JLL's latest quarterly report reveals that Abu Dhabi's real estate sector was stable in the first quarter of 2015, according to an exclusive survey conducted at Cityscape Abu Dhabi. JLL's latest quarterly report reveals that Abu Dhabi's real estate sector witnessed remarkable stability during the first quarter of 2015, while an exclusive survey conducted at yesterday's Abu Dhabi Market Insight event showed that 50% of respondents are confident that the real estate market will continue to grow at a steady rate.

Increased demand, weak availability of high quality and the removal of the cap on rent increases resulted in prime residential rents rising by 4% during the first three months of the year, further highlighting the remarkable growth in the market.

The survey was conducted at the Abu Dhabi Market Outlook event yesterday. Hosted by JLL and supported by Masdar City for the second consecutive year, the ’Abu Dhabi Market Outlook‘ event brought together a panel of experts to discuss how to create a sustainable real estate market in Abu Dhabi.

The Abu Dhabi Market Outlook is the first of its kind to be held in Abu Dhabi. Held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the three-day event will run until April 23 with more than 130 international and regional exhibitors on 18,000 square meters of exhibition space.

The Abu Dhabi Urban Planning Council took center stage on the first day of the exhibition, unveiling 22 new projects that have received final approvals, spanning more than 700,000 square meters.

<’We agree with JLL's survey results that the new government regulations will have a significant impact on the market and its overall stability,‘ said Mohammed Khader Al Ahmed, Executive Director, Urban Development and Sustainability, Abu Dhabi Urban Planning Council (UDC). “The first day of Cityscape Abu Dhabi was very lively and a great success. We launched the new missions, visions and values of the Abu Dhabi Urban Planning Council's internal strategic plans from 2015 to 2020 and unveiled 22 projects that have received detailed approvals from the Abu Dhabi Urban Planning Council.”

In a move to highlight the impact of the new government regulations on the market and its overall stability, the first day of Cityscape Abu Dhabi was a great success. Highlighting the positive investment climate at the show, Zawya Oasis, along with a large number of real estate developers, launched new projects at the three-day event, with the company unveiling its new eco-friendly project, Ariyaf Villa.

Zawya Oasis said. <Khaldoon Mohammed Saleh, General Manager of Zawya Oasis, said: “The real estate market is booming at the moment, specifically the residential real estate market, which is at its best this year, which can be seen throughout the exhibition, and we are very happy to be here and look forward to participating once again in this wonderful exhibition.”

Heldon Mohammed Saleh, General Manager of Zawiya Oasis, said: “We are very happy to be here and look forward to participating again in this wonderful exhibition. He added: ”Cityscape Abu Dhabi 2015 has started well for us, we have received a lot of inquiries and sales from existing and prospective clients, and the event has provided us with the perfect opportunity to launch our new development project, Ariaf.’

<Cityscape Abu Dhabi is supported by strategic partner, Department of Municipal Affairs; platinum sponsor, Zawya Oasis; silver sponsor, Farglory; official VIP sponsor, Ejada Asset Management Group; and official financing solutions provider, Abu Dhabi Finance.