- Bayut.com said in its annual report that Mohammed Bin Zayed City, topping the list of most affordable areas in Abu Dhabi, saw rents dropping by 12% in 2017
- The Corniche Area, the most expensive for apartment rentals among popular areas, also experienced a 12% decrease in 2017, as the average rent was AED 80000 for a studio
- Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, one-bedrooms and two-bedrooms costing AED 60000, AED 82000 and AED 120000
- The price of two-bedroom flats on Airport Street is 29% lower at AED 85000 per year, which was the most significant drop among popular areas of Abu Dhabi
- Abu Dhabi is the capital city and the largest emirate in the United Arab Emirates
- Bayut.com is a Dubai-based property portal, which operates in all the seven emirates of UAE
- Bayut.com’s database lists over 95,000 property listings including homes, villas, apartments and commercial buildings available for sale or rent in UAE
- Bayut.com also contains lists of schools, hospitals, shopping malls, cinemas and transport in UAE
- As more and more off-plan projects in Abu Dhabi are completed in 2018, handed over and put on the secondary market, prices can be expected to continue to attract investors
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