Abu Dhabi, United Arab Emirates Demand for luxury rental apartments soared, pushing prices up Property Trends Good to Know Popular Locations Sirva Tips Increased demand for luxury rental properties drove In a landlord’s market, they are highly likely to Budget friendly locations: Make sure the assignee’s residence visa or Emirates ID is in place before 昀椀nalizing any purchase, rental, or rental prices up by 14%. take the 昀椀rst and/or best offer with quick Khalifa City lease contract or agreement. Rental rates in the mid-tier segments have transactions. They may be open to negotiations for single cheque payments. Al Khalidiyahm Ensure the assignee has suf昀椀cient funds to pay for the remained tenant-friendly with some areas seeing property and can put down a security deposit (5-10% a decrease in rent by 3%. Upfront payment to secure an unfurnished Mohammed Bin Zayed City of total rent) once the right property is chosen. The city’s economic development, population property is at 5% of the annual rent and 10% Al Reef for furnished properties. Engage an authorized housing agent who can review growth, and the changing preferences of expatriate Luxurious high-end locations: all property documents to ensure a Tawtheeq residents have contributed to a signi昀椀cant increase certi昀椀cate is issued – a vital piece of paperwork for in demand for both upscale and budget-friendly Al Reem Island assignees sponsoring their family residence visa. residential properties. Standard lease term is at a minimum of 1 year. Al Raha Beach Landlords will take the 昀椀rst and/or best offer for a Khalifa City is the most searched for area to rent Yas Island quick rental. Discounts may be provided or negotiated for single cheque payments. affordable apartments in Abu Dhabi. Al Raha Gardens Assignees are highly advised to start searching for an The average rent for a 4-bedroom villa in Khalifa apartment as soon as they have secured their visa City experienced a moderate increase of 3.2% in and Emirates ID. rentals in 2023.