Rent values across the office and residential sectors in Dubai, UAE continued to face a downward slope in the second quarter (Q2) of the year as Brexit brought slight uncertainty into the market, a report said.
Dubai caters to the
Eighty-two per cent of Dubai residents faced an increase in their rental costs when they last renewed their rental contracts in 2014, a report said.
Those who renewed their lease less than three months ago faced a smaller rate of
With 25,000 residential units slated for delivery in 2015, rental rates in Dubai, UAE, will be impacted further, a report said, noting however that the decline could be neutralised in the wake of an increased demand for accommodation.
The UAE’s real estate prices continued to rise in the first half of 2013, with Dubai posting its 16th consecutive monthly increase in property prices and rents, indicating steady and sustained recovery, a report said.
Villa rental rates in Dubai remained stable with no significant change in the first quarter of this year compared with the last quarter of 2009, said a report.
Apartment rental rates recorded a slight decrease of five per cent, largely due
Supply distortion has led to temporary rent stabilisation in some areas of Dubai, while in other parts rents are continuing to rise due to a lack of supply caused by removal of inventory and the summer season, says a report.