The Abu Dhabi property market has witnessed a considerable improvement in buyer interest during the summer of 2009 compared to the beginning of the year. A healthy local stock market and the continued abundance of employment opportunities in the Emirates’ capital city are just two of the reasons for this resurgent confidence from long-term property investors in particular. An international real estate agency noted that high value transactions in the Al Reem Island and Al Raha Beach developments were a positive indication about recent investor trends, highlighting more reasonable asking prices as a lure for cash rich buyers.
Premier UK-based property management and real estate firm, Hamptons International, recently opened a new branch in Abu Dhabi. Offering their full spectrum of services, including residential and commercial sales and leasing, property management, valuations and research, mortgage services, mortgage calculator, and global investments and assets management, the move by Hamptons represents the ongoing consolidation of property development sector in the region.