UAE: Apartment Rents Dip in Dubai, Surge in Abu Dhabi

Apartment Rents Dip in Dubai, Surge in Abu Dhabi

UAE property portal Bayut.com is reporting this week that affordability remained the center of discussions at the recently concluded Cityscape Global real estate exhibition in Dubai and the city's rental market reflected just that in August 2016.

To the delight of renters, Dubai's apartment rental market saw values edge down further - less so for neighboring Abu Dhabi, where rents exhibited a resurge with an upward movement. As always, the two main markets of the UAE continued to lure investors with relatively affordable prices and attractive rental returns on investment, with Dubai recording real estate transactions worth an impressive $43 billion by the end of August 2016.

Read more on: www.worldpropertyjournal.com

Source : UAE: Apartment Rents Dip in Dubai, Surge in Abu Dhabi