Here is a quick overview and comparison of the property trends in Abu Dhabi for apartments & villas for rent from September 2016 to March 2017.
With a drop down of 7% of the price per sq. ft compared to last year (AED 84 in September 2016 and AED 78 in March 2017), Al Ghadeer is one of the most affordable communities in Abu Dhabi. It’s located close to Hydra Village & Dubai’s commercial and lifestyle (Expo 2020, Bollywood Parks) which is a great advantage for all nationalities. Residents from all across the globe from Americans, Arabs, Indians, Europeans. Al Ghadeer is a beautifully landscaped gated community, which provides all needed facilities such as swimming pools, children’s play areas, tennis court, gym, etc…; the community is an ideal choice for families, couples as well as singles looking to settle in a gated community.
Al Raha Beach is a leasehold community developed by Aldar and located at the heart of Abu Dhabi. Yet away from the hassles of life, you will find Abu Dhabi’s new playground, Yas Island (F1TM race track, Ferrari World Abu Dhabi). Infrastructure is designed to ease accessibility, combining several types of transport. The community is the only one in Abu Dhabi that hasn’t witnessed any change since last year, the price per sq. ft remains at AED 100 this year as well.
The Island was built by Reem Investment, Aldar and Tamouh Investment. The Island accommodates around 280,000 residents and includes important amenities like schools, medical clinics, shopping malls, restaurants, hotels, resorts, spas, gardens, and beaches. Al Reem Island is a fully sustained development with residential units that have European style design and contemporary finishing.
Saadiyat is the only community that witnessed an increase in the price per sq. ft per annum from AED 100 to AED 106 (4% change) which makes apartments in Saadiyat the city’s most expensive ones. This natural island sits confidently at the heart of Abu Dhabi’s tourism, residential and business strategy, 7 mins from downtown Abu Dhabi and 20 mins from Abu Dhabi International Airport. Thanks to its unbroken arc of white sand, Saadiyat Beach is a much-sought-after international tourist destination. The Cultural District of Saadiyat includes world-famous Louvre & Gugheinm museums.
In an overall, we can conclude that the rents in Abu Dhabi will further continue to decline, thus it’s the right time for you to pick your property and start renting!
|Studio Apt||1BR Apt||2BR Apt||3BR Apt||4BR Apt / Villa||5BR Villa|
|Al Raha Beach||90K||100K||127K||165K||195K (Villa)||330K|
|Al Reem Island||48K||68K||90K||105K||200K (Apt)|
|Saadiyat Island||95K||160K||194K||286K (Apt)|