2. Landlords will continue to sell due to challenging conditions

Rising costs, limited tax relief, and changing legislation – there are many reasons why landlords may consider selling a property in the coming months.

As part of our 2023 Landlord Report, a quarter (25 per cent) of landlords told us they were planning to sell a property before August 2024.

Another study by the Open Property Group found that a third of landlords are considering retiring or leaving the market due to issues with legislation and rising costs.

With the 2024 market landscape likely to remain similar to the previous

Sales prices for luxury apartments and villas in Abu Dhabi’s sought-after neighborhoods have risen by up to 13 per cent in 2023, new data shows.

Based on the search trends observed on Bayut.com, the UAE’s leading property portal, the prices of properties in Abu Dhabi have been on an upward trend, which could be advantageous for those looking to sell or rent out their properties. While there was an increase in sales prices in several areas driven by high demand, this trend was particularly noticeable in upscale neighborhoods offering high-end amenities and facilities.