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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
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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