Abu Dhabi however, was one of the markets which performed better. Many of the offices which shifted from Dubai went to neighbouring states. Abu Dhabi real estate was one of the markets which benefited from Dubai’s crash. But years that followed proved to be worse for Abu Dhabi’s market as well. The affects of 2008’s nightmare still have not worn off but the performance of the Abu Dhabi market was much better in terms of the value since in comparison, 2011 received a 5% boost in its sales.
Converting this percentage into dirham shows that 2011 was a much better year where the market generated Dh 3.7 billion in land transactions. The major chunk, however, came in mortgage transactions which accounted for Dh 39 billion. December proved to be the most prolific month for Abu Dhabi’s market as it was the month during which the biggest transactions came in the form of a sale of Dh 917.2 million worth.
About Bayut – The site is the best spot for all kinds of investors looking to make smart buying decisions regarding Dubai real estate. Keeping a track of all the latest development, the ups and downs of prices, market report and the analysis is all but a piece of cake at Bayut where the panel of experts breaks down all the information for you into digestible bite size chunks.
For more information please visit: http://www.bayut.com
