15% year-on-year surge in Abu Dhabi residential rents, driven by supply-demand imbalance in prime areas.

Abu Dhabi's residential rents surged by 15% year-on-year, the highest increase in over a decade, driven by demand exceeding supply, particularly in prime areas like Saadiyat and Yas Islands. Villas saw a 10% rise, while apartments increased by 16%. Sale prices grew steadily by 9%. To enhance market transparency, the Abu Dhabi Real Estate Centre launched its first official rental index, aimed at stabilizing the rental market.

September 26, 2024
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