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The rental value in chic, posh areas including the Corniche, Khalidiyah and The Tourist Club Area range between Dh280,000, Dh250,000 andDh190,000 for three-bedroom apartments.
Moreover, it is deemed difficult to seek new tenancy agreements. The rental value of a one-bedroom apartment in the heart of Abu Dhabi costs Dh60,000 to Dh120,000 a year, as compared to a two- or three bedroom unit located on the periphery of Abu Dhabi, such as Muroor that has parallel cost range. The Asteco data reveals, “the Percentage change for villas recorded a considerable disparity against apartments with the average villa increase of 57 percent over the past year”. A superior class Villa is estimated to yield rental value of Dh260,000 for a three bedroom to more than Dh450,000 for a five bedroom. The maximum impact of the high rentals is observed in the villa category in Manasier, owing to near to finish projects on the plate that are seeking elevated rates. |