Abu Dhabi rents to soar till 2010

Rents in Abu Dhabi will keep rising until the end of the decade, as demand for housing will continue to outpace supply, according to a report by the Abu Dhabi-based investment bank The National Investor. After a large number of projects are delivered in 2010, there is likely to be an oversupply that could threaten the value of the local housing market, the report said.