Dubai estate agents tell of fight to thrive and survive in win or bust race for a sale
Emirate’s unparalleled safety, family-focused living, meticulous handling of the Covid-19 pandemic attracts investment
The property market in Abu Dhabi is witnessing a considerable increase in demand from international buyers from across Europe, with some real estate agencies recording up to a 50 per cent increase in demand in the first four months of 2022 compared to the same period last year.
The influx has been attributed to factors ranging from growing free zones encouraging business relocation, Abu Dhabi’s unparalleled safety and family-focused living, to the city’s meticulous handling of the Covid-19 pandemic.
What the Abu Dhabi government has done in recent years in terms of increasing the level of security, the comfort of life here in general, the infrastructure, the conditions for the businesses to relocate their headquarters, all play an important role, and people are starting to realise this
Evgeny Ratskevich, CEO, Metropolitan Capital Real Estate told Khaleej Times.
The company handled sales of 3.36 per cent of the total market in Abu Dhabi in first quarter of 2022 – out of the Dh11.3 billion in entire sale transactions. The company sold a total of Dh2.8 billion in the top five locations, including Yas Island, Al Saadiyat Island, Al Reem Island, Khalifa City and Al Raha Beach.
International clients, who have all been cash buyers, include Austrians, Germans, Italians, French, Romanians, the Polish, Russians, those from Kazakhstan, the UK and Australia
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