The Abu Dhabi Real Estate Centre (ADNEC), the custodian and regulator of Abu Dhabi’s real estate industry, has announced the launch of the first residential Rental Index for Abu Dhabi. Serving both tenants and landlords, the platform is designed to increase transparency, provide accurate rental values and support the stability of the capital’s growing rental market.
The platform offers easily accessible and reliable data on residential properties, which will help both local residents and those living abroad to better understand the rental market. It also includes ‘indicative’ quarterly rental pricing for properties located in areas throughout Abu Dhabi.
The Rental Index was created and researched in order to energise the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract premium international investors.
“We are committed to building a thriving real estate sector, positioning the emirate as a leading investment and real estate destination regionally and globally. Our mission is to ensure transparency in our practices, and we will continue to work alongside all stakeholders to build and maintain trust in the system,” said Rashed Al Omaira, Acting Director General at Abu Dhabi Real Estate Centre.
The platform aligns with ADNEC’s ongoing strategy to enhance customer satisfaction in Abu Dhabi’s real estate sector, and deliver high-value investors, property owners and tenants alike.
According to ADNEC, it is the first of several specialised indices, which together aim to fortify the broader strategy of positioning Abu Dhabi as a leading lifestyle and investment destination.