Bayut’s Abu Dhabi Rental Market Report for H1 2024

• At a Glance
• Affordable Apartment Rentals
• Luxury Apartment Rentals
• Affordable Villa Rentals
• Luxury Villa Rentals

Abu Dhabi’s rental real estate market in the first half of 2024 exhibited promising growth in both the affordable and luxury segments. This Abu Dhabi Rental Market Report for H1 2024 looks at the key trends and patterns observed across major residential districts in the UAE capital for apartments and villas.

AT A GLANCE: ABU DHABI PROPERTY RENTAL MARKET H1 2024

The Abu Dhabi property rental market continues to impress, with both affordable and luxury sectors experiencing robust growth in the first half of the year. This upward trajectory reflects Abu Dhabi’s sustained appeal as a desirable place to live:

• Luxury segments saw the most significant rental increases of more than 20% for apartments and approximately 12% in the villa category.

• As per the 2024 H1 rental property market report for Abu Dhabi, rental costs in the affordable segment increased by up to 9% for apartments and 7% for villas.

• Mohammed Bin Zayed City and Khalifa City were the primary focus areas for tenants hunting for budget-friendly houses. Tenants in search of luxury homes showed preference for Yas Island and Al Raha Gardens.

• For apartments, areas like Khalifa City and Al Khalidiyah attracted the most tenant interest in the affordable segment, whereas Al Reem Island and Al Raha Beach were popular options for luxury apartment rentals.

To identify consumer search and rental trends in the Abu Dhabi property rental market H1 2024, our data analysts have compared the average asking rents advertised on Bayut during H1 2024 (excluding room share) to those observed during H2 2023.

KHALIFA CITY IS THE MOST PREFERRED AREA TO RENT AFFORDABLE FLATS IN ABU DHABI

PRICES FOR AFFORDABLE APARTMENTS IN POPULAR AREAS – ABU DHABI RENTAL MARKET REPORT FOR H1 2024

• As per the Abu Dhabi rental market report H1 2024, tenants looking for affordable accommodation picked Khalifa City, Al Khalidiyah and Al Muroor as favourites.

• Price appreciations of over 1% to 8% across popular districts suggest a growing preference for affordable flats in the capital, mainly the apartments for rent in Khalifa City and rental flats in Al Muroor.

AL REEM ISLAND SECURED THE TOP SPOT AMONG LUXURY APARTMENT RENTALS IN ABU DHABI

PRICES FOR LUXURY APARTMENTS – ABU DHABI RENTAL MARKET REPORT H1 2024

• Al Reem Island bagged the leading spot on the popularity index for high-end flats in Abu Dhabi.

• Al Raha Beach and Corniche Area making it into the top 3 spots indicates that the demand for waterfront properties is as strong as ever.

• The rents for luxury apartments in the most popular districts of Abu Dhabi increased by between 1% and 21%, with 1-bedroom flats in Saadiyat Island reporting the highest price rise.

Apartments for Rent in Abu Dhabi

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AED 150,000 Yearly

• 2 BEDS
• |
• 3 BATHS
• |
• 1237 SQFT

Parkside Residence A, Parkside Residence, Shams Abu Dhabi, Al Reem Island, Abu Dhabi, UAE

AED 125,000 Yearly

• 2 BEDS
• |
• 2 BATHS
• |
• 1073 SQFT

Water's Edge, Yas Island, Abu Dhabi, UAE

AED 120,000 Yearly

• 2 BEDS
• |
• 2 BATHS
• |
• 1079 SQFT

Water's Edge, Yas Island, Abu Dhabi, UAE

AED 41,999 Yearly

• 1 BED
• |
• 1 BATH
• |
• 1799 SQFT

Madinat Al Riyadh, Abu Dhabi, UAE

AED 165,000 Yearly

• 2 BEDS
• |
• 3 BATHS
• |
• 1209 SQFT

Mayan 1, Mayan, Yas Island, Abu Dhabi, UAE

AED 110,000 Yearly

• 2 BEDS
• |
• 2 BATHS
• |
• 1075 SQFT

Water's Edge, Yas Island, Abu Dhabi, UAE

AED 69,000 Yearly

• 2 BEDS
• |
• 2 BATHS
• |
• 1064 SQFT

Al Waha, Al Ghadeer, Abu Dhabi, UAE

AED 140,000 Yearly

• 2 BEDS
• |
• 2 BATHS
• |
• 1136 SQFT

Pixel, Makers District, Al Reem Island, Abu Dhabi, UAE

AED 129,999 Yearly

• 3 BEDS
• |
• 4 BATHS
• |
• 1765 SQFT

The Gate Tower 3, The Gate Tower, Shams Gate District, Shams Abu Dhabi, Al Reem Island, Abu Dhabi, UAE

AED 120,000 Yearly

• 2 BEDS
• |
• 2 BATHS
• |
• 1087 SQFT

Water's Edge, Yas Island, Abu Dhabi, UAE

MBZ CITY IS THE MOST POPULAR AREA FOR AFFORDABLE VILLA RENTALS IN ABU DHABI

TOP AREAS TO RENT AFFORDABLE VILLAS IN ABU DHABI – BAYUT REAL ESTATE MARKET REPORT ABU DHABI RENT H1 2024

• In the affordable segment, tenants searching for spacious houses were mainly inclined towards the peaceful areas of Mohammed Bin Zayed City (MBZ City) and Khalifa City.

• Rental villas in Mohammed Bin Zayed City, Madinat Al Riyadh and Khalifa City reported increases of up to 7% across the board. The most prominent appreciation was recorded for the 4-bedroom configuration in villas for rent in Khalifa City.

• Rental costs in other popular areas like Shakhbout City and Al Reef remained mostly stable.

YAS ISLAND IS THE MOST POPULAR AREA FOR LUXURY VILLA RENTALS

TOP AREAS FOR RENTING LUXURY VILLAS – H1 RENTAL MARKET REPORT FOR ABU DHABI

• The Abu Dhabi rental market report for H1 2024 highlights that luxury villas in Yas Island and Al Raha Gardens garnered the highest interest from tenants.

• Other areas of interest for tenants interested in luxury villa rentals include Al Mushrif, Al Bateen and Al Matar.

• Rents for villas in the luxury segment generally increased by up to 12% in popular districts. The highest price increases were for villas for rent in Al Bateen.

Villas for Rent in Abu Dhabi

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AED 135,000 Yearly

• 4 BEDS
• |
• 5 BATHS
• |
• 1937 SQFT

Arabian Style, Al Reef Villas, Al Reef, Abu Dhabi, UAE

AED 275,000 Yearly

• 5 BEDS
• |
• 6 BATHS
• |
• 5057 SQFT

Saadiyat Reserve, Saadiyat Island, Abu Dhabi, UAE

AED 390,000 Yearly

• 4 BEDS
• |
• 5 BATHS
• |
• 3808 SQFT

Redwoods, Yas Acres, Yas Island, Abu Dhabi, UAE

AED 160,000 Yearly

• 6 BEDS
• |
• 6 BATHS
• |
• 5497 SQFT

Madinat Al Riyadh, Abu Dhabi, UAE

AED 550,000 Yearly

• 4 BEDS
• |
• 6 BATHS
• |
• 7377 SQFT

The Dunes, Saadiyat Reserve, Saadiyat Island, Abu Dhabi, UAE

AED 280,000 Yearly

• 5 BEDS
• |
• 6 BATHS
• |
• 4131 SQFT

Noya Luma, Yas Island, Abu Dhabi, UAE

AED 200,000 Yearly

• 5 BEDS
• |
• 7 BATHS
• |
• 7496 SQFT

Al Muroor, Abu Dhabi, UAE

AED 103,999 Yearly

• 3 BEDS
• |
• 4 BATHS
• |
• 1872 SQFT

Desert Style, Al Reef Villas, Al Reef, Abu Dhabi, UAE

AED 209,999 Yearly

• 3 BEDS
• |
• 4 BATHS
• |
• 3883 SQFT

Noya Luma, Yas Island, Abu Dhabi, UAE

AED 175,000 Yearly

• 7 BEDS
• |
• 8 BATHS
• |
• 11735 SQFT

Madinat Al Riyadh, Abu Dhabi, UAE

Commenting on the findings, Haider Ali Khan, CEO of Bayut and CEO of Dubizzle Group MENA, said:

“Over the past six months, we have seen the Abu Dhabi real estate market grow, stabilise and then grow again. ADREC’s recent reports confirm that foreign direct investment is at an all time high in the capital. We can also see how Abu Dhabi has established itself as a strong contender among global property markets in the last 18-24 months. The diverse range of off-plan projects currently available in Abu Dhabi has significantly contributed to this heightened interest from international HNWIs and investors, particularly in the luxury segment.

With the government proactively bringing in more regulation and transparency, we can expect the properties in the capital to continue drawing both local and international interest. Demand has also remained high on Bayut throughout 2024 with traffic increasing steadily month on month, and we can expect this trend to continue into the second half of the year as well. ”

That concludes Bayut’s Abu Dhabi rental market report for H1 2024. The robust performance of the capital’s real estate market has attracted significant investor interest, as revealed in Bayut’s H1 2024 Sales Market Report for Abu Dhabi.

Stay tuned to MyBayut to learn more about UAE’s real estate market.

Disclaimer: The average prices in the above 2024 H1 rental market report for Abu Dhabi (MKTRPTH12024) are based on ready properties advertised by real estate agencies on behalf of their clients on Bayut.com (excluding room share). They are not representative of actual real estate transactions conducted in Abu Dhabi.