Becoming Abu Dhabi
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Tue August 1, 2017 11:05 am

UAE. A closer look into 2016 shows signs of the Abu Dhabi economy revitalizing itself, three years since the oil price crash, as markets begin to accept the 'new normal. Housing Starts which in a leading indicator of the economy's health, reveals that in 2016 new building permits have spiked by 50% year-on-year.

This is an indicator used by economist to predict the direction of the economy over the next 12-18 months, indicating that there appears to be a gradual move higher in growth rates in the coming years.

Similarly, company formations reveal that in 2016 registered businesses within the emirate witnessed a 10% increase. This reaffirms the emirates initiative to diversify its economy into various sectors such as tourism and trade.

An analysis of the total returns of the real estate market (capital gains and rental income reveals) that since 2009, villas have yielded twice to that of apartments.
 
In the apartment space whilst prices have not rebounded to the levels seen in early 2009, from a total return perspective, investors have achieved 31% in 7.5 years. In the villa segment investors have fetched far better with a cumulative return of 63% during the same time frame.
 
We opine that on a relative basis, the performance gap between villas and apartments to narrow as economic diversification efforts lead to a push in mid-market housing (already underway).
 
To read the full report click here: http://bit.ly/2eT04Tb

Click here to read this article complete with graphs on the REIDIN website

About REIDIN
REIDIN is the leading real estate information company focusing on emerging markets. REIDIN offers intelligent and user-friendly online information solutions helping professionals access relevant data and information in a timely and cost effective basis.

For more information, pleased visit www.reidin.com

About Unitas
Unitas believes in in-depth planning and discipline as a mechanism to identify and exploit market discrepancy and capitalize on diversified revenue streams. The purpose of Unitas is to manage, direct, and create wealth for our clients.

For more information, please visit www.unitasconsultancy.com

 

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