Abu Dhabi tenants and landlords can now access a newly launched rental index, providing valuable insights into trends in the property market.
The index, available on (link unavailable), is overseen by the Abu Dhabi Real Estate Centre (ADREC) and covers rental ranges in Al Ain as well.
This innovative tool aims to energize the rental market, increase transparency, and attract international investors. Rashed Al Omaira, Acting Director General of ADREC, believes the index will contribute to a more sustainable and resilient market.
The Abu Dhabi real estate market has experienced rental increases in recent years, and the index will help create benchmarks for leasing activity. Notably, the top end of the residential rental market has seen significant new leasing activity, with rent gains maintaining a narrow range.
According to a report by Asteco, average apartment rents have seen modest increases, while select developments have registered more substantial growth. The report highlights varying rental ranges for apartments on Yas and Saadiyat Islands.
The index will also help mid-tier apartment choices, especially in the CBD and Corniche areas, which have recorded slight rental increases. Additionally, properties in prime investment areas like Reem and Yas Islands have experienced annual growth of over 5%.
