Abu Dhabi freehold owners experienced a 6% drop in service and community spending in 2023

Dubai: Abu Dhabi freeholders saw a 6 per cent reduction in their service and community charges during 2023, which combined represents a saving of Dh39.7 million compared to 2022 figures. This was confirmed by the Abu Dhabi Real Estate Center.

“The reduced rates encouraged investors and potential buyers of real estate in Abu Dhabi,” ADREC said in a statement. “These reductions are expected to streamline property management, reduce operating expenses, raise returns on property investments and maintain competitive prices for homeowners in Abu Dhabi, both locally and regionally.”