The Abu Dhabi Real Estate Centre (ADREC) has announced the capital’s first residential rental index. Abu Dhabi’s first rental index was designed to cement transparency standards across the nation and bolster growth in Abu Dhabi’s burgeoning real estate market.
The platform will offer real-time updates on residential properties in Abu Dhabi for residents and investors alike. Rashed Al Omaira, Acting Director-General of Abu Dhabi Real Estate Centre, is certain that “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.” The rental index will also feature indicative quarterly rental pricing for prospective renters and buyers interested in the Abu Dhabi landscape.
The platform is expected to feature supplementary metrics such as the commercial index and service charge index to provide a holistic outlook on real estate offerings in the UAE’s capital. According to Al Omaira, the launch of Abu Dhabi’s rental index positions the emirate as an attractive investment destination and aides in “creating a more sustainable and resilient market.”
