{"id":17348,"date":"2016-06-22T20:25:05","date_gmt":"2016-06-22T13:25:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=17348"},"modified":"2016-06-22T18:35:48","modified_gmt":"2016-06-22T11:35:48","slug":"dubai-and-abu-dhabi-rents-still-rising-despite-fall-in-demand-report-says","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-and-abu-dhabi-rents-still-rising-despite-fall-in-demand-report-says\/","title":{"rendered":"Dubai and Abu Dhabi rents still rising despite fall in demand, report says"},"content":{"rendered":"


\nAsking rents in Abu Dhabi and Dubai are rising despite a fall in demand caused by falls in the global oil price a new report claims.According to the online property listings portal bayut.com, which analyses property listings, asking rents in Dubai rose 1.57 per cent in May compared with the previous month and by 0.73 per cent in Abu Dhabi.In Dubai it found that average rents for studio apartments went up 2 per cent to Dh57,000 in May while rents for one-bedroom apartments increased 1 per cent to Dh95,000. Average rents for two-bedroom flats remained stable at Dh149,000 and for three-bedroom apartments they rose 1 per cent to Dh206,000.In Abu Dhabi bayut.com found that average asking rents for studio apartments stood at Dh63,000 a year while rents for one-bedroom flats fell 2 per cent to Dh97,000. Two-bedroom apartments continued to fetch an average rent of Dh139,000 and rents for three and four bedroom apartments stood at Dh184,000 and Dh254,000 respectively.The findings contradict a number of other recent reports which said that rents in the two cities are currently falling as a result of job losses in the oil and gas and construction industries and an increase in the amount of new stock coming on to the market in Dubai.Earlier this month Dubai-based consultancy Phidar said that rent declines in Dubai were getting steeper with average rents slipping 1.3 per cent in May, compared with a compound average drop of just 0.3 per cent since May 2014.Last month Asteco reported that apartment rents in Abu Dhabi fell 2 per cent quarter on quarter with the most pronounced declines seen on Reem Island.Both Phidar and Asteco base their findings on actual rents paid rather than asking rents.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Dubai and Abu Dhabi rents still rising despite fall in demand, report says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Asking rents in Abu Dhabi and Dubai are rising despite a fall in demand caused...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-17348","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4vO","jetpack-related-posts":[{"id":23853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-oil-prices-continue-to-bite-into-abu-dhabi-housing-rents\/","url_meta":{"origin":17348,"position":0},"title":"Low oil prices continue to bite into Abu Dhabi housing rents","date":"August 24, 2016","format":false,"excerpt":"\r Housing rents in Abu Dhabi fell 2 per cent in the three months to the end of July as the global fall in oil prices continued to bite.According to new figures from the property data company Reidin, average rents fell 0.61 per cent in the month of July.Rents in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-residential-rents-feel-the-pinch\/","url_meta":{"origin":17348,"position":1},"title":"Abu Dhabi residential rents feel the pinch","date":"November 16, 2016","format":false,"excerpt":"\r Office rents in Abu Dhabi have fallen to their lowest point in more than eight years as low global oil prices continue to slow the capital's economy. According to property broker Asteco, average office rents in prime office buildings in the capital slumped by 4 per cent in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-dip-in-third-quarter\/","url_meta":{"origin":17348,"position":2},"title":"Abu Dhabi office rents dip in third quarter","date":"November 16, 2016","format":false,"excerpt":"\r Office rents in Abu Dhabi have fallen to their lowest point in more than eight years as low global oil prices continue to slow the capital's economy. According to property broker Asteco, average office rents in prime office buildings in the capital slumped by 4 per cent in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-dip-in-third-quarter-lowest-in-eight-years\/","url_meta":{"origin":17348,"position":3},"title":"Abu Dhabi office rents dip in third quarter, lowest in eight years","date":"November 16, 2016","format":false,"excerpt":"\r Office rents in Abu Dhabi have fallen to their lowest point in more than eight years as low global oil prices continue to slow the capital's economy. According to property broker Asteco, average office rents in prime office buildings in the capital slumped by 4 per cent in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-broker-asteco-expects-abu-dhabi-rents-to-fall\/","url_meta":{"origin":17348,"position":4},"title":"Property broker Asteco expects Abu Dhabi rents to fall","date":"February 15, 2017","format":false,"excerpt":"\r Asteco has become the latest property broker to forecast rent declines in Abu Dhabi this year as 4,000 new homes are expected to come on to the market. According to the property broker's data, average rents for apartments in Abu Dhabi fell by 7 per cent in 2016 and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rents-spike-dubai-rents-drop\/","url_meta":{"origin":17348,"position":5},"title":"Abu Dhabi rents spike, Dubai rents drop","date":"September 28, 2016","format":false,"excerpt":"\r Man behind the Burj Khalifa: \u2018you don\u2019t know the future\u2019 View of Abu Dhabi skyline at sunset. prochasson frederic\/Shutterstock As the weakening crude oil market continues to wreak havoc on the UAE economy, rental values in its two largest emirates are veering in different directions. Average rental prices across\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17348"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=17348"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/17348\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=17348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=17348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=17348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}