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Abu Dhabi rental prices drop
- United Arab Emirates: Wednesday, December 23 - 2009 at 11:11
Rents of residential units in Abu Dhabi city have fallen between 15% and 20% following the entry of a large number of properties in the market, Emirates Business has reported. Commercial units in the city have also dropped 35%, while the rate of decline outside the capital has reached 45%. The decline has been triggered by the handing of more than new 3,500 residential, office and hotel apartment units in Abu Dhabi over the past few months.
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StaffWednesday, December 23 - 2009 at 11:11 UAE local time (GMT+4)
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