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 leading real estate consultancy ValuStrat.
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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.
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.
With the recent adjustments, citywide rents in Abu Dhabi have returned to similar levels recorded in 2020, according to ValuStrat.