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