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New communities in Dubai will see more rental demand

Dubai Skyline

Compared to two years ago, apartment rents are more than 20 per cent cheaper. Residential rents in Dubai across categories continued to decline on the back of softer demand and pressure caused by upcoming supply, real estate surveys show. Analysts at Kamco Research said the highest declines in second quarter was witnessed in the affordable…

Dubai third most affordable city for prime property

Dubai-Burj Al Arab view

Prime residential property prices in Dubai fell 1.9 per cent in the first half of the year. Dubai ranks as the third most affordable major global city for purchasing prime residential property, according to the findings of a new survey by Savills. Savills’ World Cities Prime Residential Index shows that Dubai property prices have dropped…