Abu Dhabi’s rental market witnesses downward correction: Chestertons | ZAWYA MENA Edition:
The real estate market within the emirate of Abu Dhabi is likely to grow in the medium- to long-term, backed by the freehold law along with the introduction of a 10-year residency visa, according to Chestertons’ recent Abu Dhabi Market Report for the second quarter of 2019.
Price and rental costs in Abu Dhabi have witnessed downward corrections in Q2-19, with sale prices for apartments and villas falling 5% and 3%, respectively, the UK-based real estate agent said.
Meanwhile, average rental rates of apartments and villas contracted to 6% and 3%, respectively, the report added.
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