Abu Dhabi – MENA Herald: A study by Nationwide Middle East Properties (a leading real estate agency in Abu Dhabi) revealed a 5% rase in rental prices in Abu Dhabi throughout Q3/2015 compared to Q2/2015  due to higher demand for rental units. The study also revealed the movement that renters and agents are taking by moving their residency outside the city of Abu Dhabi, heading towards Mohammed Bin Zayed City and Khalifa City and other leasehold locations such as Al Reem Island and Al Reef Project.
Nationwide Middle East Properties CEO Ameen Al Qudsi said: “When it comes to rental destinations, Al Reem Island tops the list, followed by Ghadeer, Al Raha Beach, Al Reef, Hydra Village, Baniyas, Khalifa City and Saadiyat”.
During Q3/2015, yearly rental price for a studio at Al Reem Island ranged between 70,000 and 75,000 aed,  a 1 bedroom unit ranged between 85,000 aed and 105,000 aed, 2 bedroom unit ranged between 125,000 and 160,000 aed and a 3 bedroom unit ranged between 170,000 aed and 240,000 aed.
At Al Reef, the yearly rental price for a studio ranged between 60,000 and 65,000 aed, a 1 bedroom unit ranged between 80,000 aed and 85,000 aed, 2 bedroom unit ranged between 95,000 and 100,000 aed and a 3 bedroom unit ranged between 120,000 aed and 130,000 aed.
At Al Raha Beach, the average yearly rental price for a 1 bedroom unit is 95,000 aed, 145,000 aed for a 2 bedroom, 175,000 aed to 185,000 for a 3 bedroom unit and 235,000 aed for a 4 bedroom unit.
At Ghadeer, the yearly rental price for a studio ranged between 40,000 and 45,000 aed, a 1 bedroom unit ranged between 50,000 aed and 55,000 aed, 2 bedroom unit ranged between 70,000 and 85,000 aed.
At Al Saadiyat Island, the average yearly rental price for a studio unit is 95,000 aed, 110,000 aed to 115,000 aed for a 1 bedroom, 160,000 aed to 180,000 for a 2 bedroom unit and 225,000 aed to 250,000 for a 3 bedroom unit.
The study showed the continuing high demand rates in the real estate market in Abu Dhabi in Q3/2015 sales and purchases, in locations such as Al Reem Island, Al Reef and Al Raha Beach.
Nationwide Middle East Properties CEO Ameen Al Qudsi added: “The majority of sales in Abu Dhabi are towards Move-in ready buildings especially towers at Al Reem Island like The Kite Residences and The Wave”.
Al Qudsi highlighted the importance of the step the Abu Dhabi Urban Planning Council recently announced for the initial plan of Al Reem Island, which covers a total land area of 8.869 million square meters, with a total Floor Area about 20 million square meters.
As for the Q3/2015 sales destinations, Al Qudsi confirmed that Al Reem Island topped the list, followed by Hydra Village, Al Reef, and Al Raha beach, Ghadeer, Saadiyat and Golf Gardens.
A studio at Al Reem Island ranged between 880,000 aed and 1,050,000 aed, 1 bedroom unit ranged between 1,100,000 aed to 1,300,000 aed, 2 bedroom unit ranged between 1,500,000 to 1,900,000 aed, 3 bedroom unit ranged between 2,850,000 aed to 3,200,000 aed and a 4 bedroom unit ranged between 3,700,000 aed to 4,000,000 aed.
A studio at Al Reef is around 650,000 aed, 1 bedroom unit ranged between 850,000 aed to 900,000 aed, 2 bedroom unit ranged between 1,140,000 to 1,200,000 aed, 3 bedroom unit ranged between 1,450,000 aed to 1,500,000 aed.
A studio at Al Raha Beach ranged between 1,350,000 aed and 1,400,000 aed, 1 bedroom unit ranged between 1,400,000 aed to 2,100,000 aed, 2 bedroom unit ranged between 2,000,000 to 2,600,000 aed, 3 bedroom unit ranged between 2,600,000 aed to 4,500,000 aed and a 4 bedroom unit ranged between 3,300,000 aed to 6,000,000 aed.
A studio at Al Saadiyat Island ranged between 1,600,000 aed and 2,000,000 aed, 1 bedroom unit ranged between 2,400,000 aed to 2,700,000 aed, 2 bedroom unit ranged between 2,900,000 to 3,300,000 aed, 3 bedroom unit ranged between 3,800,000 aed to 4,200,000 aed and a 4 bedroom unit is around 5,000,000 aed.
A studio at Al Ghadeer ranged between 460,000 aed and 550,000 aed, 1 bedroom unit ranged between 650,000 aed to 725,000 aed, 2 bedroom unit ranged between 900,000 to 1,150,000 aed.
Al Qudsi pointed out the optimism towards the real estate market in Abu Dhabi, with the issuance of the regulating law for the real estate sector in Abu Dhabi. The law works on setting up a record for real estate development to save all data and documents related to real estate development projects and the introduction of «The Project Insurance Account».
The law also regulates and formalizes the authorized individuals such as the developers, brokers and employee broker and the seller at the auction and resident and surveyor, and rights and obligations between them.
The law will address the issue of selling on the chart, and through the introduction of record system called «Real Estate ID», in which all actions that respond to the real estate units sold are recorded on the chart.