- Raha Beach, Raha Gardens, Al Reem Island, Saadiyat Al Reef have demonstrated rental increases over last six months
- The recent decree that all government employeesmust live in Abu Dhabi has helped fuel demand
- Sorouh/Aldarmerger have also helped bring confidence to market place
Dubai, UAE: 7February 2013 –Cluttons, the real estate specialistwhich has enjoyed a dedicated Middle Eastern presence since 1976,has found that areas of Abu Dhabi are defying the overall trend of declining rent prices and performing at an encouraging level.
Areas which have benefited from the recent development of good quality residential communities, such as Raha Beach, Raha Gardens, Al Reem Island, Saadiyat and Al Reef, have all demonstrated rental price increases over the last six months which appearset to continue throughout 2013.
The increases are linked to general market demand.This is being driven by an influx of people moving to Abu Dhabi from both Dubai and outside the region, as well as relocating within the city from older buildings, whichlack equivalent facilities tothe modern developments. The general standard of living and quality of build has improved in Abu Dhabi, which has also encouraged movement within the marketplace.