Dubai Eye 103.8

On Air Now
Afternoons with Helen Farmer
1:00pm - 4:00pm

Listen To Dubai Eye

Abu Dhabi launches official rental index

Tuesday, 20 August 2024 14:38

By ARN News Staff

Shutterstock [For illustration]

The Abu Dhabi Real Estate Centre (ADREC) has unveiled the UAE capital's first residential rental index.

This new platform is set to boost transparency and stability in Abu Dhabi's rental market by providing tenants and landlords with reliable and accessible data on rental values.

The index offers quarterly updates on rental prices across various neighborhoods, helping both investors and residents make informed decisions.

ADREC's Acting Director-General, Rashed Al Omaira, highlighted that this initiative will invigorate the rental market and enhance Abu Dhabi's appeal to international investors.

He added that the index is part of a broader strategy to improve customer satisfaction and foster a sustainable and resilient real estate market.

Future plans include the introduction of a commercial index and a service charge index to further strengthen the sector.

.@adrec_ae has launched the first residential Abu Dhabi Rental Index. The platform will provide tenants and landlords with reliable data on residential, properties to increase market transparency and support the emirate’s growing real estate market. pic.twitter.com/C41GP0WF2w
— مكتب أبوظبي الإعلامي (@ADMediaOffice) August 20, 2024

More from Local

Abu Dhabi outlines private accommodation plans for inmates

Abu Dhabi has put processes in place to offer private accommodation for some inmates at correctional and rehabilitation centres.
Emirates to carry out A380 inspections after European emergency directive

Emirates will carry out inspections of 15 A380 aircraft over the next 48 hours after European Union Aviation Safety Agency (EASA) issued an emergency directive following discovery of cracks in wing structural components.
Etihad Rail announces launch date for passenger services

Etihad Rail has announced that introductory operational phase of passenger rail services between Abu Dhabi and Fujairah will begin on June 30, cutting the journey time to just 1 hour and 45 minutes.
Major road maintenance works completed across Dubai

Dubai’s Roads and Transport Authority (RTA) has completed maintenance and rehabilitation works on 17 kilometres of asphalt roads across nine streets and six areas of the emirate.
UAE Gender Balance Council advances work on new national strategy

The UAE Gender Balance Council has held a national dialogue bringing together more than 100 representatives from government entities and private-sector companies to help shape the UAE Gender Balance Strategy for 2027 to 2031.

Coming Up on Dubai Eye

The Debrief
4:00pm - 7:00pm

Join Dane on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.
The Score
7:00pm - 9:00pm

Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!