Ameen Al Qudsi, CEO of Nationwide Middle East Properties, said there is still a growing demand for property in the UAE, thanks to the quality of products delivered by developers and the payment plans offered to investors.
He said the real estate regulations implemented by the government, particularly in Abu Dhabi, have also restored confidence in the real estate market over the last few years.
“Removing the five per cent cap on rental increases has raised the income and return on investment for individuals who choose to buy, making it a more favourable option than renting,” he said.
A number of properties are set to be showcased during the ninth edition of the Cityscape in Abu Dhabi next week. Around 130 exhibitors from the UAE and around the world are expected to participate in the event that will run from April 21 to 23.