Rents rise quicker in newer Abu Dhabi developments
St Regis Villas on Saadiyat Island are among the parts of Abu Dhabi that are experiencing the steepest rises in rent
Housing rents are rising across Abu Dhabi, but the capital’s newer developments are experiencing the biggest annual increases.
Rents for apartments in new buildings rose about 16 per cent on average, compared to a rise of 9 per cent at some of the older buildings, according to a survey conducted by The National.
Reflecting the city’s changing demographics, newer developments – such as the Sun and Sky Towers on Reem Island and Nation Towers in Khalidiya – were being built with more studio units, as well as one-bedroom, two-bedroom, and three-bedroom flats, said Mr Crompton.
The new developments were built with a host of amenities such as swimming pools, tennis and basketball courts, gyms, and retail outlets. Read More
