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?Average asking prices in Dubai today stand at AED 5.1 million while those in the capital figure at AED 3.3 million. Whilst Abu Dhabi?s property prices have increased over the course of this year, Dubai?s residential prices have risen more significantly, widening the gap in property values between the two emirates,? said Renan Bourdeau, Managing Director & Partner at propertyfinder.ae.
?In January this year, average property prices in Abu Dhabi were valued at AED 2.3 million which is AED 1 million lower than the current average price. So, whilst the market is showing positive growth, recovery seems limited to prime neighbourhoods, unlike Dubai where the pace of growth has been widespread,? added Bourdeau.