Dubai landlords get flexible to woo tenants - Khaleej Times:
Rent declines for residential properties in Dubai averaged five per cent for the last 12 months and 2.5 per cent on average quarter on quarter, estimates property consultants Cavendish Maxwell.
"Declines were more pronounced in International City, The Greens, Discovery Gardens and Al Furjan, averaging a 12-month change of more than six per cent. Rent declines are expected to continue in the second half of 2018 with new handovers planned across Dubai," says Moe Abeidat, chief technology officer, Property Monitor.
Approximately 3,700 residential units were handed over in Q2 2018, reckons Abeidat. The majority of handovers were in Jumeirah Village Circle (JVC), Damac Hills, Dubai Silicon Oasis and Al Nahda. For the remainder of the year, majority of the upcoming supply is in Business Bay, JVC and Downtown Dubai.
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