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Rent prices for Dubai apartments to fall in Q3, says report |
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Written by Administrator
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Tuesday, 18 August 2009 14:30 |
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A new report from Landmark Advisory says that despite the fact that some landlords are still experiencing robust demand for higher-quality rented homes in premium locations, a further decline in residential rents during the third quarter of this year is likely. As evident from the latest sales and rental price lists, the sharpest decline is with apartments, the consultancy firm said. The combination of the economic downturn and a large quantity of high rise apartments that were completed in 2008 has resulted in an oversupply in this segment.
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