Abu Dhabi Real Estate Centre launches First Residential Rental Index

Photo : Abu Dhabi Media Office

The Abu Dhabi Real Estate Centre (ADREC), the regulatory body overseeing the emirate’s real estate sector, has unveiled its inaugural Rental Index. This new initiative aims to enhance market transparency and provide valuable insights for both tenants and landlords in Abu Dhabi.

The Rental Index is designed to foster a clearer understanding of rental values across various property types, including residential, commercial, and industrial sectors. By offering indicative quarterly rental pricing for properties throughout Abu Dhabi, the platform supports market stability and aids in making informed decisions.

Rashed Al Omaira, Acting Director General of ADREC, emphasized the significance of the Rental Index in energizing Abu Dhabi’s rental market. “This initiative will bolster the emirate’s competitive position, making it more attractive to international investors,” he stated. “We are dedicated to advancing a robust real estate sector and establishing Abu Dhabi as a premier destination for investment and real estate on both regional and global scales.”

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Al Omaira also highlighted ADREC’s commitment to transparency and trust. “Our goal is to ensure clarity and integrity in our practices,” he said. “We will continue to collaborate with all stakeholders to maintain and build trust within the system.”

The introduction of the Abu Dhabi Rental Index reflects ADREC’s ongoing efforts to improve customer satisfaction in the real estate market, delivering valuable insights and benefits to investors, property owners, and tenants alike.