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  • 16-12-17

    Abu Dhabi: a crash up to 10-12 percent of housing rents to be expected

    (MENAFN) It was recently reported that housing rents in Abu Dhabi are estimated to end the year 10 to 12 percent lower in comparison to last year.

    Unless there is a "notable rebounding in economic growth," rents are expected to fall by an extra 5 to 7 percent next year, as warned by Cluttons Winter 2017/18 Abu Dhabi Property Market Outlook.

    It was also said that the demand in Abu Dhabi rental market comes from households moving in order to make savings along with benefitting from incentives offered by landlords.

    These offers consist of an agreement to make rental payments by multiple cheques and also an increasing number of landlords who are keen on paying agency fees usually up to 5 percent of the annual agreed rent.

    MENAFN1612201700450000ID1096239520

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