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Abu Dhabi Property Market Expected To Grow Steadily In 2014
Emirates News Agency (WAM) reported that real estate prices have been rising steadily in the emirate following United Arab Emirates' (UAE) strong economic growth during the last few years.
ADF's participation in the exhibition, held under the patronage of Federation of UAE Chambers of Commerce and Industry, is part of its role as a key player in the Abu Dhabi property market.
Chief Executive Officer (CEO) of ADF, Chris Taylor said that the rise in potential property buyers during the event indicated that investor confidence in real estate had increased, both in Abu Dhabi and the wider UAE market.
Abu Dhabi has seen a recent surge in real estate demand, with property prices rising by as much as 37 per cent in some areas in 2013, according to industry reports.
According to Taylor, the industry is looking strong again and the business is expected to grow even more in 2014.
"The property market in Abu Dhabi has been receiving heightened investor interest, at both local and international fronts. This optimism is driven primarily by the recent government regulations that have resulted in increased investor security, as well as the UAE winning the bid to host major global events such as Expo 2020."
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