rental rates
Rents and prices set to fall further in Abu Dhabi in 2017
Average residential rents and property prices in Abu Dhabi fell in 2016 and further declines are likely in 2017 due to new supply coming onto the market, the latest analysis report suggests. Apartment rents fell by 7% on average year on year and villas rents were down by 5% while average sale prices for both […] The post Rents and prices set to fall further in Abu Dhabi in 2017 appeared first on PropertyWire . Continue reading →
Property prices bottoming out in Dubai but rents still falling
Prices of property in Dubai were largely unchanged over the fourth quarter of 2016 with the market likely to be driven by owner occupiers and long term investors, according to the latest analysis report. Meanwhile, an increase in supply is likely to put downward pressure on rents in the emirate with rentals for both apartments […] The post Property prices bottoming out in Dubai but rents still falling appeared first on PropertyWire . Continue reading →
More affordable homes set to revive Dubai property market next year
Average property prices in Dubai are down by 4% compared with last year but the residential real estate market is expected to revive in 2017 driven by buyers wanting more affordable homes. This could be helped by developers increasingly targeting the affordable segment of the property market with smaller units and there are numerous report […] The post More affordable homes set to revive Dubai property market next year appeared first on PropertyWire . Continue reading →