Where to Rent in Abu Dhabi in 2015?
Here’s some good news for those who wish to rent property in Abu Dhabi, UAE. After years of skyrocketing rents in the country, prices which began to steady last year will continue to remain stabilized this year, as well.
During the first nine months of 2014, Abu Dhabi’s freehold areas saw rise in rental rates by just 2.7%,whereas in 2013, there was a 9% rise in 2013, as perthe property consultancy, Cluttons.
This year, experts say that will see a dip in rental rates in Abu Dhabi, which is a good news for tenants. But wait, trends will vary from area to area. To make sure you stick to your budget and still get a dream rented accommodation in Abu Dhabi, follow our guide to renting property in the city:
One of the most poshy areas in UAE, Saadiyat Island has some of the costliest rental properties and is also home to the forthcoming Louvre Abu Dhabi and Guggenheim Ab u Dhabi. Here, rents for three-bedroom townships are more than Dh 300,000 a year while a luxurious six-bed villa can cost as much as Dh 875,000 to rent. Ben Crompton, Crompton Partners managing partner in Abu Dhabi believes thatSaadiyat will see the most rent increases in 2015, mainly because of Cranleigh School.
Perfect for: Uber-wealthy families
Best rented accommodation: Six-bedroom villa with pool at Edwards and Towers (Dh875,000 per year)
Situated closer to downtown Abu Dhabi, Reem Island is easily accessible fromCorniche and the neighbouring Al Maryah Island. Rents of mid-range apartments increased by almost 6% during the third quarter of 2014 alone, marking the highest increase in all of Abu Dhabi, as perCluttons. Rented rate for two-bedroom apartments now range between Dh120,000 to Dh150,000. Good thing is opening of several new buildings on the Island will halt further price increases in 2015.
Perfect for: Young professionals and couples
Best rented accommodation: Two-bed, three-bathroom apartment at Aster Properties in Marina Square (Dh130,000 per year)
Al Raha Beach
According to Ben Crompton, the Al Zeina area of Al Raha Beach will offer the best bargains for affluent renters in 2015.New four-bedroom duplex apartments will be available for rent at around Dh190,000 per year. Because property owners are trying to rent the units quickly, thereis a dip in prices. These accommodations are modern, with a decent layout, and there’s a beach too, perfect for expat familes.
Perfect for: Price-conscious families
Best rented accommodation:Four-bed duplex apartment with sea view and access to private beach at Cluttons (Dh190,000/year)
For those who plan to live away from Abu Dhabi Island, Al Reef, located towards Dubai, offers cheaper villas. Rentals for two-bed properties are available at Dh115,0 00 whereasfive-bedroom properties are available at Dh180,000 to Dh190,000. These relatively low prices can, however, see some rise in 2015.
Perfect for: Those working in both Dubai and Abu Dhabi.
Best rented accommodation:Mediterranean-style two-bed villa at Master House Properties(Dh 115,000 per year)
Downtown and Khalidiya
The older districts of downtown Abu Dhabi and Khalidiya are likely to get lower rent rises in 2015 compared with newer areas of the city. These include many older apartments as well as newer developments such as the developer Aldar’sBurj Mohammed Bin Rashid which is the city’s tallest tower. Two-bed apartments rental costs vary extensively, from around Dh100,000 to Dh160,000 a year.
Perfect for: Those who want easy access to CornicheRoad.
Best rented accommodation:Two-bed apartment with sea views inHenry Wiltshire(Dh 150,000 per year)