DUBAI PROPERTY MARKET SLOWS IN JULY AS ABU DHABI UPTICKS

      

According to UAE property portal Bayut.com July 2015 saw the Dubai real estate market continuing with price stabilization except in the high-end market. Price levels for high-end units were compromised by additional supply, areas offering more affordable rental and buying options remained in demand. Abu Dhabi on the other registered several positives, with both rental returns and prices returning positive growth on the back of a heightened demand and controlled supply. Following a three percent raise in residential returns, Abu Dhabi is now looking to giddy up its hospitality sector, with several new developments set to grace the emirate in the coming years.