Tenants, buyers have more bargaining power in Abu Dhabi.

Abu Dhabi real estate sales prices and rents continued to undergo downward adjustments throughout 2018, albeit at a lesser rate towards the end of the year, indicating that in some locations pricing levels are starting to become more realistic, according to Chestertons. Average apartment and villa sales prices fell by 2 percent in Q4 compared to the previous quarter. The year-on-year performance showed that apartment prices declined, overall, by 9 percent and villas by 11 percent, informed Chestertons. Around 5,000 new residential units were completed in Abu Dhabi in 2018, estimated JLL. Q4 saw the delivery of approximately 1,600 units, bringing the total residential stock to approximately 257,000 units. Approximately...