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The disparity in Abu Dhabi apartment rental prices might continue in 2013

According to the experts at Bayut.com, Abu Dhabi rental market is becoming more and more polarised with the passage of time.

 
PRLog - Feb. 25, 2013 - DUBAI INTERNET CITY, UAE -- Older units and apartments for rent in Abu Dhabi are likely to see a further downward trend in 2013. On the other hand, prices and rents of high-end Abu Dhabi apartments have continued to rise. The primary locations of Abu Dhabi, which include Al Raha Beach, Saadiyat Island and other high profile communities along the Corniche, already have a steady supply of new units and are set to receive a badge of new apartments. Despite this supply, experts at Bayut.com are of the opinion that the primary Abu Dhabi apartments for rent would continue to have high demand in 2013.

On the other hand, the older units in secondary locations have had a couple of slow years where the secondary market became more tenant friendly because of the falling prices and rents of Abu Dhabi apartments. Because of the lack of amenities offered by these units, their rents are not likely to increase unless the landlords refurbish or redevelop them. Putting the falling rents of these older units in perspective with the increasing rents of high end apartments in Abu Dhabi, one can see some clear signs of polarisation.

According to the experts at Bayut.com, this polarisation may seem like a bad thing but it was no different in Dubai a while ago. “Dubai witnessed a similar kind of polarisation some fourteen or eighteen months ago,” revealed Abdul Hakim, Marketing Manager at Bayut.com. “If luck favours Abu Dhabi the same way it did Dubai,” he added, “we can see a more uniformity in price hikes for Abu Dhabi apartments for rent as well as sale.”

About Bayut – Bayut.com is no. 1 Dubai real estate portal that is known for introducing a range of original tools and features. The portal is not only the prime choice of investors, real estate brokers, developers and general buyers and sellers in the UAE but is also the preferred choice of foreign investors. The top-notch services and the hordes of property listings offered by the portal make it a mark above the rest.
For more information please visit: http://www.bayut.com

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Location:Dubai Internet City - Dubai - United Arab Emirates
Industry:Real Estate
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