Like many residents of the United Arab Emirates, Richard Bath, a structural engineer for Aecom, a US contracting group, works in Abu Dhabi but lives in Dubai, where rents are cheaper and there are more lifestyle options.
After a property crash last year, rental declines have slowed in Dubai, but accommodation costs in Abu Dhabi have dropped more than 25 per cent this year, says CB Richard Ellis, the consultancy. This is tempting Mr Bath to move to the UAE capital, where he is working on the Cleveland Clinic project on Sowwa Island.
“It’s still not as cheap as Dubai, but a lot of property is coming on to the market, which has brought prices down,” he says. “And it would be nice not to have to do the commute.”
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