Dubai rents continue to fall as supply outweighs demand

Report: Dubai rents continue to fall as supply outweighs demand

United Arab Emirates: Wednesday, November 03 – 2010 at 16:45

Landlords in newly-handed over buildings in Dubai are slashing rents by up to 30% below market rates in order to boost occupancy as the emirate’s supply pipeline continues to weigh heavily on the market, according to a new report by real estate consultancy Landmark Advisory.

via Report: Dubai rents continue to fall as supply outweighs demand | Dubai Property | AMEinfo.com.

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