Dubai residential rents drop this year, says report
Dubai’s residential market contracted during the first quarter of 2017, with rental rates falling by an average of 1 percent quarter-on-quarter over the period, a new report reveals. CBRE’s latest Dubai Market View said the dip was driven by an increase in available housing options amid more constrained demand. Meanwhile, landlords are becoming increasingly flexible with rental rates and tenants are able to negotiate, CBRE added. Residential […]