“Following a sustained period of rental declines, we have seen some stabilisation over the last 3 months, particularly at the top end of the market due in part to a slowdown in transactional activity,” said …Read full article » United Arab Emirates: Wednesday, December 14 - 2011 @ 13:21
In the most comprehensive report of its type, Asteco says Abu Dhabi continues to see an increase in the supply of residential property with almost 1,000 new apartments delivered to the market in the last …Read full article » United Arab Emirates: Monday, October 12 - 2009 @ 16:05
The decline has been in line with capital values.
The Abu Dhabi Report for Q1 2009 issued today by Asteco, the UAE’s largest property services company, showed that a limited supply of residential and commercial units …Read full article » United Arab Emirates: Tuesday, April 14 - 2009 @ 17:15
A slowdown in transaction volume and more sustainable levels of rental and capital appreciation defined Abu Dhabi’s residential sector performance according to Asteco’s Q2 2014 real estate report.
On average apartment sales prices increased by 4% …Read full article » : Wednesday, July 09 - 2014 @ 13:40
Affordability has put a ceiling on villa rents, with declines in rents particularly at the upper end of the market, and demand for office space remains subdued with prospective tenants adopting a ‘wait and see’ …Read full article » United Arab Emirates: Wednesday, April 14 - 2010 @ 13:59
Villa rental rates for Q3 were relatively static for the second consecutive quarter, however villas in off-island locations such as Mohamed Bin Zayed City and Khalifa City continued to slide by 5% on average.
The most …Read full article » United Arab Emirates: Wednesday, October 05 - 2011 @ 14:14
The report finds villa rents have fallen 8% over the quarter, declining further from the 5% decrease of Q4 2010, with falls especially pronounced within lower quality villas.
According to Elaine Jones, CEO, Asteco Property Management, …Read full article » United Arab Emirates: Sunday, April 10 - 2011 @ 17:36
In its latest quarterly assessment of the Abu Dhabi property market, the leading UAE-based property consultant found apartment rental prices declined by an overall average of 9% during the second quarter.
“The downward trend is …Read full article » United Arab Emirates: Tuesday, July 05 - 2011 @ 15:58
During the second quarter of 2010, apartments have fallen at a similar rate to that witnessed during the first quarter and that trend is set to continue throughout 2010 as more supply comes on to …Read full article » United Arab Emirates: Monday, July 12 - 2010 @ 17:30
Linda Loughnane, Director of Asteco Property Management said, “Asteco will deliver a professional asset management service and execute property administration functions on behalf of the Bank that include rent collection, leasing and marketing of ADCB …Read full article » United Arab Emirates: Tuesday, June 01 - 2004 @ 15:32