The Abu Dhabi Real Estate Centre (ADREC) has launched its first-ever Residential Rental Index, a major development aimed at enhancing clarity and support for tenants and landlords in the emirate. This innovative platform will play a pivotal role in improving transparency, offering indicative rental values, and contributing to the stability of Abu Dhabi’s evolving rental market.
The Rental Index serves as a comprehensive resource for both investors and residents. By providing easily accessible and reliable data on residential properties, the index helps users better understand the rental landscape across various neighborhoods in Abu Dhabi. This, in turn, aids in making well-informed decisions regarding rental investments and residential choices.
Rashed Al Omaira, Acting Director-General of ADREC, highlighted the significance of the new index: “The Rental Index will energise the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract international investors. We are committed to building a thriving real estate sector, positioning the emirate as a leading investment and real estate destination regionally and globally.”
Al Omaira emphasized that the index aims to boost the appeal of Abu Dhabi’s real estate sector by fostering a more sustainable and resilient market environment.
The platform features quarterly updates on indicative rental pricing, offering a snapshot of rental values for properties throughout the emirate. This initiative aims to enhance the attractiveness of the real estate market and support ADREC’s broader strategy to improve customer satisfaction while providing valuable insights for investors, property owners, and tenants.
Looking ahead, ADREC plans to introduce additional metrics, including a commercial index and a service charge index, to further enhance the robustness and reliability of the city’s real estate sector. These upcoming features will build on the foundation laid by the Residential Rental Index, ensuring a comprehensive approach to market evaluation and support.
Overall, the launch of Abu Dhabi’s Residential Rental Index marks a significant step forward in advancing the emirate’s real estate sector, reflecting its commitment to innovation, transparency, and market resilience.
