If we look at the real estate market of UAE (United Arab Emirates) before two years then Dubai was enjoying the leading position without any competition from other regions of UAE. Property investors and buyers are facing a surging rise in the rent of property market in Dubai and this has bring Abu Dhabi in eye of real estate investors and buyers.
Abu Dhabi is the capital of UAE and also center of political, commercial, industrial, financial and cultural activities. The demand of rental property in Abu Dhabi has increased tremendously which includes short term rent agreement and long term rent agreement. People who are working in the companies seek for long term rent agreement and visitors seek for the short term rent agreement. It is fact that 90% of people are non-residence of Abu Dhabi, all of them are either tourist of employee or businessmen came from different countries of the world. Looking at the percentage, you can imagine the competition in the property market of Abu Dhabi.
The policies of real estate market are designed again which seems more in favor of investors. Numbers of online property shops are available for the sale and rental agreement of property in Abu Dhabi. Most of the people stay in rental apartments thus the demand of rental apartment face high competition. Because of the increasing demand and supply, recently the property prices in Abu Dhabi have fallen by 15% in the first quarter of this year compared to the same period of last year.
Most people stay in rental apartments in Abu Dhabi. Rent Apartments in Abu Dhabi starts from 2000 and can go up to 115, 00,000 per month. It is forecasted that Abu Dhabi will be the new Dubai in next few years which in turn will take the real estate to a new level.
Abu Dhabi is the capital of UAE and also center of political, commercial, industrial, financial and cultural activities. The demand of rental property in Abu Dhabi has increased tremendously which includes short term rent agreement and long term rent agreement. People who are working in the companies seek for long term rent agreement and visitors seek for the short term rent agreement. It is fact that 90% of people are non-residence of Abu Dhabi, all of them are either tourist of employee or businessmen came from different countries of the world. Looking at the percentage, you can imagine the competition in the property market of Abu Dhabi.
The policies of real estate market are designed again which seems more in favor of investors. Numbers of online property shops are available for the sale and rental agreement of property in Abu Dhabi. Most of the people stay in rental apartments thus the demand of rental apartment face high competition. Because of the increasing demand and supply, recently the property prices in Abu Dhabi have fallen by 15% in the first quarter of this year compared to the same period of last year.
Most people stay in rental apartments in Abu Dhabi. Rent Apartments in Abu Dhabi starts from 2000 and can go up to 115, 00,000 per month. It is forecasted that Abu Dhabi will be the new Dubai in next few years which in turn will take the real estate to a new level.
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