The Real Estate Centre (ADREC) has announced the launch of the first residential Rental Index for Abu Dhabi. This platform is designed to serve both tenants and landlords, aiming to increase transparency, provide indicative rental values, and support the stability of the capital's growing rental market. It offers easily accessible and reliable data on residential properties, helping investors and residents understand the rental market and make informed decisions based on trusted information. The platform also provides quarterly rental pricing for properties located across various areas of the emirate.
Rashed Al Omaira, Acting Director-General of ADREC, stated, "The Rental Index will energize the rental market in Abu Dhabi and further contribute to the emirate's competitive edge in attracting international investors. We are committed to building a thriving real estate sector, positioning Abu Dhabi as a leading investment and real estate destination, both regionally and globally." He added that the initiative will enhance the appeal of the real estate sector and foster a more sustainable and resilient market.
This move aligns with ADREC’s ongoing strategy to enhance customer satisfaction in Abu Dhabi’s real estate sector while delivering value to investors, property owners, and tenants. Upcoming metrics, including the commercial index and service charge index, will further bolster the resilience and reliability of the city's real estate market.
In light of these developments, Sora Properties is poised to benefit from these changes, offering a stronger, more transparent market to both investors and residents alike.
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