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English news

06-Dec-2016

High end villas lead fall in rentals in Abu Dhabi as per Cluttons

Property broker Cluttons estimates that rents have fallen 9.4% across Abu Dhabi’s residential investment areas since the start of the year. The decline outpaced a fall of about 5.2% in the value of homes over the same period. Cluttons expects further declines next year, with the top of the market being the hardest hit. The broker estimates that by the end of this year, villa values will have fallen by 10% and apartment values will have fallen by 4%. Cluttons forecasts that villa prices next year will fall again by another 7% and apartment prices will fall by another 2 to 3%. (The National)

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