Dubai residential rent rates down 41%
by Shane McGinley
Wednesday, 03 February 2010
FALLING FAST: Rental rates in Dubai are dropping quickly, according to the latest report by CB Richard Ellis.
Residential rental rates in Dubai slumped 41 percent in 2009, according to the latest quarterly report released on Wednesday by real estate consultants CB Richard Ellis (CBRE).
The report noted that tenants are taking advantage of changing market conditions, and that
landlords are now offering “rent free periods, inclusion of service charges, and multiple cheques”.
“Prices are still holding in the historic residential areas of Bur Dubai and Karama compared to the newer residential districts such as Al Barsha,” the report added.
[Modificato da (sylvestro) 04/02/2010 22:47]