News sourced from our association with Cavendish Maxwell
11 Jul 2018
Price and rent declines continued in Dubai residential market in Q2 2018
Rent declines for residential properties in Dubai averaged 5% for the last 12 months and 2.5 per cent on average quarter on quarter.
Rent declines were markedly steep in areas including International City (clusters), the Greens in Emirates Living, Discovery Gardens and Al Furjan.
Dubai residential rents declined at an average of 5% year on year in Q2 2018 as 'tenant's market' persists, said Cavendish Maxwell. Sarah Dea / The National
Agents expect further falls in Dubai rental values of up to 5 percent, according to the Property Monitor survey.
10 Jul 2018
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.
In comparison to mature markets such as the UK and Canada, rent to own (RTO) has not yet been cemented as a core market concept in Dubai.
06 May 2018
Residential property prices across Dubai registered a 12-month decline of two per cent on average while rents were down by up to 5 per cent in some key areas of the emirate