Abu Dhabi residential rents drop in H2
Date
8/16/2016 3:41:35 AM
(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.
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