Rentals in Abu Dhabi rise 20% in second quarter   

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The government of Abu Dhabi housing payment rule has led to big gains in rental prices during the second quarter, specifically for studio, one- and two-bedroom spaces where rent prices have hiked 20% on average from quarter ended March 2014 rates.

Rentals in Abu Dhabi rise 20% in second quarter

Rentals in Abu Dhabi rise 20% in second quarter

According to the latest comprehensive market intelligence report for the second quarter of 2014 confirms that realty activities have settled down from the time when the first whirl prompted by Dubai’s successful 2020 World Expo hosting bid.

In Abu Dhabi, some of the best residential rental deals can be found at the Muroor Road. Meanwhile, Al Reem Island proffers studios for sale and one-bedroom homes, while downtown Al Reef sells studios and one-bedroom spaces. Bigger two to four-bedroom purchase choices are offered at Hydra Village and Al Raha Beach as well.

The market has approximately achieved a level of steadiness driven by the key aspects of inexpensive rents and housing that are fostering equivalent increase in small and medium industries.

He expected confidence among global investors to persist to boost as the UAE rolls out new enlargements that are related to the expo and the wider national expansion objectives in the Vision 2021 strategy.

Dubai’s realty market is currently controlling leasing price improvements amidst recuperating market activity and raising immovability resulting from government actions such as raising registration charges from 2-4% and assuring more clearness throughout integrated organization checks. These actions aspire to lead in the market and lessen value assumptions.

With its inhabitants predictable to increase 7% to 3.4 million from 2015 to 2020, Dubai is anticipated to encounter amplified demand for real property in the mentioned time.

Mohamed Dekkak