#flat for rent in reem island abu dhabi

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flat for rent in reem island abu dhabi

This guide acts as a map that holds the secrets to the search for the best flat for rent in Reem Island Abu Dhabi. We’ll put you through the A & B of this island allure and a step-by-step guide on how to get the best rental house of your dreams.

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Modern Flat for Rent in Reem Island Abu Dhabi – Explore with TrueDar

Searching for a flat for Rent in Reem Island Abu Dhabi? TrueDar offers a selection of modern flats available for rent in one of Abu Dhabi’s most sought-after neighborhoods. With stylish designs, great amenities, and easy access to transportation, you’ll love living in Reem Island. Get in touch now to view available flats!

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Luxury Property for Rent in Abu Dhabi: Your Comprehensive Guide

Finding the right property for rent in Abu Dhabi can feel like searching for a needle in a haystack, especially with the dynamic nature of its real estate market. Whether you're relocating for work or seeking a new home, understanding the ins and outs of renting is crucial.

Understanding the Rental Market in Abu Dhabi

The rental market in Abu Dhabi has seen fluctuations, influenced by economic factors and demand trends. Currently, areas like Al Reem Island and Yas Island are popular due to their modern amenities and proximity to key attractions.

Types of Properties Available for Rent

When it comes to renting, Abu Dhabi offers a variety of options:

Apartments: Ideal for singles or small families, these range from studio flats to multi-bedroom units.

Villas: Perfect for larger families seeking more space and privacy.

Townhouses: A middle ground between apartments and villas, offering community living.

Commercial properties: For those looking to set up businesses.

Factors to Consider When Renting a Property

Before you dive into renting, consider these factors:

Budget considerations: Determine how much you can afford monthly.

Location and accessibility: Proximity to work, schools, and public transport is essential.

Amenities and facilities: Check what’s included—pools, gyms, security services.

The Rental Process in Abu Dhabi

The process typically involves several steps:

Identify your needs.

Search online or through agents.

Schedule viewings.

Submit necessary documentation like ID and proof of income.

Legal Aspects of Renting in Abu Dhabi

Understanding your rights as a tenant is vital:

Familiarize yourself with tenancy laws that protect both parties.

Know your rights regarding deposits, maintenance, and eviction processes.

Tips for Finding the Perfect Property for Rent

Utilize various resources:

Online platforms like Dubizzle or Bayut can be helpful.

Collaborate with real estate agents who know the local market well.

Common Mistakes to Avoid When Renting

Avoid these pitfalls:

Don’t skip property inspections; always check condition before signing.

Read contracts carefully—understanding all terms is crucial.

Negotiating Your Lease Terms

Negotiation can save you money:

Approach discussions with flexibility; some terms may be negotiable.

Be clear about what you want—whether it’s lower rent or additional services.

Understanding Utility Costs and Additional Fees

Always clarify what’s included in your rent:

Some rentals cover utilities; others do not.

Be prepared for additional costs like maintenance fees or service charges.

Furnishing Your Rental Property

Deciding on furnishings can impact your budget:

If you’re on a tight budget, consider second-hand furniture stores.

Weigh the pros and cons of furnished vs unfurnished properties.

Moving In: What to Expect

Once you've secured your rental:

Prepare for logistics—moving trucks, packing supplies.

Set up utilities like electricity, water, internet ahead of time.

Living in Abu Dhabi: Lifestyle Considerations

Abu Dhabi offers a rich cultural experience:

Engage with local communities through events or social gatherings.

Explore recreational activities from beaches to parks.

Renewing Your Lease or Moving Out

As your lease nears its end:

Evaluate if renewing is beneficial based on your current situation.

If moving out, follow proper procedures—notify your landlord well in advance.

Conclusion

Renting a property in Abu Dhabi doesn’t have to be daunting. By understanding the market, knowing what to look for, and avoiding common mistakes, you can find a place that suits your lifestyle perfectly.

FAQs

What is the average rental price in Abu Dhabi? The average price varies by area but generally ranges from AED 50,000 to AED 120,000 annually depending on size and location.

Are utilities included in the rent? It depends on the property; always clarify this before signing any lease agreements.

How long does it take to find a rental property? It can take anywhere from a few days to several weeks depending on availability and personal preferences.

Can I negotiate my rent? Yes! Many landlords are open to negotiation, especially if you have good references or are willing to sign a longer lease.

What documents do I need to rent a property? Typically, you'll need an Emirates ID or passport copy, proof of income (like salary slips), and sometimes references from previous landlords.

By following this guide, you're well on your way to securing an ideal property for rent in Abu Dhabi!

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The Ultimate Guide to Living in Abu Dhabi Apartments

Abu Dhabi is the capital city of the United Arab Emirates and is one of the most rapidly growing cities in the world. The city is a mix of modernity and tradition and offers its residents a unique living experience. One of the best ways to enjoy the city’s lifestyle is by living in Abu Dhabi Apartments. In this article, we will provide you with the ultimate guide to living in Abu Dhabi apartments.

Introduction to Abu Dhabi Apartments

Abu Dhabi apartments are the most popular type of residential property in the city. They come in different sizes, shapes, and locations, and cater to a wide range of budgets. The city’s real estate market offers apartments that vary from studio flats to luxurious penthouses. The apartments in Abu Dhabi offer modern amenities and services, and some of them are equipped with state-of-the-art facilities.

Benefits of Living in Abu Dhabi Apartments

There are many benefits of living in Abu Dhabi apartments, including:

Modern amenities: Most of the apartments in Abu Dhabi are equipped with modern amenities, such as air conditioning, gymnasiums, swimming pools, and children's play areas.

Great locations: Abu Dhabi apartments are located in the city’s most sought-after areas, such as Al Reem Island, Saadiyat Island, and Al Raha Beach.

Security: Many Abu Dhabi apartments offer 24/7 security services, CCTV surveillance, and gated entrances.

Flexibility: Abu Dhabi apartments are available in different sizes and configurations, which makes them suitable for individuals, couples, and families.

Affordability: The cost of living in Abu Dhabi is relatively low compared to other global cities, making it an affordable option for many expatriates.

Tips for Choosing Abu Dhabi Apartments

When looking for Abu Dhabi apartments, there are several factors to consider. Here are some tips to help you choose the best apartment for your needs:

Location: Consider the location of the apartment in terms of proximity to your workplace, schools, hospitals, and other amenities.

Budget: Determine your budget and look for apartments that fit within your financial constraints.

Amenities: Look for apartments that offer the amenities you require, such as a gym, swimming pool, or children's play area.

Size: Choose an apartment that is suitable for your family size and lifestyle.

Security: Ensure that the apartment has adequate security measures in place, such as CCTV surveillance and 24/7 security services.

Maintenance: Check the maintenance record of the apartment and ensure that it is well-maintained and in good condition.

Lease agreement: Read the lease agreement carefully and ensure that it contains all the necessary information, such as the rent, security deposit, and termination clauses.

Top Abu Dhabi Apartment Complexes

There are many apartment complexes in Abu Dhabi, and each one has its unique features and amenities. Here are some of the top Abu Dhabi apartment complexes:

Al Reem Island: Al Reem Island is one of the most popular areas in Abu Dhabi for apartments. It is a man-made island that offers a range of apartments, from studios to luxurious penthouses.

Saadiyat Island: Saadiyat Island is a cultural district that offers a mix of residential and commercial properties. The island is home to several museums, such as the Louvre Abu Dhabi and the Guggenheim Abu Dhabi.

Al Raha Beach: Al Raha Beach is a waterfront development that offers a range of apartments, villas, and townhouses. The development is located close to Abu Dhabi International Airport and Yas Island.

Marina Square: Marina Square is a waterfront development that offers a range of apartments and commercial properties. The development is located on Al Reem Island and offers easy access to Abu Dhabi city center.

Al Ghadeer: Al Ghadeer is a master-planned community located on the border of Abu Dhabi and Dubai. The development offers a range of apartments, villas, and townhouses and features parks, playgrounds, and sports facilities.

Al Maryah Island: Al Maryah Island is a mixed-use development that offers luxury apartments, retail, and office spaces. The island is located in the heart of Abu Dhabi's central business district and is home to the Abu Dhabi Global Market.

Yas Island: Yas Island is a popular tourist destination that offers a range of apartments, villas, and townhouses. The island is home to several attractions, such as Yas Waterworld, Yas Marina Circuit, and Ferrari World Abu Dhabi.

Khalifa City: Khalifa City is a growing residential area that offers a range of apartments, villas, and townhouses. The area is located close to Abu Dhabi International Airport and is home to several international schools.

Renting Abu Dhabi Apartments

Renting an apartment in Abu Dhabi is a straightforward process, but there are several things to consider before signing a lease agreement. Here are some tips for renting an apartment in Abu Dhabi:

Determine your budget: Before looking for an apartment, determine your budget and look for apartments that fit within your financial constraints.

Research the market: Research the market and determine the average rental prices for apartments in your desired location.

Work with a reputable agent: Work with a reputable real estate agent who can help you find an apartment that meets your needs and budget.

Read the lease agreement carefully: Read the lease agreement carefully and ensure that it contains all the necessary information, such as the rent, security deposit, and termination clauses.

Negotiate the rent: Negotiate the rent with the landlord or agent to ensure that you are getting a fair price.

Check the condition of the apartment: Check the condition of the apartment before signing the lease agreement and ensure that it is in good condition.

Pay attention to the details: Pay attention to the details, such as the move-in date, payment schedule, and maintenance responsibilities.

Living in Abu Dhabi Apartments

Living in Abu Dhabi apartments is a unique experience that offers residents a mix of modernity and tradition. Here are some tips for living in Abu Dhabi apartments:

Respect the local culture: Abu Dhabi is a conservative city, and it is essential to respect the local culture and customs.

Make use of the amenities: Take advantage of the amenities offered by the apartment complex, such as the gym, swimming pool, and children's play area.

Get involved in the community: Get involved in the community and meet your neighbors to build a sense of belonging.

Explore the city: Explore the city and discover its many attractions, such as the Sheikh Zayed Grand Mosque, the Emirates Palace, and the Abu Dhabi Corniche.

Stay safe: Abu Dhabi is a safe city, but it is still essential to take precautions, such as locking your doors and windows and avoiding walking alone at night.

Conclusion

Abu Dhabi apartments offer residents a unique living experience that combines modernity and tradition. When looking for an apartment in Abu Dhabi, it is essential to consider factors such as location, budget, amenities, and security. Working with a reputable real estate agent can help you find the best apartment for your needs and budget. Living in Abu Dhabi apartments requires respecting the local culture, making use of the amenities, and getting involved in the community. With its growing real estate market and diverse range of properties, Abu Dhabi is an excellent place to call home.

Choose the Best Real Estate Companies In UAE,  for buying Cheap Apartments In Abu Dhabi or Budget Apartments In Dubai.

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Relocate Now Before Prices Increase.

Amazing homes in prime locations are all over the capital. Property for rent in Abu Dhabi has remained stable, and prices have not risen significantly. Prices in several communities, including the upscale one, are stable, with maximum payment options of up to 12 months. People are taking advantage of the chance to live in a full-service community with monthly payments. As with Al Reem Island, all of its residential buildings have full amenities and some have balconies, making it the most sought-after location for affordable and good condition homes.

Flats in Al Khalidiya and Hamdan are reasonably priced. Apartments in subdivided villas are also available for much lower prices in Al Bateen, Al Karamah, and Al Mushrif. If looking for a villa, affordable compound or stand-alone villas can be found in areas such as Khalifa City A, Khalifa City B, and Mohamed Bin Zayed. The demand for rental properties is unending, which is why investors are grabbing opportunities to buy hot deal property for sale that is move-in ready.

Read more: https://www.azcb.co/relocate-now-before-prices-increase/

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THE BEST PLACES TO RENT AND PURCHASE A HOME IN THE UAE

 There are many areas in the city where you can invest in profitable properties. With the market now favoring buyers, now is the ideal time for those looking for the best areas in Dubai to invest in real estate.

WHAT ARE THE BENEFITS OF INVESTING IN DUBAI?

There is no metropolis like Dubai when it comes to real estate. Impressive buildings, large palm tree-shaped islands, and countless world-class villa communities may all be found here. It is one of the safest cities in the world, with an unrivaled lifestyle. However, many individuals wonder if purchasing real estate in Dubai is a wise option.

The emirate is a paradise for investors, thanks to a wealth of innovative, cosmopolitan projects and beautifully built residential complexes.

While several of the regions highlighted in our article may appear to be on the pricey side in terms of budget, their long-term development possibilities make them the greatest areas in Dubai for property investment.

The rise and demand for houses in Dubai continued into the second half of the year, according to Bayut & dubizzle's Q3 2021 Dubai property sales market report.

ABU DHABI

Al Ghadeer District

Aldar's project Al Ghadeer,is located on the border of Dubai and Abu Dhabi, according to Crompton Partners, a significant real estate business in the Emirate, offers the highest rental income in the UAE, with an estimated revenue of 8%.

Al Reef District

Al Reef, which lies on the outskirts of town, has the second-highest rental income of 7.5 percent.

The rent for a one-bedroom apartment in this location starts at 48,000 AED, while the rent for a three-bedroom apartment starts at 90,000 AED, according to Crompton Partners. Furthermore, while the cost of renting a villa in this location varies, one may anticipate to pay between 80,000 and 165,000 AED.

Al Reem Island

Al Reem Island, also known as Al Rim Island, has the third highest rental revenue in Abu Dhabi, averaging 6.8%. This is reflected in the rent for a one-bedroom flat, which is expected to range from 50,000 to 70,000 AED. A luxurious four-bedroom apartment, on the other hand, is estimated to rent for around 240,000 AED per year.

YAS Island and Al Raha Beach

With rental revenue of 6.2 percent and 6%, respectively, Al Raha Beach and Yas Island round out the top five areas to rent in Abu Dhabi.

Al Raha Beach, an Aldar beachfront development, had a 6% reduction in overall sales prices last year, according to Crompton Partners. Furthermore, apartment prices on Yas Island decreased by 6%, while villa prices grew by 12%.

Landlords may also rent out a one-bedroom property for 65,000 AED or a luxurious four-bedroom condominium for 260,000 AED near Al Raha Beach. A four-bedroom home may also be rented for 190,000 to 310,000 AED per month.

Furthermore, a one-bedroom property on Yas Island costs 70,000 AED per month, while a three-bedroom unit costs roughly 190,000 AED per month. A two-bedroom home in the community will set you back 160,000 AED, while a five-bedroom villa would set you back between 240,000 and 300,000 AED.

DUBAI

Discovery Gardens Residential Complex.

Discovery Gardens has the best gross rental profitability in Dubai for investors. This is backed up by the real estate website Property Finder, which claims that flats in this neighborhood often earn an annual profit of more than 8%.

International City District.

When renting out flats in International City, one may expect to earn more than 8% per year on average. Furthermore, the average rental price for a two-bedroom flat in Dubai is 25,000 AED, while the average selling price is 300,000 AED. According to Property Finder, rent in this region has climbed by 6% in the previous six months.

Dubai Marina Area.

TheApartments are located in Dubai's third most populous district. Particularly considering landlords who rent out houses here earn a 6% yearly profit. A Dubai Marina apartment may also be rented for 60,000 AED or purchased for 830,000 AED. Furthermore, during the previous six months rental home price in Dubai Marina has stayed steady.

Damac Hills Community of Villas and Townhouses

The Townhouses in Dubai for Sale Damac Hills neighborhood promises a return on investment of more than 6% per year, while UNA by Nshama promises a return on investment of more than 5% per year.

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These Are The High Rental Yield Goldmines in UAE

The UAE has higher rental returns than some of the most popular locations for property investment in the world, a new report has revealed today.

Dubai properties give over 7 per cent gross returns on an average compared to that in London (2.9 per cent), Hong Kong (2.35 per cent), Sydney (2.85 per cent), Singapore (3.3 per cent) and Toronto (3.9 per cent) making UAE one of the most lucrative places for buy-to-let investors, according to the ‘Property Finder Trends’ report, released bi-annually by the website.

Rental Goldmines in Dubai In terms of top spots for landlords, International City in Al Warsan Region offers the highest returns on investments with a 10.6 per cent gross rental yield. Other top spots that fared well in the area in the second half of last year include Discovery Gardens (8.6 per cent), Al Barsha (8 per cent), Barsha Heights or Tecom (7.9 per cent), Dubai Sports City (7.8 per cent) and Jumeirah Village Circle (7.6 per cent).

What is Gross Rental Yield

Gross rental yield is obtained by dividing the annual rent by the property’s purchase price and multiplying by 100. This is what a landlord can expect as return on his investment before taxes, maintenance fees and other costs. When buying a property, it’s important to calculate the yield. As a benchmark, a rental yield of 7 per cent or more is considered very good.

The lure of Villas & Townhouses The report also points towards more yield opportunities from newly constructed villas or townhouses in comparison to similar units in more established communities. Town Square leads the pack with the highest gross rental yield at 7.6 per cent, followed by Mudon (7.3 per cent), Reem (6.4 per cent) and JVC (6.3 per cent)

Homes in more established communities like Arabian Ranches offered lower yields of 4.9 per cent, Motor City (5.2 per cent) and Barsha (5 per cent). Lynnette Abad, Director of Data & Research – Property Finder, said “Overall, rental yields in Dubai are still regarded as being some of the highest around the world. More mature communities such as Dubai Marina, Downtown Dubai and the Palm Jumeirah stand at 6.3 per cent, 4.8 per cent and 5.3 per cent, respectively.”

Abu Dhabi Hotspots In nearby Abu Dhabi, Al Reef tops the list with the highest gross rental returns for flats at 8.8 per cent, while Al Ghadeer (7.8 per cent) and Yas Island (7.2 per cent) are in close competition. According to the report, Villas and townhouses in Al Ghadeer (6.9 per cent), Al Reef (6.4 per cent) and Al Raha Beach (6.1 per cent) are popular among yield-chasing investors in Abu Dhabi.

The post These Are The High Rental Yield Goldmines in UAE appeared first on Businessliveme.com.

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Abu Dhabi rent changes are the perfect reason to make your move

With rental prices dropping and a 3 per cent municipality fee now charged on rent, many tenants in Abu Dhabi are tempted to shop around for cheaper accommodation.

The number of searches for Abu Dhabi rental property on Propertyfinder.ae has increased by more than two-thirds over the past 12 months, the portal revealed, but given the high cost of moving, is it really be worth all the effort involved?

Few would dispute that rents in the emirate have been dropping, particularly for apartment dwellers. During the 12-month period until December 1, research by propertyfinder.ae found that apartment prices plunged by 11.6 per cent in the capital and 5.2 per cent for villas.

But with landlords reluctant to negotiate significant rent decreases with their existing tenants, it’s those who are willing to move who are snapping up the biggest bargains.

British housewife Janine Thompson and her family moved to a four-bedroom home in Al Raha Gardens in Nov­ember for Dh175,000.

“Sadly I just heard that the previous family had moved out of the house in July, because the landlord wanted Dh220,000,” she says.

Another Al Raha Gardens resident, admin assistant Sana Ghazal, from Yemen, says her annual rent increased by Dh7,000 last month and her landlord was unwilling to negotiate. But nevertheless, she and her family decided to stay put. “The increase wasn’t enough to justify costs and new deposits,” she says.

Ms Ghazal may well have been right to stay put. The cost of moving can be as much as Dh25,000 once you’ve factored in the commission that estate agents charge (usually 5 per cent of annual rent), Dh1,000 admin costs for signing a new lease and removals costs, which Alan Kaye, head of sales and leasing at District Real Estate, estimates to be between Dh6,000 to Dh15,000. But it’s also possible to pay much less.

When Orla Murray, an Irish occupational therapist, moved apartments in September, she avoided the Dh5,000 commission fee by dealing directly with a private landlord and only paid Dh1,000 for a closed 3-tonne lorry and three movers. “We did lots of haggling to bring the price down,” she admits. “With so many expats having left in the last year, business is down, so I was able to negotiate a better deal.”

Altogether, Ms Murray was able to save Dh40,000 on her rent by moving from one two-bedroom apartment in Al Raha Beach to a similar-sized property on Reem Island. “When renewal time came, we were offered the same rent as last year, which we challenged, and the landlord then dropped it by Dh10,000,” she explains. “But it was still very expensive given the current economic climate, so we decided to move. [Where we live now] is a cheaper place to live, but we like it just as much – and we were able to pay over four cheques.”

Bargain hunters need to first know which areas to look, as there are huge variations in the Abu Dhabi rental market depending on the area, says Mr Kaye. “Some luxury one- and two-bedroomed apartments, like those at the Eastern Mangroves, World Trade Centre and on Saadiyat Island, are still in quite high demand – the rents haven’t really changed there at all. On the other hand, you can now find a new one- bedroom flat on Reem Island for only Dh75,000. Some properties are being substantially reduced by individual landlords who don’t want their places empty.”

Mr Kaye references one prime development that has 85 empty apartments. “That’s the equivalent of an entire tower. Normally there are only about six flats avail­able,” he says adding that some landlords are now willing to accept 12 cheques over a year, just to get someone in.

In some cases, landlords prefer to lure tenants in by offering sweeteners, rather than dropping rents.

“Property management companies will give you a free month, no commission, shopping vouchers or a combination of the lot,” says Mr Kaye. “There’s a lot of availability at Sas Al Nakheel at the moment, so Khidmah, who manage properties there, are offering no commission and a free month’s rent.”

AlCharifa Yumen Al AlFadel says that when she was flat hunting, several landlords offered to fix the rental price for two or three years to entice the family into signing. The Syrian-French housewife spent four months with her husband and 18 month-old baby visiting more than 50 apartments in their search for the right home. Eventually, the family settled on a flat on Hamdan Street, which they moved into on Christmas Eve. Surprisingly, although they found “significant reductions” in rent prices across Abu Dhabi, their new flat is Dh85,000, which is Dh15,000 more expensive than their previous abode.

“Even though it was more money, it’s double the size of our last flat, and it’s all completely refurbished,” says Ms AlFadel. “I feel as though we’re saving money in the long term because we don’t have to worry about repairs.”

Some people, who want to take advantage of the sliding rents but don’t want to leave their existing neighbourhoods, have been enticed into moving apartments within the same complex.

“We moved from the 56th floor to the 50th floor in the same tower on Reem Island, to exactly the same style of apartment but bigger, for Dh21,000 less,” says Indian resident Narita Khan.

Mr Kaye claims that moving within the same building to save money isn’t unusual. “I’ve heard of people saving up to Dh25,000 by moving in the same block,” he says.

Others are moving to new buildings, but within the same part of town. The Jackson family was reluctant to move from their Reem Island neighbourhood, so when their landlord put up the rent on their two-bedroom flat from Dh152,000 to Dh160,000, they opted to move to a brand new three-bedroom flat also on Reem, for the same rent. “We’ve now got a fully integrated kitchen that’s so beautiful it looks like a woman designed it,” says Maggie Jackson, a Texan-New Zealand sales representative. “Plus an extra bedroom. I love the extra space.”

Ms Jackson says her former landlord is now after just Dh135,000 for her old apartment. “It should be about maintaining good tenants but they pushed us out,” she says. “Many people I know are also moving into bigger properties on Reem Island to get better value for money. People like living on Reem. The buildings are really nice, the facilities are good and you’ve got the convenience of the city – you can’t beat it. Staying here means the kids can continue going to the same school and we can maintain the same lifestyle.”

But those contemplating a move should be warned that the bargain season may be coming to an end. The reintroduction of the rental cap last month, which prevents rent from being increased by more than 5 per cent, has made some landlords reluctant to reduce the rent further, and Mr Kaye thinks the rental market will begin to bottom out this year.

“Previously we’d been saying to landlords ‘Look, it doesn’t matter how low you go this year, because next year you’ll be able to increase the rent.’ Well, obviously that argument doesn’t hold any more. Landlords are starting to think to themselves ‘If I can only increase the rent by up to 5 per cent, then it’s going to take some time before it goes back to where I really want it to be.'”

Shilpa Gorantiwar, a housewife from India, says that although her own rent was reduced by 5 per cent in September, she recently discovered that her landlord is now trying to rent out another flat in the same building for a higher price. “He stated that because the 5 per cent cap is back, he’s now increased the rent by 5 per cent, so it’s now the same price as it was in September 2015.”

But any effect on rental prices from the rent cap has to also be offset by the effect of the municipality fee, as well as rising water and electricity charges, on expats’ wallets.

The fee, announced last February but introduced at the beginning of this month, is payable by every expatriate tenant living in Abu Dhabi emirate and equivalent to 3 per cent of a tenant’s annual rent.

“Residents should bear in mind when they move homes within Abu Dhabi that they will still be liable for paying the municipality fee on their former property, which will be backdated from February 2016 onwards, although at the moment it’s unclear how the money owed on the previous property will be collected,” says Mr Kaye.

Ben Crompton, managing partner of Crompton Partners Estate Agents, thinks these factors will depress rents further by making tenants negotiate harder. “The market in 2017 will turn very sharply on government spending, as it always does in Abu Dhabi,” he says. “If spending either remains stagnant or they continue to cut jobs, then certainly we will see prices slide. This will happen in areas where there is higher delivery of new units, such as Reem Island and the Corniche.”

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Source: The National

Abu Dhabi rent changes are the perfect reason to make your move was originally published on JMM Group of Companies

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Abu Dhabi rent changes are the perfect reason to make your move

With rental prices dropping and a 3 per cent municipality fee now charged on rent, many tenants in Abu Dhabi are tempted to shop around for cheaper accommodation.

The number of searches for Abu Dhabi rental property on Propertyfinder.ae has increased by more than two-thirds over the past 12 months, the portal revealed, but given the high cost of moving, is it really be worth all the effort involved?

Few would dispute that rents in the emirate have been dropping, particularly for apartment dwellers. During the 12-month period until December 1, research by propertyfinder.ae found that apartment prices plunged by 11.6 per cent in the capital and 5.2 per cent for villas.

But with landlords reluctant to negotiate significant rent decreases with their existing tenants, it's those who are willing to move who are snapping up the biggest bargains.

British housewife Janine Thompson and her family moved to a four-bedroom home in Al Raha Gardens in Nov­ember for Dh175,000.

"Sadly I just heard that the previous family had moved out of the house in July, because the landlord wanted Dh220,000," she says.

Another Al Raha Gardens resident, admin assistant Sana Ghazal, from Yemen, says her annual rent increased by Dh7,000 last month and her landlord was unwilling to negotiate. But nevertheless, she and her family decided to stay put. "The increase wasn't enough to justify costs and new deposits," she says.

Ms Ghazal may well have been right to stay put. The cost of moving can be as much as Dh25,000 once you've factored in the commission that estate agents charge (usually 5 per cent of annual rent), Dh1,000 admin costs for signing a new lease and removals costs, which Alan Kaye, head of sales and leasing at District Real Estate, estimates to be between Dh6,000 to Dh15,000. But it's also possible to pay much less.

When Orla Murray, an Irish occupational therapist, moved apartments in September, she avoided the Dh5,000 commission fee by dealing directly with a private landlord and only paid Dh1,000 for a closed 3-tonne lorry and three movers. "We did lots of haggling to bring the price down," she admits. "With so many expats having left in the last year, business is down, so I was able to negotiate a better deal."

Altogether, Ms Murray was able to save Dh40,000 on her rent by moving from one two-bedroom apartment in Al Raha Beach to a similar-sized property on Reem Island. "When renewal time came, we were offered the same rent as last year, which we challenged, and the landlord then dropped it by Dh10,000," she explains. "But it was still very expensive given the current economic climate, so we decided to move. [Where we live now] is a cheaper place to live, but we like it just as much - and we were able to pay over four cheques."

Bargain hunters need to first know which areas to look, as there are huge variations in the Abu Dhabi rental market depending on the area, says Mr Kaye. "Some luxury one- and two-bedroomed apartments, like those at the Eastern Mangroves, World Trade Centre and on Saadiyat Island, are still in quite high demand - the rents haven't really changed there at all. On the other hand, you can now find a new one- bedroom flat on Reem Island for only Dh75,000. Some properties are being substantially reduced by individual landlords who don't want their places empty."

Mr Kaye references one prime development that has 85 empty apartments. "That's the equivalent of an entire tower. Normally there are only about six flats avail­able," he says adding that some landlords are now willing to accept 12 cheques over a year, just to get someone in.

In some cases, landlords prefer to lure tenants in by offering sweeteners, rather than dropping rents.

"Property management companies will give you a free month, no commission, shopping vouchers or a combination of the lot," says Mr Kaye. "There's a lot of availability at Sas Al Nakheel at the moment, so Khidmah, who manage properties there, are offering no commission and a free month's rent."

AlCharifa Yumen Al AlFadel says that when she was flat hunting, several landlords offered to fix the rental price for two or three years to entice the family into signing. The Syrian-French housewife spent four months with her husband and 18 month-old baby visiting more than 50 apartments in their search for the right home. Eventually, the family settled on a flat on Hamdan Street, which they moved into on Christmas Eve. Surprisingly, although they found "significant reductions" in rent prices across Abu Dhabi, their new flat is Dh85,000, which is Dh15,000 more expensive than their previous abode.

"Even though it was more money, it's double the size of our last flat, and it's all completely refurbished," says Ms AlFadel. "I feel as though we're saving money in the long term because we don't have to worry about repairs."

Some people, who want to take advantage of the sliding rents but don't want to leave their existing neighbourhoods, have been enticed into moving apartments within the same complex.

"We moved from the 56th floor to the 50th floor in the same tower on Reem Island, to exactly the same style of apartment but bigger, for Dh21,000 less," says Indian resident Narita Khan.

Mr Kaye claims that moving within the same building to save money isn't unusual. "I've heard of people saving up to Dh25,000 by moving in the same block," he says.

Others are moving to new buildings, but within the same part of town. The Jackson family was reluctant to move from their Reem Island neighbourhood, so when their landlord put up the rent on their two-bedroom flat from Dh152,000 to Dh160,000, they opted to move to a brand new three-bedroom flat also on Reem, for the same rent. "We've now got a fully integrated kitchen that's so beautiful it looks like a woman designed it," says Maggie Jackson, a Texan-New Zealand sales representative. "Plus an extra bedroom. I love the extra space."

Ms Jackson says her former landlord is now after just Dh135,000 for her old apartment. "It should be about maintaining good tenants but they pushed us out," she says. "Many people I know are also moving into bigger properties on Reem Island to get better value for money. People like living on Reem. The buildings are really nice, the facilities are good and you've got the convenience of the city - you can't beat it. Staying here means the kids can continue going to the same school and we can maintain the same lifestyle."

But those contemplating a move should be warned that the bargain season may be coming to an end. The reintroduction of the rental cap last month, which prevents rent from being increased by more than 5 per cent, has made some landlords reluctant to reduce the rent further, and Mr Kaye thinks the rental market will begin to bottom out this year.

"Previously we'd been saying to landlords 'Look, it doesn't matter how low you go this year, because next year you'll be able to increase the rent.' Well, obviously that argument doesn't hold any more. Landlords are starting to think to themselves 'If I can only increase the rent by up to 5 per cent, then it's going to take some time before it goes back to where I really want it to be.'"

Shilpa Gorantiwar, a housewife from India, says that although her own rent was reduced by 5 per cent in September, she recently discovered that her landlord is now trying to rent out another flat in the same building for a higher price. "He stated that because the 5 per cent cap is back, he's now increased the rent by 5 per cent, so it's now the same price as it was in September 2015."

But any effect on rental prices from the rent cap has to also be offset by the effect of the municipality fee, as well as rising water and electricity charges, on expats' wallets.

The fee, announced last February but introduced at the beginning of this month, is payable by every expatriate tenant living in Abu Dhabi emirate and equivalent to 3 per cent of a tenant's annual rent.

"Residents should bear in mind when they move homes within Abu Dhabi that they will still be liable for paying the municipality fee on their former property, which will be backdated from February 2016 onwards, although at the moment it's unclear how the money owed on the previous property will be collected," says Mr Kaye.

Ben Crompton, managing partner of Crompton Partners Estate Agents, thinks these factors will depress rents further by making tenants negotiate harder. "The market in 2017 will turn very sharply on government spending, as it always does in Abu Dhabi," he says. "If spending either remains stagnant or they continue to cut jobs, then certainly we will see prices slide. This will happen in areas where there is higher delivery of new units, such as Reem Island and the Corniche."

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flat for rent in reem island abu dhabi

This guide acts as a map that holds the secrets to the search for the best flat for rent in Reem Island Abu Dhabi. We’ll put you through the A & B of this island allure and a step-by-step guide on how to get the best rental house of your dreams.

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3 Places to Rent Apartments Under AED 1000K/Year (Abu Dhabi)

Only one place comes to mind when we think about stunning skyscrapers and breathtaking architecture: Abu Dhabi. Abu Dhabi, the UAE's capital, has established itself as one of the world's most modern and advanced cities. Aside from that, it is one of the wealthiest cities in the world, and the pleasures enjoyed by its residents reflect this.

In recent years, the housing market in Abu Dhabi has grown. However, finding inexpensive lodging is difficult in this city. If you're looking for furnished flats for rent in Abu Dhabi, your chances of finding them at a reasonable price are minimal. 

Having said that, certain villages, despite being located outside of the metropolis, have affordable housing options. The average annual Properties for rent in Dubai in these areas is still less than AED 1000,000. Continue reading to learn more about these towns and the services available:

Al Reem:

This region is ideal for investors and businesspeople. Because it is a natural island, your apartment's patio will provide you with breathtaking views of the water. The atmosphere is quiet and comfortable. It's close to Qasr Al Bahr and Mangrove National Park. This island is only 600 metres from Abu Dhabi's northern coast.

Al Reem Island has a lot to offer in terms of amenities and features. You can find everything here, from renowned shopping malls to entertainment venues, educational institutes to restaurants and cafes. It is a family-friendly location because of these features. A hospital with cutting-edge technology is also located in the region. It has two main bus stops, Al Reem Mall and City of Lights, and is well-connected to the city.

Khalifa City:

Khalifa City is the excellent choice for those who prefer to live a calm life away from the city's noise and bustle. The nicest aspect of living in Khalifa City is that you can still enjoy the metropolis's key attractions despite not being in the main city. The reason for this is its near proximity to the city's key attractions. The reason for this is its near proximity to the city's key attractions. From here, it takes only 20 minutes to go to Abu Dhabi International Airport. Yas Island and Al Raha Beach are also close by. Simply said, it combines the best of both worlds: city attractions and a tranquil setting.

It has world-class restaurants and cafes, including Khayal Restaurant, La Brioche, The Grille, Pizza Di Rocco, Gourmet Lab Restaurant, and others. Residents can go to Khalifa City Splash Park or Xpressions Style for fun. Central Mall and Khalifa A – Market Complex are the two largest retail malls in the area. Khalifa University Accommodation C, GEMs American Academy Abu Dhabi, Thales Khalifa, and Canadian International School Abu Dhabi are just a few of the high-end educational institutions in this neighborhood. Belhoul Specialty Hospital, Amana Healthcare Medical and Rehabilitation Hospital, National Rehabilitation Center, and Mediclinc Khalifa City are all excellent healthcare and medical institutions.

Al Khalidiyah:

Al Khalidiyah is a quiet Abu Dhabi neighborhood. It is around a half-hour drive from Abu Dhabi International Airport. The unique flavor of traditional Emirati style combined with modern luxuries that people experience here sets it apart from other places in Abu Dhabi. It's a busy, eye-catching region with plenty of conveniences and facilities. There are numerous restaurants serving a variety of international cuisines for foodies. Khalidiyah Mall has everything a shopper may want. Furthermore, there are various local shops in abundance in the region. Some of the best educational institutions include Playhouse Nursery, Young World, Gymboree, and Madi International Showroom. Al Khalidiyah Park, Cine Royal, and Sun and Dance Sport are all good places to go if you want to have a good time.

The London Consulting Medical Center Abu Dhabi and the SKMC Center for Diabetes and Endocrinology are two of the best healthcare and medical institutions in the area.

A Final Thought

After you've decided on a location, there are a slew of other considerations to make in order to make an informed decision. For listings in Abu Dhabi, you may also contact the specialists at Zoom Property. Whether you like apartments, villas, or houses, we can assist you in finding the ideal solution for you.