The average annual apartment rents in Abu Dhabi fell 5% to $36,800 (AED135,000) in January 2016, according to a new report by Bayut.com.
The real estate website's report found average annual rents for studio apartments in the UAE capital to be $17,400 (AED64,000) in January, a 3.6% decline in value compared with December 2015.
One-bed and two-bed apartments saw respective falls of 1.3% and 4%, with average rents at $27,000 (AED99,000) and $37,000 (AED136,000) in the first month of the year.
Meanwhile, the average annual rent for three-bed apartments rose 2.3% to $52,300 (AED192,000).
And, the 4+ bedroom category saw the biggest decrease with rents falling 4.6% to $68,600 (AED252,000) in January.
Despite apartment rents witnessing declines, Bayut.com's report found average yields still offered a lot of value for investors averaging 7% across all bed categories.
Individually, studio apartments yielded an impressive 9.4% asset value, while 1-bed yields remained a little over 8%.
Two-bed and three-bed apartments returned yeilds of 7.3% and 7.4% on average, while rental yields for 4+ category stood at 4.64%.
According to Bayut's research trends, Al Reem Island, Al Raha Beach, Al Reef, Al Ghadeer and Saadiyat Island remained the top five localities for renting apartments in Abu Dhabi.