Residential property market expected to continue to soften in 2019 in Abu Dhabi

Sales of apartments in Abu Dhabi fell by 9% on average in 2018 while villas sales were down by 4%, according to the latest residential real estate report for the Emirate. Overall, sales activity for completed projects was limited, but off-plan properties offered at attractive rates with flexible payment plans continued to generate interest with some developments achieving high demand levels, according to the fourth quarter report from Asteco. It shows that then highest falls in apartment sales were recorded in Marina Square and Sun and Sky Towers, both on Al Reem Island while the highest decrease for villa sales was in Al Raha Gardens and Al Reef Villas.