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According to the consulting company ValuStrat, the cost of villas and apartments in Abu Dhabi has increased significantly over the past five years in the fourth quarter of 2021, which was facilitated by the economic recovery of the UAE.
The ValuStrat Price Index (VPI) for Abu Dhabi, which tracked five cottage settlements and five residential areas in the emirate, jumped 11% year-on-year and 21% quarter-on-quarter.
As for villas, the largest annual capital gains were recorded in Al-Rif (13.5 percent), Saadiyat Island (13.5 percent) and Al-Raha (12.9 percent), according to the report of the consulting company.
The best indicators in the apartment segment were on Al-Rim Island (10.4%), Al-Munira Island (9.8%) and Al-Bandar (8.4%).
At the end of the fourth quarter of last year, the construction of about 4,182 apartments and villas was completed in 18 projects. According to ValuStrat, the average asking price of housing per square meter in the fourth quarter of 2021 increased by 1.9% compared to the previous quarter and by 8.6% year-on-year.