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ADREC: Abu Dhabi launches rental index

The rental index, accessible via the ADREC website, offers reliable and up-to-date data on residential, commercial, and industrial properties

by Marisha Singh

August 20, 2024

Image credit: Getty Images

The Abu Dhabi Real Estate Centre (ADREC), the regulatory authority for Abu Dhabi’s real estate sector, has officially launched the emirate’s first residential rental index.

This new platform aims to enhance market transparency, providing both tenants and landlords with indicative rental values, and supporting the stability of Abu Dhabi’s growing property market.

The rental index, accessible via the ADREC website, offers reliable and up-to-date data on residential, commercial, and industrial properties. It provides quarterly pricing information for various areas across the emirate, allowing users to make informed decisions based on accurate rental data.

Rashed Al Omaira, acting director-general of ADREC, stated, “The rental index will revitalise Abu Dhabi’s rental market and strengthen the emirate’s competitive position to attract international investors. We are committed to creating a thriving real estate sector and positioning the emirate as a leading global investment and property destination.”

Al Omaira emphasised that ADREC’s focus remains on ensuring transparency, building trust, and delivering value to all stakeholders, including investors, property owners, and tenants.

The new rental index is part of ADREC’s continued efforts to improve customer satisfaction and foster confidence in Abu Dhabi’s real estate sector.

The launch of the platform coincides with rising rental rates in the emirate.

According to a recent report from Asteco, apartment rents in the capital increased by 2 per cent in the second quarter of the year, while villa rents saw a 5 per cent rise. Sales prices also followed an upward trend, with apartment prices rising 5 per cent year-on-year and villa prices increasing by 3 per cent.

ADREC’s new rental index is expected to play a key role in energising the rental market, further boosting the emirate’s attractiveness to both local and international investors.

Read: UAE real estate market thrives in Q2 2024: Key highlights