Property rents in Abu Dhabi start falling again over new supply

<p>Residential rents in Abu Dhabi have pulled back from their recent gains to reach similar levels of last year, according to new data released by&nbsp;<a href="https://valustrat.com/" rel="noopener ugc nofollow" target="_blank"><strong>leading real estate consultancy</strong></a>&nbsp;ValuStrat.</p> <p><strong>Also Read :&nbsp;</strong><a href="https://valustrat.com/abu-dhabi-q3-2021-real-estate-research" rel="noopener ugc nofollow" target="_blank"><strong>Abu Dhabi Q3 2021 Real Estate Research</strong></a></p> <p>Average rental values for apartments and villas in the emirate dropped by 3.4 percent in the third quarter compared to the previous three months.</p> <p>So far, the decline is the biggest this year, with rents previously registering a 4.3 percent quarterly jump in Q2 2021 and 1.8 percent in the third quarter of 2020.</p> <p>With the recent adjustments, citywide rents in Abu Dhabi have returned to similar levels recorded in 2020, according to ValuStrat.</p> <p><a href="https://medium.com/@valustrat/property-rents-in-abu-dhabi-start-falling-again-over-new-supply-fcc124eb4b57"><strong>Read More</strong></a></p>
Tags: Property Rents