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The report highlights that there is continued stability across all market sectors, supported by major government investment initiatives and positive sentiment.
The short to medium term market outlook remains positive, driven primarily by major government-backed construction and infrastructure projects such as the airport expansion, transport improvements and leisure attractions. However, a long term sustainable market recovery remains dependent on further government initiatives to diversify the economy and generate new long-term sustainable employment growth. A sustainable recovery, is also dependent on the government continuing to implement further supply controls to ensure a balanced real estate market going forward.
The Abu Dhabi market looks positive in the medium term, but there will be selective strong performers specific to sectors, locations, user requirements, property management and overall infrastructure.
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26 January 2014