Yas and Al Reem Islands See 18% Surge in Apartment Prices

Summary:

Apartment prices on Yas Island and Al Reem Island increased by approximately 18% over the past year, according to a Knight Frank report. Al Saadiyat Island remains the most expensive market, with prices at Dh43,100 per square metre, up 21%. In the villa segment, Al Jubail Island saw a 40% price growth. Abu Dhabi has 36,900 homes under construction, primarily apartments, with Yas Island leading in supply at 7,700 units. Meanwhile, office leasing transactions fell 13%, indicating a cooling sector, but occupancy remains high at 98%.