Residential capital values in Abu Dhabi rose by more than 4 percent on average during the first quarter of 2021, according to leading real estate consultancy firm ValuStrat.
Residential rental values stabilised during the quarter, its new research also said.
Also Read : Abu Dhabi Q1 2021 Real Estate Research
The ValuStrat Price Index (VPI) witnessed consecutive quarters of growth for Abu Dhabi’s investment zones for only the second time since 2016, as the previous quarter saw a 1 percent increase.Annually, capital values were just 3 percent lower than the first quarter 2020.
The weighted average residential value in Q1 was AED803 per sq ft, with apartments at AED878 per sq ft) and villas at AED623 per sq ft.
All properties monitored by the VPI saw quarterly growth in capital values ranging from 1.8–5.6 percent, ValuStrat added.