Average rents in new projects in Abu Dhabi have started to increase following the decision to press all public sector employees to relocate to the UAE capital, property consultants Cluttons said.
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Rental prices in areas such as Raha Beach, Raha Gardens, Al Reem Island, Saadiyat and Al Reef have risen 10 percent to 25 percent over the last six months amid increased demand, Cluttons said in its Abu Dhabi real estate report.
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“The recent decree that all government employees, as well as those who work for government-affiliated companies, must live within Abu Dhabi has helped fuel residential property demand,” noted the report.
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“The Dubai to Abu Dhabi migration is expected to continue throughout 2013 as existing leases in Dubai expire,” it added.
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Read more: http://www.arabianbusiness.com/abu-dhabi-rents-pushed-higher-on-relocation-rule-488654.html
Dubai also has the honor to have a tallest building of the world. Now another construction is also going on in Dubai which is a great news for Dubai. I think that in future Dubai will be known to be the city tallest building in the world.
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