Properties on offer in Abu Dhabi’s secondary market are dropping back to the original developers’ asking prices as investors move to cut their losses.

In the secondary market, where properties are most vulnerable to the economic downturn because they are bought and sold before construction is completed, prices had fallen by 15 per cent to as much as 50 per cent in certain areas, brokers said.

'Most of the people in Abu Dhabi are offering properties at their original price now,' said Amer Saeed, a property consultant at the Abu Dhabi branch of the broker Re/Max.

The National