Tuesday, 10 June 2014

Sharp rent increases in the UAE can cause an imbalance in local economy | GulfNews.com

Sharp rent increases in the UAE can cause an imbalance in local economy | GulfNews.com:



"Only one-half of the UAE’s efforts to cool down the property market from overreaching itself has worked up to now — halting the sudden and sharp spike in asking prices for homes in freehold clusters.



The other factor that is creating an imbalance in the local economy — the rise in rentals — still has not been brought under control.



By the looks of it, bringing stability in the rental growth rates could take more time."



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