30 Sep 2010
(MENAFN) According to the Abu Dhabi Q3 2010 report issued by Asteco, a property management firm, during the third quarter Abu Dhabi?s housing rents dropped by ten percent mainly driven by rents of buildings, Khaleej Times reported.
A growing number of residents is moving out from their villas on Abu Dhabi Island as prices averaged 35 percent more than some communities on the mainland.
Al Reef is becoming a location famous for reasonable prices and as more stock is released over the coming months, prices are expected to drop more. Four-bedroom villas at Al Reef are now on the market for as low as $38,000 a year,
?Prime? buildings’ rents fall seven percent with lower quality buildings decreasing ten percent in the third quarter, Atesco added.
Prices have sustained their drop with the larger four- and five-bedroom townhouses decreasing by between 5-8 percent and five-bedroom villas with a swimming pool under the $54,000 marks.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more