{"id":25167,"date":"2016-09-06T15:21:20","date_gmt":"2016-09-06T08:21:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=25167"},"modified":"2016-09-06T13:30:35","modified_gmt":"2016-09-06T06:30:35","slug":"abu-dhabi-rents-falling-but-still-one-of-worlds-most-expensive-places-to-live","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rents-falling-but-still-one-of-worlds-most-expensive-places-to-live\/","title":{"rendered":"Abu Dhabi rents falling but still one of world's most expensive places to live"},"content":{"rendered":"


\nAverage 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 those in Singapore and London.The report, which analyses housing rents and prices across global cities, found that average monthly rents in Abu Dhabi had fallen 3.4 per cent compared with the previous year when they stood at US$2,649 per month, or Dh116,755 a year.Dubai came eighth in the global poll, down two places from the previous year with monthly rents of $2,160, or Dh95,202 a year, down 1 per cent from last year when the firm calculated they stood at $2,317 per month.Singapore was revealed as the most expensive city in which to lease a home with monthly rents of $2,960, or Dh130,463 a year, while average monthly rents in London stood at $2,810 – Dh123,851 a year.CBRE also calculated that landlords in Abu Dhabi enjoyed the ninth highest property yield in the world at 7 per cent.”Wider economic growth continues to be reflected in local property markets and is a useful tool for identifying potential investment zones,” said Jennet Siebrits, head of residential research at CBRE.The report was published on the first day of the Cityscape property exhibition in Dubai.According to the most recent Reidin data, 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.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Abu Dhabi rents falling but still one of world’s most expensive places to live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Average monthly rents for residential property in Abu Dhabi may be falling but they are...<\/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-25167","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\/p75ss1-6xV","jetpack-related-posts":[{"id":37976,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-reinstates-5-rent-cap\/","url_meta":{"origin":25167,"position":0},"title":"Abu Dhabi reinstates 5% rent cap","date":"December 13, 2016","format":false,"excerpt":"\r Abu Dhabi has reinstated a cap on rent increases of five per cent, three years after abolishing it, the Department of Municipal Affairs and Transport (DMAT) said on Tuesday.The rule is effective from Tuesday, the DMAT said in a statement.Abu Dhabi abolished the rental cap in November 2013, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-and-abu-dhabi-rents-still-rising-despite-fall-in-demand-report-says\/","url_meta":{"origin":25167,"position":1},"title":"Dubai and Abu Dhabi rents still rising despite fall in demand, report says","date":"June 22, 2016","format":false,"excerpt":"\r Asking 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\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":25167,"position":2},"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":25167,"position":3},"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":25167,"position":4},"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":23853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-oil-prices-continue-to-bite-into-abu-dhabi-housing-rents\/","url_meta":{"origin":25167,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25167"}],"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=25167"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/25167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=25167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=25167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=25167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}