Dubai Rents to Continue Decline

Tuesday, 20th December 2016

As Dubai’s real estate market approaches 2017, property rents in Dubai will continue to drop, according to the latest market outlook by real estate company Core Savills on Monday.

Core Savills report expects residential rents to drop by as much as 4% over the course of 2017. Most communities and market segments in Dubai already witnessed drops during 2016.

On the other hand, the same report claims that sales prices are expected to see a gradual uptick due to landmark developments and infrastructure projects such as the Dubai Water Canal and Al Maktoum Airport while limited supply and sustained demand will also contribute to upward pressure on prices.

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