Prospects for Dubai Rentals in 2011
... a continued decline in the rates of Dubai rentals in the first quarter of 2011. Some experts believe that this may not be true for all areas of Dubai. As Dubai is constantly facing the problem of oversupply, the rental prices in Dubai are not recovering. Landlords are facing heavy declines in Dubai property prices. This is basically due to mismatch between demand and supply. In such situation what can be the prospects for Dubai rentals in the coming quarters of 2011? According to a prediction, oversupply will continue to be a major hurdle in the recovery in the value of Dubai properties. Oversupply may daunt the stabilization and ... Dubai is constantly facing the problem of oversupply, the rental prices in Dubai are not recovering. Landlords are facing heavy declines in Dubai property prices. This is basically due to mismatch between demand and supply. In such situation what can be the prospects for Dubai rentals in the coming quarters of 2011? According to a prediction, oversupply will continue to be a major hurdle in the recovery in the value of Dubai properties. Oversupply may daunt the stabilization and recovery process in two forms: 1. Initiation of new projects 2. Completion of previously started development projects The areas suffering from oversupply include Jumeirah Village, down town Dubai ...
Tags: Dubai real estate | properties | rent | Dubai rentals | supply | demand |
Tags: Dubai real estate | properties | rent | Dubai rentals | supply | demand |