The rates of leasing out properties in June have witnessed a huge dip when compared to the lease rates in April 2010. The surplus inflow of stock into the real estate market has attributed to such a scenario. Rents in the capital are coming down and will continue to do so, especially in the fourth quarter of 2010 and first quarter of 2011.
According to the Dubai lease guide from Landmark Advisory even though the low-quality buildings and other properties located in less renowned areas are victims to this decline in lease rates, the interesting part is that the quality properties in the most-wanted areas are still facing this decline.
No comments:
Post a Comment