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ABU DHABI PROPERTY MARKET EXPECTED TO GROW STEADILY IN 2014

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24 February 2014 Abu Dhabi property market expected to grow steadily in 2014

Abu Dhabi Finance (ADF), one of the UAE’s leading home finance providers, witnessed an increase in investor interest in the Abu Dhabi property market while participating at a prestigious industry event last week. Real estate prices have been rising steadily in the emirate following the UAE’s strong economic growth during the last few years.

The company participated at the Abu Dhabi Property Market Exhibition, held under the patronage of Federation of UAE Chambers of Commerce and Industry, as part of its role as a key player in the Abu Dhabi property market. Held at the Marina Mall Abu Dhabi from 4 – 8 February, the event brought together financial institutions and investors exploring various mortgage options.

The opening ceremony of the exhibition which was inaugurated by H.E. Humaid Ali bin Salem, Secretary General, U.A.E. Federation of Chambers of Commerce and Industry.

Chris Taylor, CEO at Abu Dhabi Finance, said that the rise in potential property buyers during the event indicated that investor confidence in real estate had increased, both in Abu Dhabi and the wider UAE market.

Abu Dhabi has seen a recent surge in real estate demand, with property prices rising by as much as 37 per cent in some areas in 2013, according to industry reports. “The industry is looking strong again and we expect business to grow even more in 2014,” commented Mr. Taylor
“The property market in Abu Dhabi has been receiving heightened investor interest, at both local and international fronts. This optimism is driven primarily by the recent government regulations which have resulted in increased investor security, as well as the UAE winning the bid to host major global events such as the Expo 2020.”

Specialist Mortgage Advisors were present at the Abu Dhabi Finance exhibition stands to offer advice and guidance on home loans in the UAE. Detailed information about ADF’s various home and commercial finance products was also available.

Prospective home buyers can call 800 ADF (233) to schedule appointments with ADF Mortgage Advisors in the comfort of their own homes or offices.