Abu Dhabi Has Launched a Residential Rental Index
- Publish date: Thursday، 22 August 2024
Abu Dhabi has launched its first-ever residential rental index, which will provide rental values for both landlords and tenants in different areas.
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Abu Dhabi has launched its first-ever residential rental index, which will provide rental values for both landlords and tenants across different areas in the emirate.
The rental index is available here, at the Abu Dhabi Real Estate Centre website.
The rental index has been launched as rents continue to increase in Abu Dhabi. Apartment rents increase by two percent in Abu Dhabi annually while villa rents increased by five percent, according to the latest reports by Asteco.
Sale prices in Abu Dhabi also witnessed an increase with apartment prices rising by five percent year-on-year and villa prices by three percent.
Abu Dhabi's average apartment rents increased by 6.6 percent in the second quarter compared to the year before and the villa rents increased by 2.5 percent, according to the latest report by CBRE.
Demand for property has increased in Abu Dhabi for the past 12 to 18 months as the population increased and the non-oil economy expanded.
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