According to reports from the UAE newspaper, The National, 20% of the new residential properties being developed in Abu Dhabi, the capital of UAE, will be set aside to meet the housing requirements of Middle Income Group while the rent of a studio will be as minimum as Dh 25,200 per annum. Michael White, who is a senior planning manager at Urban Planning Council, Abu Dhabi, has mentioned that the initial set of homes which are being developed in sync with the new rules will be launched in the real estate market “probably within the next year or two”.

According to the council, out of the 73,000 homes slated to be constructed by 2013, 15,000 will be earmarked for middle income group. The rents will be somewhere around 35% of the income of the household. For those who want to enjoy reduced rent rates, the income should be within the upper ceiling of Dh 252,000.

Dubai Rentals