According to analysts at the recent Dubai Property Show London 2016, British citizens have emerged as the second largest investors in Dubai real estate.
Abu Dhabi's largest property developer - Aldar Properties - is reporting this week that work is progressing across all aspects of the development West Yas, Aldar's first villa community on Yas Island.
According to UAE property portal Bayut, moving further away from previous year's dormant second half, UAE's real estate market remained stable in the first quarter of 2016.
According real estate consultancy Cluttons, Dubai, Abu Dhabi and Sharjah have emerged as the region's most popular investment destinations amongst GCC High Net Worth Individuals.
Yas Island is steadily evolving from being a pure entertainment and leisure destination into a destination for living.
Increased geopolitical unrest and low oil prices are having an effect on the UK, driving private Middle Eastern investors towards London-based property assets.