The price of living and working in Abu Dhabi is gradually becoming more competitive with neighbouring emirates and countries as new office space becomes available and the city’s housing costs continue to slide.
Average residential rents have fallen 40 per cent in Abu Dhabi since the market’s peak in 2008, say analysts with Jones Lang LaSalle, the consultancy.
The estimated 16,000 new homes scheduled to come on to the market this year – double the number of 2010 – will drive rents down further, although not enough to meet local demand for middle-income housing.
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