UAE population divided as Emiratis pay for property in cash but expats rely on finance
Thousands of developments set to be launched at 9th edition of Cityscape Abu Dhabi as real estate market remains stable
Abu Dhabi, UAE, 19 April 2015: Nationality has proved to be a significant factor in determining how investors pay for their properties, as a recent study reveals Emiratis, unlike expatriates, opt for cash over finance.
“Leading real estate broker, Nationwide Middle East Properties LLC will be launching Aabar’s latest development at the event, which is a signature living tower project of 29 floors with 360 degree views and set to be completed by early 2016.
Ameen Al Qudsi, CEO, Nationwide Middle East Properties LLC said: “Due to the quality of products delivered by developers and the payment plans offered to investors the demand for housing is still increasing for end-users.
“Removing the 5% 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. Governmental regulations have restored investor confidence in the Abu Dhabi real estate market over the last few years and by providing more infrastructures, we have seen a rise in future projects across all sectors. This pumps a whole new consumer segment into the market which can come from both abroad and local investment,” Al Qudsi added.”