Abu Dhabi forecast to add 28,000 more homes by 2023

Government initiatives are set to stimulate Abu Dhabi’s real estate market this year, according to a new report by global consultancy CBRE.

The report shows that 28,000 residential units will enter the UAE capital’s market between 2020 and 2023, adding to the existing 258,000 units.

It added that changes in the freehold law that have enabled expatriates to own freehold property in over 15 designated investment zones, is expected to have a positive impact on the residential market.

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