Residential rents in Abu Dhabi declined in the final quarter of 2009 but at a slower rate than at any point during the previous year, CB Richard Ellis said in a new report.

One-bed apartments showed the strongest performance with just a four percent drop compared to the third quarter with a typical property fetching AED90-130,000 per year.

But many sectors fell as a result of more affordable rental rates in neighbouring Dubai, the report said.

It added that further softening of rents were likely in 2010 as more new units enter the market.

arabianbusiness.com