Realty Headwinds: Yields for Dubai's affordable homes set to decline | ZAWYA MENA Edition:
"Residential yields in Dubai's affordable market are expected to decline much faster than in the prime market, say a report released by real estate consultancy Core Savills. Over 2014-2016, the prime segment saw a combination of weakening prices but comparatively stable rents, encouraging a share of tenants to shift towards ownership. This drove down rental demand and gradually caused prices to stabilise over 2017. This caused yield compression by an average of 57 base points, representing a relative decline of 11.2 per cent across prime and mid-market communities during 2017."
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