- Luxury Areas to Rent Apartments
- Luxury Areas to Rent Villas
- Affordable Areas to Rent Apartments
- Affordable Areas to Rent Villas
It’s a well-established fact that Abu Dhabi has a thriving real estate market, with spacious apartments and well-planned villa communities across its urban landscape. The city offers an eclectic mix of luxury and affordable properties, catering to all sorts of renters. This report reveals how the rental sector of the capital has fared through the third quarter of 2023.
Here are some critical highlights from dubizzle’s analysis of Abu Dhabi’s rental market performance in Q3 2023:
- The average yearly rent for affordable apartments in Al Khalidiyah has increased by 11.11%, hitting the AED 60k mark. A significant increase in the affordable apartment category has been observed in the area, aligning well with the high rental demand during Q3 2023.
- A noticeable dip of 8.76% has been recorded in the annual rental prices of luxury apartments in Saadiyat Island, dropping to AED 125k from AED 137k recorded in Q2 2023.
- Khalifa City has been the most preferred choice for renters seeking affordable apartments in Abu Dhabi. Similarly, in the luxury segment, Al Reem Island has remained a top choice for apartment buyers in Abu Dhabi.
- Among the popular communities to rent luxury apartments in Abu Dhabi, Yas Island has recorded a significant hike of 12.94% in annual rental prices.
- Mohammed Bin Zayed City has remained the most popular option for those seeking affordable villas on rent. Whereas, Al Mushrif has turned out to be the most sought-after area for people looking for luxury villas on rent.
This Abu Dhabi Q3 rental market report 2023 covers affordable and luxury segments for apartments and villas separately. This categorisation allows easier tracking of the recorded rental trends and insights for tenants with different budgets and preferences.
Popular Areas for Renting Luxury Properties in Abu Dhabi
Following is the rundown of the most popular luxury areas with apartments and villas for rent in Abu Dhabi. The popularity order of the listed areas is according to the search trends recorded at dubizzle in Q3 2023.
Popular Luxury Areas to Rent Apartments in Abu Dhabi
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023 | STUDIO Avg. Yearly RentChange from Q2 2023 | 1-BEDROOM Avg. Yearly RentChange from Q2 2023 | 2-BEDROOM Avg. Yearly RentChange from Q2 2023 |
|---|---|---|---|---|
| Al Reem Island | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Al Raha Beach | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Corniche Area | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Yas Island | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Saadiyat Island | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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Al Reem Island
Al Reem Island has consistently topped the list of popular areas for luxury apartment rentals in Abu Dhabi. Easy access to incredible lifestyle and waterfront apartments with top-class amenities and facilities contribute to its popularity among the tenants. Tenants can expect to pay AED 77k average annual rent for renting apartments in Al Reem Island.
- The average rental prices of studio apartments have increased by 4.44% averaging AED 47k.
- The yearly rent of 1-bed and 2-bed apartments in the locality have averaged AED 59k and AED 88k, respectively.
Al Raha Beach
As a popular freehold area in Abu Dhabi, Al Raha Beach has emerged as a highly coveted neighbourhood with luxury apartment rentals. It is also ranked as one of the popular areas to rent luxury apartments in Abu Dhabi. The average rent for apartments in this beachfront development has increased slightly to AED 90k annually.
- The yearly rent of studio and 1-bed apartments in Al Raha Beach have recorded a moderate increase of 3.92% and 3.1%, averaging AED 53k and AED 67k, respectively.
- However, the average rent for 2-bedroom apartments has been around AED 101k after recording a slight decrease.
Corniche Area
Gaining significant traction in Q3 2023, Corniche Area has secured the third spot on the list of popular areas to rent a luxury apartment in Abu Dhabi. Corniche Area is centrally located near famous landmarks, supermarkets, shopping malls and beaches. This makes it one of the ideal choices for tenants.
After a 6.48% drop in asking rent from the previous quarter, the annual rent of apartments has averaged AED 101k.
- With a decline of 4.92%, the yearly rent for studio apartments in the Corniche Area has averaged AED 58k.
- Similarly, annual rent of 1-bed and 2-bed apartments have decreased by 1.37% and 5.45%, averaging AED 72k and AED 104k, respectively.
Yas Island has also remained a popular neighbourhood for tenants seeking luxury apartments in Abu Dhabi. The asking rent in the area has averaged AED 96k after a significant increase of 12.94% from Q2 2023.
Saadiyat Island is also a popular choice for tenants looking for luxury rental apartments in Abu Dhabi. With a dip of 8.76%, the yearly rent in the locality has averaged AED 125k.
Popular Areas with Luxury Villas for Rent in Abu Dhabi
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023 | 3-BEDROOM Avg. Yearly RentChange from Q2 2023 | 4-BEDROOM Avg. Yearly RentChange from Q2 2023 | 5-BEDROOM Avg. Yearly RentChange from Q2 2023 |
|---|---|---|---|---|
| Al Mushrif | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
| 5-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Al Raha Gardens | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
| 5-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Yas Island | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
| 5-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Al Bateen | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
| 5-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Saadiyat Island | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
| 5-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Not available due to low/no historical inventory or influx of off-plan properties | ||||
Al Mushrif
Renters seeking luxury villas in Abu Dhabi have shown a significant interest in Al Mushrif. Owing to its strategic location, close proximity to amenities and high-end property offerings, it is considered one of the popular areas to rent luxury villas in Abu Dhabi. The average yearly rent in the neighbourhood has been around AED 182k in Q3 2023, with a drop of 4.71% compared to Q2 2023.
- In Q3 2023, the average annual rent of 3-bedroom villas in the area has been AED 99k. On the other hand, the average yearly rent of 4-bedroom villas has been AED 160k after a drop of 5.33% from the previous quarter.
- There has been an upward trend in the average rent of larger villas. 5-bedroom villas for rent in Al Mushrif have averaged AED 208k, after a nominal increase of 1.46%.
Al Raha Gardens
Al Raha Gardens has been the second most searched locality for high-end rental villas in Abu Dhabi. Premium construction, spacious interiors with contemporary designs and outdoor spaces make villas in Al Raha Gardens a top choice. Besides, the neighbourhood has recorded a slight decrease in rental prices, averaging AED 176k per year.
- The average price of 3-bedroom villas for rent in Al Raha Garden has remained constant at AED 152k, the same as Q2 2023.
- Whereas, the rent of 4 and 5-bedroom villas have dropped slightly, averaging AED 167k and AED 224k, respectively.
Yas Island
One of the most popular waterfront communities in Abu Dhabi, Yas Island has ranked third among the preferred choices for renting villas. Alongside luxurious amenities and facilities, Yas Island links to golf courses, beaches and the most popular Yas Marina Circuit. During Q3 2023, the yearly rent for luxury villas in the neighbourhood averaged AED 306k.
- The average rent of a 3-bedroom villa has dropped slightly to AED 244k in Q3 2023.
- On the contrary, average yearly rent of 4-bedroom and 5-bedroom villas have increased by 5.42% and 5.52%, taking the price to AED 350k and AED 344k, respectively.
Al Bateen has secured the fourth spot on the Q3 2023 list of Abu Dhabi’s top areas to buy luxury villas. The average yearly rent in the neighbourhood has risen by 4.41%, from AED 204k in Q2 2023 to AED 213k in Q3 2023.
As a popular choice among Abu Dhabi renters, Saadiyat Island has claimed the fifth position. Luxury villas in the area have an average yearly rent of AED 497k, dropping 6.65% compared to the last quarter.
Top Affordable Areas for Rental Properties in Abu Dhabi
As per the trends on dubizzle, the average annual rent has seen a mixed trend, with an uptick in rental prices of some areas and a drop in others. Let’s walk through some of Q3 2023’s top neighbourhoods for renting affordable apartments and villas in the emirate.
Popular Areas to Rent Affordable Apartments in Abu Dhabi
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023 | STUDIO Avg. Yearly RentChange from Q2 2023 | 1-BEDROOM Avg. Yearly RentChange from Q2 2023 | 2-BEDROOM Avg. Yearly RentChange from Q2 2023 |
|---|---|---|---|---|
| Khalifa City | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Al Muroor | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Al Khalidiyah | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Hamdan Street | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Electra Street | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| STUDIO Avg. Yearly RentChange from Q2 2023
| 1-BEDROOM Avg. Yearly RentChange from Q2 2023
| 2-BEDROOM Avg. Yearly RentChange from Q2 2023
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Khalifa City
Khalifa City is the most searched area for renting affordable apartments in Abu Dhabi. Its ideal location near the Abu Dhabi Airport, is an add on to its popularity. Besides, Khalifa City is also easily accessible by public transportation and roads connecting the area to the city centre.
After an overall increase of 5.26%, the average rent stands at AED 40k a year.
- The yearly rent for a studio apartment in Khalifa City has averaged AED 29k, witnessing an upward trend of 3.57%.
- No change has been observed in the rental prices of 1-bed and 2-bed apartments, the yearly rent of which averaged AED 42k and AED 61k, respectively.
Al Muroor
Embracing new property developments and rental options, tenants have searched for apartments in Al Muroor in Q3 2023.
Renters can expect an annual rent of AED 43k on average, which has seen a 10.26% surge from the last quarter in 2023.
- The average yearly rent for studio apartments in Al Muroor has recorded a substantial increase of 10.71% and stands at AED 31k in Q3 2023.
- Likewise, experiencing a nominal increase of 2.5% and 1.89% in Q3 2023, the annual rent of 1-bed and 2-bed apartments in Al Muroor has averaged AED 41k and AED 54k, respectively. The affordable pricing of apartments ranks Al Muroor as one of the popular areas to rent 2-bed apartments under AED 80k per year in Abu Dhabi
Al Khalidiyah
In addition to Khalifa City and Al Muroor, users have also searched for Al Khalidiyah as it is one of the affordable areas. Besides, it is a popular area to rent apartments under AED 80k/year in Abu Dhabi.
After a hike of 11.11%, the average yearly rent stood at AED 60k in Q3 2023. From schools to attraction points and beaches to cycling tracks in Abu Dhabi, Al Khalidiyah has attracted tenants looking for budget-friendly apartments for rent.
- Based on Q3 2023’s rental trends, the annual rent of studio apartments in Al Khalidiyah has remained unchanged at AED 29k from the previous quarter.
- With a notable increase of 8.7%, the rental price of a 1-bedroom apartment has stood at AED 50k a year. Conversely, the asking rent of a 2-bedroom apartment in the area has averaged AED 63k a year after experiencing a drop of 5.97%.
Renters seeking affordable apartments have also searched for Hamdan Street in Abu Dhabi during Q3 2023. The average asking rent in the locality has witnessed a consolidated drop of 4.76%, reaching AED 60k.
Known for its bustling lifestyle, Electra Street has also made the list of top areas for affordable rental apartments in Abu Dhabi. In Q3 2023, the annual rent in the neighbourhood averaged AED 58k, after a 1.75% increase.
Top Affordable Areas for Rental Villas in Abu Dhabi
POPULAR AREAS | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023 | 3-BEDROOM Avg. Yearly RentChange from Q2 2023 | 4-BEDROOM Avg. Yearly RentChange from Q2 2023 | 5-BEDROOM Avg. Yearly RentChange from Q2 2023 |
|---|---|---|---|---|
| Mohammed Bin Zayed City | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Khalifa City | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
| 5-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Madinat Al Riyadh | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Al Reef | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
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| Shakhbout City | TRANSACTION PRICE Avg. Yearly RentChange from Q2 2023
| 3-BEDROOM Avg. Yearly RentChange from Q2 2023
| 4-BEDROOM Avg. Yearly RentChange from Q2 2023
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Mohammed Bin Zayed City
Mohammed Bin Zayed City tops the list of areas for renting affordable villas in the capital. With a minor increase in the overall prices, the average annual rent has been observed at AED 140k in the neighbourhood.
- In Q3 2023, the rent of 3-bed and 4-bed villas in Mohammed Bin Zayed City has increased by 2.17% and 0.76%, averaging AED 94k and AED 132k a year, respectively.
- In contrast, the annual rent for 5-bedroom villas in the area has dropped nominally to AED 151k.
Khalifa City
Besides affordable apartments, users have also looked for Khalifa City to rent budget-friendly villas in the capital in Q3 2023. The average yearly rent in the neighbourhood has been recorded at AED 166k.
- The annual rent of a 3-bedroom villa in Khalifa City has averaged AED 153k during Q3 2023.
- With a negligible drop, the rental price of a 4-bedroom villa averaged AED 153k. On the contrary, the average rent for a 5-bedroom villa has received an uptick to AED 170k a year.
Madinat Al Riyadh
Madinat Al Riyadh has emerged as the third most popular neighbourhood for renting affordable villas. The average annual rent in the area has increased by 3.87% to AED 161k.
- In Q3 2023, the asking rent of a 3-bedroom villa witnessed a 16.67% surge and averaged AED 126k.
- The yearly rent of 4-bed and 5-bed villas has averaged AED 143k and AED 163k during Q3 2023 after a slight increase.
With an average annual rent of AED 126k, Al Reef has secured the fourth position as a popular neighbourhood for affordable villa rentals in Abu Dhabi. During Q3 2023, rental prices of villas in Al Reef have seen a slight increase.
Shakhbout City, also called Khalifa City B, has been another popular choice among Abu Dhabi renters seeking affordable villas. A noticeable dip of 7.74% has been recorded in the average annual rent for villas in the neighbourhood, amounting to AED 143k in Q3 2023.
This marks the end of our detailed Abu Dhabi Q3 rental property market report and trend analysis. All of the notable highs and lows of the market have been elaborated to develop a deeper understanding of how Abu Dhabi’s rental sector fared through Q3 2023.
Besides, as an Abu Dhabi real estate investor, you should take a look at the following property market roundups.
- Areas Offering the Best ROI for Apartments in Abu Dhabi
- Villa Communities with the Highest ROI in Abu Dhabi
For more Abu Dhabi real estate market statistics and in-depth analysis, keep following dubizzle’s property blog.
Disclaimer: Note that the prices mentioned in the report have been fetched from the dubizzle search trends and may differ from the actual market trends. It is recommended to carry out thorough research before proceeding with the rental property hunt.
