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In Abu Dhabi, Saadiyat Island occupies the leading position in regards to rental yield and capital gains for Q3 2023. During this period, prices for villas in the area rose by 10.3%, and for apartments — by 4.7%, which led to the highest annual capital gains. For comparison, the annual capital increases in apartments on Al Reem Island, Al Muneera Island and Al Bandar reached 3.8%, 4.5%, and 4.4% respectively, whilst villas in Al Reef, Al Raha and MBZ City — 2.3%, 5%, and 4.7% respectively.
Rental prices in apartment communities on Saadiyat Island increased by 3.5%. The cultural hub of Abu Dhabi was followed by the districts of Al Reef (3.2%) and Al Reem (2.6%).
On a quarterly basis, the rental cost of villas also increased the most on Saadiyat Island, at 3.2%. The increase in the rental value of villas in Al Reef was 3.1%, and in MBZ City — 2.1%.
Average annual rental costs for apartments reached:
- AED 51.3K (USD 14K) for studios
- AED 74K (USD 20K) for 1-bedroom apartments
- AED 112.3K (USD 30.5K) for 2-bedroom apartments
- AED 163K (USD 44.3K) for 3-bedroom apartments
Average annual rental costs for villas constituted:
- AED 153.4K (USD 41.7K) for 3-bedrooms villas
- AED 225.5K (USD 61.4K) for 4-bedroom villas
- AED 302.8K (USD 82.4K) for 5-bedroom villas
The real estate market of the UAE capital continues to show high indicators. The rental price in Abu Dhabi increased by 7% year-on-year and by 1.2% quarterly, with gross yields for apartments constituting 7.2% and for villas — 6%. All this contributes to the constant influx of new investments into the emirate’s property market.
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