Abu Dhabi and Dubai real estate buoyant in Q2 ...United Arab Emirates

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A new report from Asteco says that the Dubai real estate market has continued to significantly outperform many of its worldwide peers; and meanwhile, sales activity for completed and off-plan developments in Abu Dhabi reached highs not seen in almost a decade. Both emirates demonstrated great resilience in the face of rising interest rates and inflation, stated the Q2 2023 report. For Abu Dhabi, the Asteco report indicated that approximately 1,400 apartments were added to the market during Q2 2023, with another 2,200 apartments and 850 villas expected for delivery by the end of the year. Whilst new supply was distributed across most established International Investment Zones, the majority wa

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