Abu Dhabi real estate news & property listing

Many Abu Dhabi workers are commuting up to three hours in order to take advantage of lower rents.  Jones Lang Lasalle has issued a new report that states that a two bed apartment found in Abu Dhabi is now about 40 percent more than one of the same size and type in Dhabi.  Many of the workers are looking to live outside of Abu Dhabi because the rents are simply too high.

Discovery Gardens is becoming very popular with people who work in Abu Dhabi because the rents are so much cheaper. This is rather a reverse that Dubai saw in 2007. Many tenants moved to Sharjah because the rents were lower there in 2007-2008. Some of these tenants are now returning to Dubai and places such as International City. These are becoming more and more affordable due to a 30 percent decrease in rents in 2009.

Dubai Studio rents, such as in Jumeirah Lakes Towers, fell slightly in September from August, although many of the two and three bedroom villas and apartments saw no change. Many experts hope it’s the beginning of the end of the financial housing crisis that has griped Dubai in the past year.