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Thursday, May 22, 2008

Dubai & Abu Dhabi Rents in 2008

There is a shortage of quality housing in the Capital Emirate with an influx of expats. Historically, Abu Dhabi rents have been relatively high, but are now escalating at a furious level. And while cityscape highlighted numerous plans for the housing, there seems to be only one way up, for Abu Dhabi rents. Think of the Dubai rate 3 years ago, and double it. With no minimal supply and increasing demand, is this going to cause rental rates at a crazy level in Abu Dhabi by the end of the year.

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