The first official Rental Index for the emirate has been released by the Abu Dhabi Real Estate Centre (ADREC), which oversees the real estate industry in the city.
The platform, which offers services to both landlords and tenants, is intended to promote stability in the capital’s expanding real estate market, raise market transparency, and offer indicative rental values.
Reliable and easily accessible data on residential, commercial, and industrial properties is provided by the platform. The platform also offers indicative quarterly rental pricing for properties situated in various parts of Abu Dhabi.Acting Director General of ADREC Rashed Al Omaira stated: “The Rental Index will boost Abu Dhabi’s rental market and strengthen the emirate’s ability to draw in foreign investors. Our goal is to establish a robust real estate industry and establish the emirate as a top regional and international destination for real estate investment.
“Ensuring transparency in our operations is our goal, and we’ll keep collaborating with all relevant parties to establish and uphold systemic trust.
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