The Abu Dhabi Real Estate Centre (ADREC), the regulator of Abu Dhabi’s real estate sector, has introduced the emirate’s first official Rental Index.
The platform has been designed for both tenants and landlords. The tool aims to enhance the stability of the capital’s expanding real estate market, by increasing market transparency through indicative rental values.
The platform offers easily accessible and reliable data on residential, commercial, and industrial properties. It also features indicative quarterly rental pricing for properties across various areas in Abu Dhabi.
“The Rental Index will energise the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract international investors,” said Rashed Al Omaira, Acting Director General, ADREC, “We are committed to building a thriving real estate sector, positioning the emirate as a leading investment and real estate destination regionally and globally.
“Our mission is to ensure transparency in our practices, and we will continue to work alongside all stakeholders to build and maintain trust in the system.”
The Abu Dhabi Rental Index is part of ADREC’s ongoing efforts to improve customer satisfaction in the real estate market and deliver value to all stakeholders, including investors, property owners, and tenants.
In Q1 2024, the value of real estate transactions in Abu Dhabi reached Dh15.9 billion, according to data from the DARI platform of the Department of Municipalities and Transport (DMT).The figures revealed the emirate recorded 5,127 sales and mortgage transactions on various types of real estate units during the first three months of 2024.
