Rent An Apartment in Abu Dhabi or Buy your own Flat?

As the competition in real estate market is increasing by tenfold every month, the rented property prices continue declining dramatically in the monsoon quarter of 2011. If you are going to stay in abu dhabi for few years or few days and confused whether to rent an apartment in abu dhabi or buy own flat then rented apartment is the perfect choice. If you are non-locale abu dhabi and staying here for work then it is obvious that you will return home at the later age of your life. Thus, buying your own property doesn't make any  sense for you and particularly at the time when rent of apartments are declining to great extent.

Compared to the demand of accommodation, there is over supply of apartments and villas in abu dhabi. As per the official news, the rent of abu dhabi apartments and villas is reduced by nine percent in the quarter two of 2011. Even the apartments in the central area of abu dhabi is available in Dhs 120,000 to Dhs 140,000. Before a year, the lease prices in same area was more than Dhs 200,000. If you want to rent an apartment in abu dhabi then this is the perfect time for you. You will get two-bedroom apartment in the rent of one-bedroom apartment.

You may also wondering what if you prefer to take villa on rent if the prices of them are reduced too. However, it is not the case with villas. The supply of villas in abu dhabi is still not enough in comparison to demand from the people. Thus, the lease prices are quite stable. As the year passes and the enough supply of villas exists in the market, there will be decrease in the villas prices too. One real estate agent has already ensured that many properties are under development and the project will be completed within the next 2 years. If you rent an apartment in abu dhabi, you can get maximum return of your money in terms of accommodation and other facilities.