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| Street and buildings |
Expectations are increasing that the real estate situation will stabilize in the UAE capital Abu Dhabi during the coming period of the year 2020, especially with regard to the status of house rents, and these expectations indicate that this will continue throughout the year. The expectations came based on the issue of the demand for improvement in homes and housing units, in addition to the existence of many cases of people moving to live from one region to another.
Switching houses
Some media outlets reported a remarkable situation in rent corrections during previous years, which prompted many to change places of residence in the desire to provide a reasonable amount or to stay in a larger house that contains more rooms. This resulted in moving the real estate market and related businesses, such as furniture and hardware companies, for home appliances.
Those who expect the current prices to maintain their levels will build their expectations on the basis that the situation improves in the market, especially with the promulgated initiatives and decisions issued by official bodies, which encouraged some of those who wish to invest to move in this field, and this would keep AbuDhabi a place attractive to investors.
Auxiliary factors
To that .. there is no area with more demand than others in general, the matter is subject to some auxiliary factors such as the amount of rent on the one hand, and the nature of the interior design of residential units, as well as the age of construction .. there are a large number of holders of residence who wish to settle in "AbuDhabi Island" "Because house rental rates are within their reach.
Residents generally prefer moving to the island of AbuDhabi, as the rents in it have become appropriate in relation to their potential, in addition to the fact that their business headquarters are located in the heart of the capital, which increases the attractiveness of real estate inside AbuDhabi Island.
Priority for new units
In addition to the above, there are expectations that next summer will witness a remarkable movement in the field of real estate. The time will then be appropriate. Schools are on vacation and moving from one area to another is easy for people and there are no confusion in it. It is more likely that the new housing units will be the movement towards them more than others. And if there is a movement for new residents to enter the country, the situation will be better for the movement of the market.
Positive reflection
With the continuation of the construction movement and the facilities provided by the government, the situation is progressing towards a gradual, progressive, calm, and experts do not expect that a sudden movement will jump prices to high numbers, as happened in previous periods and that this calmness will have a positive reflection on the market, and on all that Relates to the real estate sector in general. Perhaps the orientation towards the newly developed areas will be more than the orientation of the old areas in the middle of AbuDhabi Island. The newly developed ones such as Yas, Al Reem Island or Al Raha Beach area have more acceptance by people due to the advantages that are not present in the old areas.
