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FINANCIAL NEWS
Abu Dhabi rents decline in Q2, 2016
26 Jul 2016
(MENAFN) Abu Dhabi’s real estate market viewed a decline after 18 months of stable conditions, with rents in Q2 of this year dropping.
Accordingly, the country’s market may see a downward trend soon, which is helped by lower government spending and weak investment sentiment.
Additionally, the fall is likely to be modest, compared to the growth seen from 2013-2015, whereas average rents in Abu Dhabi increased 5 percent in 2015.
Moreover, rents have only fell marginally due to supply has been at an all-time low, leading to stable market conditions over the past 18 months.
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