{"id":27572,"date":"2016-09-28T12:44:43","date_gmt":"2016-09-28T05:44:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rents-spike-dubai-rents-drop\/"},"modified":"2016-09-28T12:59:56","modified_gmt":"2016-09-28T05:59:56","slug":"abu-dhabi-rents-spike-dubai-rents-drop","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rents-spike-dubai-rents-drop\/","title":{"rendered":"Abu Dhabi rents spike, Dubai rents drop"},"content":{"rendered":"


\nMan behind the Burj Khalifa: \u2018you don\u2019t know the future\u2019
\nView of Abu Dhabi skyline at sunset. prochasson frederic\/Shutterstock
\nAs 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.
\nAverage rental prices across Dubai fell 5 percent to AED54,000 (USD14,700) between July and August, while those in Abu Dhabi hopped 3 percent to AED 130,000 (USD35,400), data from property portal Bayut.com\u2019s latest market report showed.
\n\u201cAbu Dhabi is warming up for a development spree in the coming years that is set to boost its status as a key regional and international realty hub further,\u201d the report stated.
\nSuch findings square with Phidar Advisory\u2019s latest data on rental values in the UAE. Apartment rents this year have plummeted 7.6 percent and 9 percent for apartments and houses, respectively, according to the real estate consultant. The emirates also registered an average decline of 7.5 percent and 6.7 percent in prices of apartments and single-family home.
\nHome values may plunge even further next year by as much as 10 percent due to slumping crude oil prices and the attendant slowdown in employment growth, Jesse Downs, managing director at real estate consultant Phidar Advisory, told Bloomberg. \u201cAs job growth remains slow, it\u2019s unlikely demand will recover significantly for most of the properties being built which cater to mid-high and high-end buyers.\u2019\u2019
\nMore: Dubai: 4 things we know so far about its slumping market
\nDevelopers are recognising that the Dubai market is well supplied for the next few years and \u201ccan\u2019t absorb anything sooner,\u2019\u2019 Craig Plumb, head of Middle East research at Jones Lang LaSalle, told Bloomberg. \u201cI think we\u2019ve reached the bottom, but I\u2019m not expecting a rapid increase within the next six months.\u2019\u2019
\nInvestors may yet find bright spots around the emirates\u2019 property market, however. According to Bayut.com, rental yields for studio apartments hover at 7.6 percent in Dubai and 7.9 percent in Abu Dhabi. Average rental yields in Abu Dhabi stands at 6.6 percent across all apartment catehories, compared with 5.6 percent for Dubai.
\nBut even Mohamed Alabbar, chairman of Emaar Properties, the company behind the Burj Khalifa, is taking a cautious stance. \u201cYou really don\u2019t know the future anymore,\u201d he told Bloomberg. \u201cYou have to do business on your toes and be cautious because the environment is changing all the time.\u2019\u2019
\nRead next: Dubai real estate market bottoms out
\n
\nSource : property-report.com
\nRead more…Abu Dhabi rents spike, Dubai rents drop<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Man behind the Burj Khalifa: \u2018you don\u2019t know the future\u2019 View of Abu Dhabi skyline...<\/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-27572","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\/p75ss1-7aI","jetpack-related-posts":[{"id":166424,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-real-estate-sees-strong-q3-performance-as-dubai-and-abu-dhabi-record-gains-across-sales-rents-and-new-supply\/","url_meta":{"origin":27572,"position":0},"title":"UAE real estate sees strong Q3 performance as Dubai and Abu Dhabi record gains across sales, rents and new supply","date":"December 3, 2025","format":false,"excerpt":"\r Dubai and Abu Dhabi real estate markets surged in Q3 2025, with strong UAE rental and price growth and major project launches The post UAE real estate sees strong Q3 performance as Dubai and Abu Dhabi record gains across sales, rents and new supply appeared first on Arabian Business:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/UAE-real-estate-Abu-Dhabi-and-Dubai-Q3-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":165655,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-retail-rents-surge-in-abu-dhabi-and-dubai-as-demand-outpaces-supply\/","url_meta":{"origin":27572,"position":1},"title":"UAE retail rents surge in Abu Dhabi and Dubai as demand outpaces supply","date":"November 24, 2025","format":false,"excerpt":"\r JLL\u2019s Q3 2025 report shows rising rents and strong demand in UAE office and retail markets as landlords gain pricing power The post UAE retail rents surge in Abu Dhabi and Dubai as demand outpaces supply appeared first on Arabian Business: Latest News on the Middle East, Real Estate,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Business-Bay-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":39151,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-business-as-usual-for-abu-dhabi-under-rent-cap\/","url_meta":{"origin":27572,"position":2},"title":"It\u2019s business as usual for Abu Dhabi under rent cap","date":"December 28, 2016","format":false,"excerpt":"\r First cap on rentals since 2013 Etihad Towers in Abu Dhabi. Patryk Kosmider\/Shutterstock The Abu Dhabi property scene is still reckoning with the government\u2019s decision to impose a rental cap for the first time in three years, The National reported. Some thought the move redundant, seeing as rental rates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/villa-rents-converge-across-dubai-and-abu-dhabi-report\/","url_meta":{"origin":27572,"position":3},"title":"Villa rents converge across Dubai and Abu Dhabi – report","date":"March 19, 2017","format":false,"excerpt":"\r Rental yields between properties in the UAE's two major population centres are showing signs of converging, according to a new study.A Reidin\/Global Capital Partners (GCP) study argues that yields for villa properties have been converging over the past four and-a-half years as prices have followed similar patterns in both\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/villa-rental-yields-converge-across-dubai-and-abu-dhabi-report\/","url_meta":{"origin":27572,"position":4},"title":"Villa rental yields converge across Dubai and Abu Dhabi – report","date":"March 19, 2017","format":false,"excerpt":"\r Rental yields between properties in the UAE's two major population centres are showing signs of converging, according to a new study.A Reidin\/Global Capital Partners (GCP) report argues that yields for villa properties have been moving closer together over the past four and-a-half years as prices have followed similar patterns\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10510,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-drops-for-abu-dhabi-high-end-rentals-as-budgets-fall\/","url_meta":{"origin":27572,"position":5},"title":"Demand drops for Abu Dhabi high-end rentals as budgets fall","date":"April 11, 2016","format":false,"excerpt":"\r \r Abu Dhabi's rental market is showing signs of fragmentation as softer demand for higher-priced areas contrasts with a shortage of more affordable homes.According to Cluttons, cuts to housing allowances offered by companies in the emirate means there is a much smaller pool of potential tenants for high-end properties,\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\/27572"}],"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=27572"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27572\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}