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Monday, 19 December 2016

New supply to lower Dubai suburban rents in 2017 | The National

New supply to lower Dubai suburban rents in 2017 | The National:
"Dubai rents are set to decline further next year with more than 20,000 new homes entering the market, brokers say.

After having fallen by up to 5 per cent this year in parts of Dubai, rents should drop by another 4 per cent in the suburbs next year amid the supply influx, according to the Core Savills 2017 forecast published yesterday.

Most of the new units are being built outside the city centre. The broker estimates that just 19 per cent of those homes – about 3,800 – are due to be built in the most established and central parts of the city next year."

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