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New property index shows mixed outlook for Abu Dhabi

CPI Financial
New property index shows mixed outlook for Abu Dhabi - Abu Dhabi - property market - UAE

Cluttons has launched its Abu Dhabi Property Index, which helps benchmark property values in the Emirate, and shows that apartment and villa sales in Abu Dhabi have fallen in Q4 2010

The Index offers price data for both villas and apartment sales over the past year. According to Cluttons, such information provides one of the most accurate real estate price information tools on the market.

The information and analysis provided in the index have been created by analysing 10 leading residential areas in Abu Dhabi, categorising them into high, medium and low end according to specification. The high-end range of units referred to in the index includes prestigious areas such as Raha Beach, whilst projects such as Al Reef are included in the medium-end category, and Mohammed Bin Zayed City in the low-end range.

Cluttons hopes that this resource will present and identify new opportunities across the property sector, enabling users to choose the most lucrative direction for their property investment in a simple and credible way. Cluttons said that it is committed to best practice, and hopes that the Index will foster greater transparency and reflect the true state of the Abu Dhabi property market, helping investors gain clarity and direction.


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