Abu Dhabi Witnesses 20% Fall in Apartment Rental fees
The semi official daily Alittihad in Abu Dhabi circulated an analysis on property at Abu Dhabi in 2011.
Each of
us are really aware about the worldwide economic downturn that took place in The year...
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Abu Dhabi Witnesses 20% Fall in Apartment Rental fees
The semi official daily Alittihad in Abu Dhabi circulated an analysis on property at Abu Dhabi in 2011.
Each of
us are really aware about the worldwide economic downturn that took place in The year 2008.
And as stated by
the analysis, property brokers have expressed that due to this recession there has actually been 20% decline in
apartment rentals in Abu Dhabi.
Owners are as well stopping to ask for 5% annual rental rise, paying power and
also water costs for all the tenants.
According to experts, to find apartment in Abu Dhabi is far more convenient
because of this decline which will proceed in 2012 as well.
The respective authorities are leaving no stone
unturned to draw hundreds and thousands of bachelors to residential areas from outskirts of city.
For those that personally own properties of more than Dh1 million, it s expressed by the authorities that these
people can secure three year visa.
At an earlier time people us
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