{"id":59208,"date":"2017-06-29T02:15:21","date_gmt":"2017-06-28T19:15:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=59208"},"modified":"2017-06-29T00:21:14","modified_gmt":"2017-06-28T17:21:14","slug":"abu-dhabi-rental-market-is-picking-up-activity","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-rental-market-is-picking-up-activity\/","title":{"rendered":"Abu Dhabi rental market is picking up activity"},"content":{"rendered":"


\nProperty brokers in Abu Dhabi are reporting a pickup in deal activity as renters search for better housing deals.”Volumes on new leases for us have been higher this year than at any other time,” said Ben Crompton, managing partner of Crompton Partners estate agents in Abu Dhabi. “People are moving either because their budget can now afford bigger and better places due to rent drops or people are downsizing to conserve funds.
\n“Sales volumes again have been quite strong on new launches but less so on older projects,” he added. “Off plan has been incredibly resilient and new towers coming to market are seeing legacy buyers looking to offload stock at rock-bottom prices.”Mr Crompton estimates that the increase in turnover has been making up for the lower commissions the company is receiving because of citywide rental falls, making the business “about income neutral”.
\nHe predicts that lease prices in Abu Dhabi will only start to increase “once the current inventory has been taken up, which is in turn based on whether or not the government starts hiring again. Most people expect this to start in the first quarter of 2018”.Almer Agmyren, managing director of Rex Real Estate, forecasts that the housing market in Abu Dhabi will remain quiet for the remainder of 2017.
\n“There has been a decline in rents witnessed all over Abu Dhabi, some areas more than others. Premium locations of course are doing better,” he says. “We are coping with lower volumes by focusing more on pinpointing units and niche marketing for units we know are great deals, both sales and leasing.”lbarnard@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Abu Dhabi rental market is picking up activity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property brokers in Abu Dhabi are reporting a pickup in deal activity as renters search...<\/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-59208","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-foY","jetpack-related-posts":[{"id":18762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-at-abu-dhabis-reem-island-may-drop-once-dust-settles-after-summer\/","url_meta":{"origin":59208,"position":0},"title":"Rents at Abu Dhabi's Reem Island may drop once 'dust settles' after summer","date":"July 5, 2016","format":false,"excerpt":"\r Housing rents for existing tenants on Abu Dhabi's Reem Island could fall by as much as 10 per cent by the end of the year, estate agents say.The effect of job cuts across the oil and gas and construction industries and the fall in global oil prices could finally\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-to-expect-from-the-abu-dhabi-property-market-in-2016\/","url_meta":{"origin":59208,"position":1},"title":"What to expect from the Abu Dhabi property market in 2016","date":"January 8, 2016","format":false,"excerpt":"\r \r The Abu Dhabi real estate sector was something of Dr Jekyll and Mr Hyde last year. Sales prices have been flat since the last quarter of 2014, but leasing failed to read the script and was up by as much as 7 per cent in some areas last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developers-to-stick-with-off-plan-sales-strategy-at-upcoming-cityscape\/","url_meta":{"origin":59208,"position":2},"title":"Abu Dhabi developers to stick with off-plan sales strategy at upcoming Cityscape","date":"April 10, 2017","format":false,"excerpt":"\r Developers in Abu Dhabi are still pressing ahead with plans to sell hundreds of off-plan homes at Cityscape next week despite price and rent falls in the mainstream housing market caused by redundancies and cuts to housing allowances.Aldar, Abu Dhabi's largest listed property developer, said that there has been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/want-that-rent-reduction-youll-need-to-do-your-homework-first\/","url_meta":{"origin":59208,"position":3},"title":"Want that rent reduction? You'll need to do your homework first","date":"April 6, 2017","format":false,"excerpt":"\r As the rental housing market continues to dip tenants are in a strong position to call the shots but they have to know what the current rates are for their home area.The hot gossip over the garden wall in the capital these days seems to be how much rent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-your-rents-too-high-and-what-to-do-about-it\/","url_meta":{"origin":59208,"position":4},"title":"Why your rent's too high, and what to do about it","date":"April 6, 2017","format":false,"excerpt":"\r As the rental housing market continues to dip tenants are in a strong position to call the shots but they have to know what the current rates are for their home area.The hot gossip over the garden wall in the capital these days seems to be how much rent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29505,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/decline-in-abu-dhabi-rents-and-house-prices-to-continue\/","url_meta":{"origin":59208,"position":5},"title":"Decline in Abu Dhabi rents and house prices to continue","date":"October 11, 2016","format":false,"excerpt":"\r Rents and house prices in Abu Dhabi continue to fall as the low price of oil dampens demand in the capital.According to property broker Cavendish Maxwell, apartment rents in Abu Dhabi's five key investment areas all fell by between 0.8 and 2.5 per cent in the 12 weeks to\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\/59208"}],"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=59208"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59208\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}