For the third quarter 2008 prices for rent in Abu Dhabi grew on 157%. This data was given by construction company Asteco. Experts think that it is situation connect with not enough level of offers on the local property market.

In company’s report is said that cost of rent in Abu Dhabi grew in average on 87% for the third quarter of current year in comparison with year-on-year. Price of 1 bedroom flat rent grew on 79%, 2 bedrooms – on 100%, 3 bedrooms – on 82%. Rent payment of some apartments grew on 157%.

Such high level of growth a lot of experts connect that government of Abu Dhabi informed about introduction the law “one villa – one family”.

siriys-info.com