A YouGov survey shows the confidence of property owners in the Abu Dhabi real estate market

According to a YouGov study commissioned this year (2023) by Metropolitan Capital Real Estate, 82% of Abu Dhabi property owners would buy another unit if they sold their current asset at a good price. At the same time, 67% would sell their property this year (2023) in return for a decent premium.

The survey, which polled 300 UAE residents in January 2023, also revealed that 61% of homeowners would like to reinvest their real estate resale profit to upgrade, while 31% want to relocate to the UAE. Finally, 8% would like to retire in the UAE.

As stated by Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, over the next 2 years, the company will witness even more demand for secondary real estate from foreign buyers. Abu Dhabi is emerging as a top destination for living, working and retirement, thanks to the emirate’s prosperous employment market, thriving economy and a safe environment overall. Metropolitan Capital Real Estate is also registering interest from big businesses who are relocating to Abu Dhabi, and from individuals who consider acquiring primary or secondary units in the capital. It is worth noting that the new Midfield Terminal, which is due to open in December 2023, will become another major driving force behind the demand for the emirate’s real estate sector from buyers from India, CIS, Western Europe and the UK.

Ratskevich also said that the YouGov survey illustrates the confidence that Abu Dhabi property owners have in the local real estate market, which means that the secondary market will maintain its strong performance. Individuals opting to invest in this segment will be able to take advantage of the increasing number of current owners who are eager to sell their assets for the purpose of reinvestment in the property market. On top of that, 69% of polled homeowners stated that within the next 12 months they are planning to lease their property, which means that tenants will have more options to choose from in the future.

As well as all that, the YouGov survey revealed the following:

• 73% have 1-2 units within their possession
• 65% own 1 or 2-bedroom apartments in the capital
• 60% are currently residing in the property they have acquiredt
• 82% upgraded their unit significantly since the acquisition
• 8% spent more than AED 1M on renovating their home

Alongside Metropolitan Capital Real Estate in Abu Dhabi, Metropolitan Group comprises Metropolitan Premium Properties and Metropolitan Homes in Dubai, Luxury Immobilien GmbH in Vienna and Metropolitan Consulting FZE, which offers legal services.