Abu Dhabi’s apartment rents and villa rents fell by 2% and 4% Q-o-Q, respectively, in 2Q18, according to a new report. Apartment rents fell 10% Y-o-Y, while villa rents were down 9%. Rates for units ranging from studios to three-bed apartments declined by 1-5% Q-o-Q and 5-18% Y-o-Y. The market also saw some of the highest Y-o-Y drops in villa rentals, with rates declining by up to 14% in Golf gardens and 13% in Al Raha Gardens. Sales prices in the apartment market were reportedly stable Q-o-Q, but recorded an average annual decline of 8%. Around 1,000 residential units were completed in 2Q18, with the majority of new supply located on Reem Island. Up to 5,800 units are scheduled for handover this year across locations such as Reem, Saadiyat Island, Yas Island, Al Raha Beach and Rawdhat and mainland Abu Dhabi.