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Abu Dhabi office rents fall but supply keeps retail rents steady

Office rents in Abu Dhabi are coming under pressure as low oil prices force companies to cut back.

Rents for average top-class offices in Abu Dhabi fell 3 per cent in the second quarter of this year to Dh1,795 per square ­metre compared with the previous quarter, according to property broker JLL.

JLL found that grade-B office rents also fell 3 per cent during the three months to the end of June to Dh1,086 per sq metre as occupiers reduced requirements and relinquished space.