Abu Dhabi: the house price decline, cause increase in unemployment

According to the consultancy report bs Cavendish Maxwell, the price is low operation efficiency of UAE declined state unemployment and increase the background of enterprise in the emirate of Abu Dhabi.

The report warns Zawya index tracking with bs Maxwell Cavendish said, apartment prices in various regions of the Abu Dhabi 1,8 investment decline%, the price of last year. At the same time, the city Villa/home also fell 2.4%. The apartment and villa rental homes in the city/region have also reduced 330 3,7% and%.

Abu Dhabi: the house price decline, cause increase in unemployment

In Abu Dhabi, bs price decline is to determine the unemployment rate increase

Analysts believe that the demand and buy a house price decline is due to the increase of the working condition and policy adjustments to provide housing and other benefits to workers.

A record decline in some areas is the Saadiyat residences Al and Al Saadiyat beach, Raha Garden Island coral reef. As of December 2017, less than the price of the house in this area is 2% longer than the first year.

Is expected in 2018 last year, some of the new products will be released, because the empty houses have market than investment in trying to stop the camel discount rate. Only some of the projects have plans to launch Al Reem like the island and 4.600 new apartments will be delivered this year and Yas Island Villa and 1100 under construction.

The final report of Abu Dhabi city in the global rating index in the latest quarter according to Knight Frank. The value of the house in the Emirates, lower than 9% as of 2017 - grade III / quarter survey of 150 of the largest city in.