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Wednesday, 2 August 2017

Dubai’s freehold areas could see further rental drops | GulfNews.com

Dubai’s freehold areas could see further rental drops | GulfNews.com:

"Further declines in home rents across Dubai’s freehold clusters are projected before they start to stabilise at some of the more popular locations some time next year. But rents in secondary locations will continue to be under pressure, says a new forecast from Core Savills. As such rental changes seem to have had negligible effect on Dubai’s freehold demand. But what soft rents have managed to do is slow the recovery in sales values. “Although yields have contracted, they are still northwards of 7.5 per cent for most apartment districts and 5.5-6 per cent for mid segment villa districts — relatively higher than other forms of investments in the region,” the consultancy notes in the report."



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