Abu Dhabi is anticipating around 8,500 new housing units per annum over the next three years to come onto the market.
However, in the last five years, the arrival of housing units in the capital was as high as 11,000 per annum, says a study by real estate consultancy firm CBRE.
The study said whilst there are clearly some headwinds for the residential market, the low level of expected completions over the next three years will help provide a cushion against the ill effects of the declining commercial market and a slowdown in some other sectors of the economy which ultimately influences demand for housing, says CBRE study. Details