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How Property Buyers Get Relieved On Mortgage Restriction in Abu Dhabi

Posted on September 18, 2014 by nationwide-properties in News, Property Management
How Property Buyers Get Relieved On Mortgage Restriction in Abu Dhabi

In the sideline of the globally most expected real estate networking point, Gulf news editor lent a special ear to Nationwide’s Sales specialist answering real estate market related questions.

Khalid Suliman, mentioned key facts towards the increase of prices in real estate, affirming that a gradual increment has been seen in property buyers due to the relief they get on mortgage restriction in Abu Dhabi.

gulfnews

“in 2011, most of the residential projects were on hold – now those projects are rolling, we have good movement in terms of buying rather than selling”, said Khalid Suleiman, the Sales Manager of Nationwide Middle East Properties LLC in a published article on Gulf Newspaper on September 17 2014.

The article rounded up some of the facts about apartment sales rise in Abu Dhabi – year on year – by 28%, and 5% – quarter by quarter. The purchase power in Abu Dhabi’s real estate is active that is why “many project developers has pushed the supply with nearly 1750 units completed in Al Reem Island, Danet Abu Dhabi and Al Reef during the second quarter, bringing the total unit stock to around 240,000 units”, affirmed by JLL (Jones Lang LaSalle) in their recent report.

The demand and supply of properties are going in a smooth run, and over next coming years, a gradual increase will be seen because of the upcoming projects development with a special focus on Abu Dhabi.

Nationwide Middle East Properties propose an easy way to invest in the right property.

For more details on property management, buying, selling and investing, contact us at +971 24912291 or email us your question and inquiries at info@nwmea.com