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A New Index Aims To Assist Both Tenants And Landlords As More Properties Become Available For Rent.
Abu Dhabi has introduced its first-ever Rental Index, aimed at offering greater transparency in the property market. This new tool allows tenants and landlords to track rental trends and make informed decisions as more properties become available for rent.
Accessing the Abu Dhabi Rental Index
Accessible through the Abu Dhabi Real Estate Centre (ADREC) official website, adrec.gov.ae, the index covers various regions, including Al Ain, and provides a comprehensive overview of current rental ranges.
Boosting the Real Estate Sector’s Appeal
Rashed Al Omaira, Acting Director General of ADREC, highlighted the initiative’s significance, stating that the Rental Index will invigorate the rental market in Abu Dhabi and boost the emirate’s appeal to international investors. The introduction of the Rental Index aligns with efforts to create a more sustainable and resilient real estate sector in Abu Dhabi.
What the Rental Index Offers
The Rental Index provides easily accessible and reliable data on home rental trends, catering to residents and those living abroad. Additionally, the platform offers indicative quarterly rental pricing for properties across different areas of Abu Dhabi, enabling users to understand the market dynamics better.
Overall, this initiative is set to increase the attractiveness of Abu Dhabi real estate sector and contribute to its competitive edge in the global market. Whether you are a tenant looking for a new home or a landlord seeking to understand the rental landscape, the Abu Dhabi Rental Index is a valuable resource that will empower you with the information needed to make better decisions.
