The real estate market of Abu Dhabi (UAE) is saturated

The glut of housing market of Abu Dhabi has led to a significant reduction in prices, according to the online source of the Property Show Rooms . According to statistics, even though the number of built housing projects in the first quarter of 2013 has decreased, the number is still high. Company Cluttons Experts explain that excess supply and low demand lower prices for residential real estate, especially in the older parts of Abu Dhabi. Nevertheless, the price in new buildings in areas such as Saadiyat Island and Al Raha Beach has increased significantly. Experts note that the Abu Dhabi Government aimed at economic growth and the real estate sector. The Executive Council of the Emirate has announced plans to invest 330 billion dirhams (about $ 90 billion) to the economy and infrastructure of Abu Dhabi. HomesOverseas.ru