The residential rents continue to decline across Dubai, UAE, mainly due to weak demand and changes in housing budgets, which will have the starkest impact on high income housing, according to a report by property expert Phidar Advisory.
The average rental rates in Abu Dhabi, UAE, for apartments and villas fell by seven per cent and five per cent respectively during 2016 and are expected to soften further in 2017, according to leading consultancy Asteco.
The residential rents across Qatar fell by an average of between five and 10 per cent in 2016, thanks to a spurt in good quality ‘affordable’ accommodation in peripheral suburbs, according to a leading regional real estate firm.
The average residential rents in Oman's capital Muscat fell by 5.9 per cent during the first quarter of the year, said a report.
The decline was led by the villa market, leaving average monthly villa rents at just over R
Rents in Sharjah’s residential property market are set to continue to decline throughout 2016, following an average fall of 5.7 per cent during Q1 which has dragged the annualised rate of change in rents down to -8.3 per cent, according to
The sales and rental rates in Abu Dhabi's residential sector remained relatively flat during the third quarter of 2015, but the office market in the UAE capital was steady through out the period, said a report.
The residential rents in Dubai fell by two per cent during the third quarter of 2015, as a fresh supply of around 2,000 new units entered the market, said a report.
The capital values for completed apartment units fell nine per ce
Residential rents in Dubai, UAE, declined by 3 per cent in the second quarter of the year in the face of 6,750 new housing units that were delivered during the period, a report said.
The new supply of homes took the total Dubai re
With weak oil prices eroding Bahrain’s economy, the residential market remains at high risk of losing its momentum of growth, with declines likely towards the end of the year as demand starts to wane, a report said.