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Dubai: Abu Dhabi’s freehold property owners had a 6 per cent reduction in their service and community charges during 2023, which combined represents a saving of Dh39.7 million from 2022 figures. This was confirmed by the Abu Dhabi Real Estate Centre.
“The lowered fees incentivised investors and potential real estate buyers in Abu Dhabi,” said ADREC in a statement. “These reductions are anticipated to streamline property management, cut operational expenses, elevate returns on real estate investments, and uphold competitive pricing for homeowners in Abu Dhabi, both locally and regionally.”
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