Abu Dhabi real estate boom lifts Aldar to 10-week high

August 27, 2014 5:09 pm

The Abu Dhabi market index ADXGI closed 0.26 per cent higher at 5,128.82 points on Wednesday, August 27. Like in Dubai, the market breadth was slightly bearish as 13 stocks gained, while 16 declined in value.

Aldar Properties, the first developer in the UAE capital, surged 2.03 per cent to reach AED4.02. According to Jones LangLasalle , Abu Dhabi witnesses its strongest growth in property prices in the post-Lehman era, especially in the prime real estate segment.

United Arab Bank recorded the biggest drop, ending at AED6.41.

Gérard Al-Fil