Bayut’s Annual Abu Dhabi Rental Market Report 2024
- At a Glance
- Affordable Apartment Rentals
- Luxury Apartment Rentals
- Affordable Villa Rentals
- Luxury Villa Rentals
With 2024 officially in the record books, it’s time to reflect on Abu Dhabi’s rental market performance throughout the year. Based on comprehensive data analysis and market research, Bayut’s Annual Abu Dhabi Property Rental Report 2024 goes in-depth on the evolving dynamics of the capital’s real estate sector, highlighting key trends in tenant preferences, price shifts and emerging hotspots for residential properties.
We have segmented the popular areas for rental apartments and villas into ‘Affordable’ and ‘Luxury’ categories to provide a more tailored view of the Abu Dhabi rental market.
Key Takeaways from the Annual Abu Dhabi Property Rental Report 2024
- The significant price hikes across both the affordable and luxury sectors indicate the continuation of a robust rental market in Abu Dhabi. For affordable apartments and villas during 2024, tenants showed most preference for Al Reem Island, Khalifa City and Mohammed Bin Zayed City. In regard to luxury apartment rentals, Al Raha Beach and Corniche Area were popular options, with Yas Island and Al Raha Gardens attracting the most tenant-interest for luxury villas.
- The affordable housing segment experienced rental increases averaging between 1% and 20% for apartments and 1% to 14% for villas. These increases can be attributed to the growing demand for affordable housing in Abu Dhabi.
- Abu Dhabi’s luxury apartment rental market also witnessed a surge. The higher demand for exclusive units caused luxury apartment rentals to rise by between 7% and 27%, particularly in Yas Island and Saadiyat Island.
- The luxury villa market in Abu Dhabi is also thriving, with price increases of up to nearly 20% in the most popular areas. Al Bateen witnessed the highest appreciation, with a 19.9% increase in the 6-bed category.
To identify consumer search and rental trends in the Abu Dhabi real estate market in 2024, our data analysts have compared the average asking rents advertised on Bayut in 2024 (excluding room share) to those observed in 2023.
Al Reem Island maintained its allure for affordable apartment seekers
Rental Prices for Affordable Apartments – Annual Abu Dhabi Property Rental Report 2024
POPULAR AREAS | STUDIO Avg. Yearly RentChange from 2023 | 1-BED Avg. Yearly RentChange from 2023 | 2-BED Avg. Yearly RentChange from 2023 |
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Al Reem Island | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
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Khalifa City | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
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Al Khalidiyah | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
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Al Muroor | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
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Al Shamkha | STUDIO Avg. Yearly RentChange from 2023
| 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
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- Al Reem Island, Khalifa City, Al Khalidiyah, Al Muroor and Al Shamkha emerged as the top choices for affordable rentals in Abu Dhabi, with 1% to 20% appreciation across the board.
- Al Reem Island reported 17% to 20% surge in rental costs for apartments. The average rent for one-bedroom apartments in the area rose by 19.5%, with studios in Al Reem Island rising by 19.2%.
- Other notable price increases included studio flats in Al Muroor and the one-bedroom rental apartments in Al Khalidiyah, where rents surged by 19% and 18.3% respectively.
Al Raha Beach solidified its position in the luxury apartment rental market
Luxury apartments for rent – Abu Dhabi Annual Property Rental Report 2024
POPULAR AREAS | 1-BED Avg. Yearly RentChange from 2023 | 2-BED Avg. Yearly RentChange from 2023 | 3-BED Avg. Yearly RentChange from 2023 |
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Al Raha Beach | 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
| 3-BED Avg. Yearly RentChange from 2023
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Corniche Area | 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
| 3-BED Avg. Yearly RentChange from 2023
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Saadiyat Island | 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
| 3-BED Avg. Yearly RentChange from 2023
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Yas Island | 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
| 3-BED Avg. Yearly RentChange from 2023
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Corniche Road | 1-BED Avg. Yearly RentChange from 2023
| 2-BED Avg. Yearly RentChange from 2023
| 3-BED Avg. Yearly RentChange from 2023
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- Al Raha Beach, Corniche Area, Saadiyat Island, Yas Island and Corniche Road emerged as the top locations for high-end apartments, as revealed in the 2024 Abu Dhabi Annual Property Rental Market Report.
- Luxury apartment rental prices in Abu Dhabi saw substantial growth of between 7% and 27%, with Saadiyat Island and Yas Island leading the way.
- The 1-bed apartments for rent in Saadiyat Island, 1-bed rental units in Yas Island and 3-bedroom apartments for rent in Corniche Road recorded the most prominent hikes of 26.4%, 25.2% and 19.3%, respectively.
- The significant increases of more than 25% in the 1-bed category reflect the heightened demand for upscale living in well-connected, premium locations.
MBZ City maintained its appeal to budget-conscious tenants
Property prices for affordable villas – Abu Dhabi Annual Rental Market Report 2024
POPULAR AREAS | 3-BED Avg. Yearly RentChange from 2023 | 4-BED Avg. Yearly RentChange from 2023 | 5-BED Avg. Yearly RentChange from 2023 |
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Mohammed Bin Zayed City | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
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Khalifa City | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
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Madinat Al Riyadh | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
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Shakhbout City | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
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Al Reef | 3-BED Avg. Yearly RentChange from 2023
| 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
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- Mohammed Bin Zayed City (MBZ City), Khalifa City, Madinat Al Riyadh, Shakhbout City and Al Reef stood out as the top choices for tenants seeking budget-friendly villa rentals according to the Abu Dhabi rental market report for 2024. Most areas reported increases of up to 14% in rental costs.
- The highest appreciation was reported for 3-bedroom villas for rent in Khalifa City, where the average price increased by 13.5%.
- While most areas recorded moderate surges in rental costs, Madinat Al Riyadh presented an interesting mix, with a slight decrease of 1.93% in 3-bed rents but a growth of 7.30% in 5-bed unit rentals.
Yas Island reinforced its status as a premier luxury villa destination
Luxury Villa Rentals – 2024 Abu Dhabi Annual Property Rental Market Report
POPULAR AREAS | 4-BED Avg. Yearly RentChange from 2023 | 5-BED Avg. Yearly RentChange from 2023 | 6-BED Avg. Yearly RentChange from 2023 |
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Yas Island | 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
| 6-BED Avg. Yearly RentChange from 2023
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Al Raha Gardens | 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
| 6-BED Avg. Yearly RentChange from 2023
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Al Mushrif | 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
| 6-BED Avg. Yearly RentChange from 2023
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Al Bateen | 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
| 6-BED Avg. Yearly RentChange from 2023
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Al Matar | 4-BED Avg. Yearly RentChange from 2023
| 5-BED Avg. Yearly RentChange from 2023
| 6-BED Avg. Yearly RentChange from 2023
|
Not available due to low/no historical inventory or influx of off-plan properties |
- Yas Island, Al Raha Gardens, Al Mushrif, Al Bateen and Al Matar emerged as the most sought-after locations for high-end villa rentals as per Abu Dhabi Real Estate Market Report 2024.
- Rental costs in these areas generally increased by 1% to 20%. The most significant price hikes of 19.9% were reported for 6-bed villas for rent in Al Bateen, showcasing its continued appeal for high-end living.
- The luxury villa market on Yas Island continued to observe the rental price increases of recent years, with 5-bedroom units increasing by 6.84%.
That concludes Bayut’s Abu Dhabi Rental Market Report for 2024. Stay tuned to MyBayut for all the latest updates on Abu Dhabi’s property market and in-depth insights on the emerging real estate hotspots across the UAE.
For more insightful statistical breakdowns of the UAE’s vibrant real estate market, check out Bayut’s Dubai Rental Market Report for 2024, which goes in-depth on trending rent prices in the emirate’s most sought-after areas.
Disclaimer: The above Annual Abu Dhabi Rental Report 2024 (MKTRPTYE2024) is based on prices for ready properties advertised by real estate agencies on behalf of their clients on Bayut.com (excluding room share) and is not representative of actual real estate transactions conducted in Abu Dhabi.