{"id":23853,"date":"2016-08-24T20:17:18","date_gmt":"2016-08-24T13:17:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=23853"},"modified":"2016-08-24T18:35:21","modified_gmt":"2016-08-24T11:35:21","slug":"low-oil-prices-continue-to-bite-into-abu-dhabi-housing-rents","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-oil-prices-continue-to-bite-into-abu-dhabi-housing-rents\/","title":{"rendered":"Low oil prices continue to bite into Abu Dhabi housing rents"},"content":{"rendered":"


\nHousing 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 the capital now stand at the same levels they were two years ago and about 1 per cent lower than a year ago.Reidin, whose data is used by many of the big property brokers in the UAE such as JLL and CBRE, said that average rents in Dubai fell by a similar rate, down 0.62 per cent in July and down 1 per cent during the three months.Unlike in Abu Dhabi, rents in Dubai have been falling for the past two years and now stand 4 per cent lower than they did a year ago and 5 per cent lower than they were two years ago, Reidin added.Last week, data from property portal Bayut.com found that asking rents for the apartments listed on its website in both Abu Dhabi and Dubai were falling steadily.Bayut.com reported that in the year to the end of July this year, rents for studio apartments in Abu Dhabi fell 5 per cent to Dh56,000 while average rents for one-bedroom apartments sank 6 per cent to Dh91,000.Average rents for two-bedroom apartments in the capital fell 4 per cent over the past year to Dh129,000.In Dubai, Bayut.com said that rents for studio apartments fell 6 per cent year-on-year to Dh57,000 while average rents for one-bedroom apartments in the city fell 7 per cent to Dh92,000.Average rents for two-bedroom apartments in Dubai fell 3 per cent in the year to the end of July to stand at Dh145,000.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Low oil prices continue to bite into Abu Dhabi housing rents<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Housing rents in Abu Dhabi fell 2 per cent in the three months to the...<\/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-23853","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\/p75ss1-6cJ","jetpack-related-posts":[{"id":42021,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cost-of-buying-or-renting-home-in-abu-dhabi-lower-reidin-says\/","url_meta":{"origin":23853,"position":0},"title":"Cost of buying or renting home in Abu Dhabi lower, Reidin says","date":"January 27, 2017","format":false,"excerpt":"\r The cost of buying or renting a home in Abu Dhabi fell in December, according to a report on Thursday from the property data company Reidin.It said the capital's home prices were down 0.97 per cent from a month earlier and 3 per cent from a year earlier. It\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3213,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-house-prices-and-rents-still-slipping-but-worst-appears-to-be-over\/","url_meta":{"origin":23853,"position":1},"title":"Dubai house prices and rents still slipping but worst appears to be over","date":"January 31, 2016","format":false,"excerpt":"\r \r Average house prices in Dubai fell by 0.14 per cent in December as investors search for signs that price falls are finally levelling out.According to the property data company Reidin, house prices fell by an average of 11 per cent over the 12 months of 2015 as lower\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40059,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-housing-market-close-to-the-bottom-but-abu-dhabi-has-further-to-fall-says-expert\/","url_meta":{"origin":23853,"position":2},"title":"Dubai housing market close to the bottom, but Abu Dhabi has further to fall, says expert","date":"January 9, 2017","format":false,"excerpt":"\r The market for residential property in Dubai is now \"close to its cyclical trough\", but in Abu Dhabi prices and rents may have much further to fall, according to a new report by consultancy JLL.The firm's new \"2016 Year in Review\" report for the UAE property markets argues that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25167,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rents-falling-but-still-one-of-worlds-most-expensive-places-to-live\/","url_meta":{"origin":23853,"position":3},"title":"Abu Dhabi rents falling but still one of world's most expensive places to live","date":"September 6, 2016","format":false,"excerpt":"\r Average monthly rents for residential property in Abu Dhabi may be falling but they are still the third most expensive in the world, a new report has shown.According to CBRE's Global Living Report, average monthly rents in Abu Dhabi now stand at US$2,558 (Dh112,740 a year) exceeded only by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20672,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/has-the-dubai-property-market-turned-house-prices-in-the-emirate-edge-up\/","url_meta":{"origin":23853,"position":4},"title":"Has the Dubai property market turned? House prices in the emirate edge up","date":"July 24, 2016","format":false,"excerpt":"\r After two years of house price declines in Dubai, the UAE's largest property data company recorded a slight uptick in prices last month.According to new figures from property data company Reidin, house prices in Dubai increased by 1 per cent during the three months to the end of June,\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":23853,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23853"}],"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=23853"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23853\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}