JLL: Abu Dhabi residential property rents stable in 1Q16
In its 1Q16 review of Abu Dhabi’s real estate markets, JLL noted that residential property rents are stable. In 1Q15, rental growth had been slowing. Total residential supply increased from 244,000 units in 2014 to 245,000 units in 2015 to 246,000 units in 1Q16. Additional supply is expected to amount to 4,000 units through the remainder of this year, with another 6,000 units in 2017 and 7,000 units in 2018. Hot topics for the residential market include the new regulatory regime, which should provide for better transparency – as well as protection of consumers and investors – over the long term. Tighter regulation will likely curtail growth in supply over the short-to-medium term.
Source : JLL/Mar 2016/Abu Dhabi/RES