DNTV, Staff Reporter
The Abu Dhabi Real Estate Centre (ADREC), the regulator of Abu Dhabi’s real estate sector, has launched the first official Rental Index for the emirate.
Serving both tenants and landlords, the platform is designed to increase market transparency, provide indicative rental values, and support the stability of the capital’s growing real estate market.
The platform offers easily accessible and reliable data on residential, commercial and industrial properties. Indicative quarterly rental pricing is also available on the platform for properties located in areas across Abu Dhabi.
Rashed Al Omaira, Acting Director General, ADREC, said: “The Rental Index will energise the rental market in Abu Dhabi and further contribute to the emirate’s competitive edge to attract 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.”
The Abu Dhabi Rental Index is a continuation of ADREC’s ongoing effort to enhance customer satisfaction in the real estate market, and deliver value to all stakeholders including investors, property owners and tenants.
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