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FINANCIAL NEWS
Abu Dhabi residential rents drop in H2
16 Aug 2016
(MENAFN) Apartment rents in Abu Dhabi will see more declines in the second half of this year, whereas apartments in Al Reef Downtown hit 8.8 percent drop.
Furthermore, apartments also saw a 2 percent decline in rents during Q2 compared to an increase in Q1.
Accordingly, the residential rental market fell by 2 percent, with the luxury end of the segment bearing downward pressure due to cut in spending.
While, the remainder of the year will see marginal declines, however solid yields will remain popular with investors.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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
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