Abu Dhabi: Demand is expected to increase across all sectors of the real estate market in Abu Dhabi over the next four years due to continuous population growth.
The fastest increases in supply will take place in the office and hotel sectors averaging an annual growth of 18 per cent till 2013, said a study by the Abu Dhabi Urban Planning Council (UPC).
"Our findings have helped us produce a real estate supply and demand model to assist smart decision making at all levels and across all sectors while ensuring that the level of consented supply is in line with scientifically forecasted market demand," said Falah Al Ahbabi, UPC General Manager.
He added: "The forecast models developed as part of this effort will be utilised to produce future demand and supply trends which would be released annually by the UPC."
The study uses a top-down macroeconomic model to project employment and population growth for the Abu Dhabi metropolitan area and translates it into possible demand up to 2013.
