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Abu Dhabi launches official rental index

Tuesday, 20 August 2024 14:38

By ARN News Staff

Shutterstock [For illustration]

The Abu Dhabi Real Estate Centre (ADREC) has unveiled the UAE capital's first residential rental index.

This new platform is set to boost transparency and stability in Abu Dhabi's rental market by providing tenants and landlords with reliable and accessible data on rental values.

The index offers quarterly updates on rental prices across various neighborhoods, helping both investors and residents make informed decisions.

ADREC's Acting Director-General, Rashed Al Omaira, highlighted that this initiative will invigorate the rental market and enhance Abu Dhabi's appeal to international investors.

He added that the index is part of a broader strategy to improve customer satisfaction and foster a sustainable and resilient real estate market.

Future plans include the introduction of a commercial index and a service charge index to further strengthen the sector.

 

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