The latest Cushman & Wakefield Core’s Mid-Year Abu Dhabi Market Update reveals steady growth and resilience in Abu Dhabi’s residential and office markets underpinned by strong demand, increased capital values, rents, and record occupancy levels.
The latest Cushman & Wakefield Core’s Mid-Year Abu Dhabi Market Update reveals steady growth and resilience in Abu Dhabi’s residential and office markets underpinned by strong demand, increased capital values, rents, and record occupancy levels.
- City-wide residential rents in Abu Dhabi witnessed the sharpest increase in over a decade with a 15% y-o-y rise underpinned by the prime segment
- City-wide residential sales prices also witnessed a steady 9% year-on-year increase
- Off-plan market continues to dominate transactions but a growing shift to ready properties is being witnessed
- Over 2,400 units handed over YTD 2024 with another 1,950 anticipated over the remainder of the year
- Office occupancy rates for Prime & Grade A spaces are at a record high of over 90%, reflecting robust demand
- City-wide office rents increased 15% y-o-y as demand continues to outstrip supply
