Abu Dhabi two-bed rents average $37,800
Abu Dhabi, August 4, 2014
The average rent for a two-bedroom apartment in Abu Dhabi is around Dh139,000 ($37,842), according to a study by propertyfinders.ae.
It said Abu Dhabi renters can expect to pay, on an average, Dh65,000 for a studio and Dh92,000 for a one bedroom pad.
The average sale price for a studio in the emirate stood at Dhs689,000 in Q2, a one bedroom apartment was Dh1.3 million and a two-bedroom apartment Dh2 million, it said.
“We’ve released this data based on for-sale homes and rentals listed on our site. Topping the list of places for buying property in Abu Dhabi is Al Reem Island, followed by Al Reef and Al Raha Beach. Al Ghadeer enters the top 10 this quarter; its appeal seems to be rising as it did not make the list in Q2 2013 and 2012,” said Michael Lahyani, CEO and founder of propertyfinder.ae.
The aerage price of an apartment in Al Reem Island was Dh1.9 million with per sq ft price standing at Dh1,483.
According to the report, Al Reem Island was not only the most searched community on the site for buying but also for renting property in Q2.