Find out the latest residential comparison in the UAE

Find out the latest residential comparison in the UAEImage Credit: Supplied

While previously there was a strong trend of residents working in Abu Dhabi choosing to live in Dubai where rental rates were lower for, generally speaking, better-quality properties and communities, this trend has reduced significantly over the past two years because of three main reasons:

a) With the implementation of an Abu Dhabi Government decree in 2012 requiring government employees to reside in the capital so as not to forfeit their housing allowance, many commuters have relocated to Abu Dhabi.

b) With rental rates in Dubai increasing significantly, especially last year, the savings achieved by commuting are now negligible.

c) With new quality stock being developed in the capital, residents who preferred living in Dubai due to a better offering and lifestyle now have similar quality communities to choose from in Abu Dhabi.

• As of the second quarter, a two-bedroom apartment in Abu Dhabi goes for Dh126,000 on average, whereas Dubai rents stand at around Dh133,000. In comparison, rates in Sharjah, Umm Al Quwain and Ras Al Khaimah stand at Dh54,500, Dh27,000 and Dh50,000 respectively for similar-sized apartments.

Source: Property Weekly


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