Dubai [UAE] August 20: The Abu Dhabi Real Estate Centre (ADREC) – the custodian and regulator of Abu Dhabi’s real estate sector – announced today the launch of the first residential Rental Index for Abu Dhabi.
Serving both tenants and landlords, the platform is designed to increase transparency, provide indicative rental values, and support the stability of the capital’s growing rental market. It offers easily accessible and reliable data on residential properties to help investors and residents understand the rental market and make informed decisions based on reliable data.
Indicative quarterly rental pricing is also available on the platform for properties located in areas across Abu Dhabi.
“The Rental Index will energize the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract international investors. We are committed to building a thriving real estate sector, positioning the emirate as a leading investment and real estate destination regionally and globally,” said Rashed Al Omaira, Acting Director-General of Abu Dhabi Real Estate Centre.
He added that this initiative will increase the attractiveness of the real estate sector and create a more sustainable and resilient market.
The platform aligns with ADREC’s ongoing strategy to enhance customer satisfaction in Abu Dhabi’s real estate sector and deliver value to investors, property owners, and tenants alike.
The rental index comes in a very user-friendly platform where users can select any area across the city and get prices for different types of properties in the area. Users can avail of the service through the Abu Dhabi Real Estate website.
To get clear extensive information, users are required to select their choice of municipality – Dhafra, Abu Dhabi City, and Al Ain City. They can then proceed by selecting the zone of choice, followed by the sector.
Upon selecting the specific area, the index provides transparent information on the prices of properties in that area. These range from apartments to villas. Tenants and buyers can also get a clear idea of the number of bedrooms available in these properties and the different pricing of each.
The portal also provides an interactive map that can be used to view the localities and choose between them.
As per Abu Dhabi’s media office, the rental index is a continuation of ADREC’s ongoing effort to enhance customer satisfaction in the real estate market and deliver value to all stakeholders including investors, property owners, and tenants.
Upcoming metrics, including the commercial index and service charge index, aim to enhance the resilience and reliability of Abu Dhabi’s real estate sector.
