Abu dhabi rents edge up

Abu Dhabi rents rose 3 per cent in the second quarter of 2015 compared to the previous three months, according to new figures.

Data from MPM Properties show that rents have increased 10 per cent year-on-year, with a shortage of new supply expected to continue pushing up rates. In Q2 2015, 1,647 units entered the market, notes Gulf News, taking the year's total to 2,397 so far, with another 4,200 units expected to be completed by the end of 2015.