Relocating to Abu Dhabi

1. Relocating to Abu Dhabi? Know the Apartment Rental Trends Are you relocating to Abu Dhabi? If so, you need to look for a rental apartment for the obvious reason. People from all over the world prefer staying in Abu Dhabi. And there are valid reasons for it. Ample opportunities for career growth and lucrative business opportunities have dragged people more and more to the emirate. Abu Dhabi is the capital of the UAE. And Abu Dhabi is the wealthiest of all the emirates of the country. During the last few years, there has been an impressive spurt in the economy of Abu Dhabi. Significant foreign investment inflows have made the emirate significantly rich. In addition, the leaders of the emirate have put into action visionary policies to end the sole dependence on the oil and gas sector. Due to their visionary efforts, the economy of the emirate has turned into a multi sector economic powerhouse. Today, businesses of almost all sectors run in the emirate—information technology, financial services, real estate, tourism, etc. With these sectors flourishing, there has been a tremendous inflow of foreigners into the emirate. Therefore, the demand for real estate properties has escalated to never-before levels. But there has been no shortage of real estate properties despite the stronger demand. And that is due to the presence of a matured real estate market in the emirate.

2. The market can supply properties in proportion to the demand. In Abu Dhabi, you will find all types of apartments, from 1 to 5 bed units, for rent. You can choose an apartment for your family depending on the space requirements. Moreover, the availability of the apartments spans across furnished, unfurnished and service apartments. In addition, there are more facilities in the apartments, such as maid room and kid play area. Again, there are shared facilities such as shopping malls in the ground floor of many apartment buildings. There are also many high rise buildings in Abu Dhabi. Such buildings are a mix of residential and commercial properties. While the top floors are residential, the ground floors are commercial. There are also areas to rent high-end properties in Abu Dhabi, such as Al Reem Island, Al Raha Beach, and Saadiyat Island. Other areas include Yas Island, the waterfront communities of Al Bateen, Al Nahyan, Mussafah, and Al Muroor. In addition to rental flats, there are many apartments for sale in Abu Dhabi. Rental Trends for Apartments in Abu Dhabi In Abu Dhabi, rents for apartments are within the affordable range. At the same time, there is ample availability. According to current trends, rents for studio apartments start from AED 15k. And, rents are low in areas like Madinat Zayed and Al Manaseer. In areas like Al Mushrif and Mussafah, rents for affordable 1-bedroom rental apartments start at AED 25K. And, you can rent luxurious units in Corniche Road and Mamsha Al Saadiyat starting from AED 195K. If you want a spacious flat for rent in Abu Dhabi, you can consider renting a 2- bedroom apartment in Al Falah Street. The average rent starts from AED 61K.

3. The current rent for 3-bedroom apartments starts from AED 48k in areas like Al Shamkha and Hamdan Street. And, rents for 3-bed apartments can be around AED 400K in Saadiyat Island and Al Bateen. Again, rents for 4-bedroom units start at AED 50k in areas like Airport Street and Al Shamkha. And, in Saadiyat Cultural District, the rent can go up to AED 400k. In Al Raha Beach and Al Reem Island, you can get 5-bedroom apartments for rent within AED 160K to AED 440K. Conclusion Given the availability of rental apartments and the affordable rents, you can quickly find an apartment for rent in the emirate. You can visit a trusted property portal, like Toplatest, to spot your dream apartment in Abu Dhabi. In addition to the rent, there are other things to consider, such as the locality. You should carefully consider the locality of the apartment you wish to rent as it can impact your family in many ways.