UAE Tenants have the reason to cheer but not for the Owners

H

Harish

New Member
As per the recent report released by Asteco, the villa & apartment rents have been decreased by 2% and 3% in the Second Quarter with annual declines of 10% and 12% respectively. Though the government has implemented some rules like 100% foreign ownership of companies outside free zones, 10-year visa for investors & specialists etc.. still the effect isn't seen yet. It would be interesting how investors react to the current scenario
 
R

realdeals

Active Member
I thought I read about rents softening in another report as well but someone else on the forum was suggesting that property values were rising and demand was increasing - didnt make sense to me.
 
H

Harish

New Member
P

PostBrexitInvestor

Member
So are house/flat prices rising in value, leading to lower rental yields, or are rental yields simply under pressure? I am a little confused.
 
F

FWL

Member
So is the UAE property market moving up or down? I am confused :)
 
H

Harish

New Member
So is the UAE property market moving up or down? I am confused :)
Looking at the current scenario it seems moving down. But you can't judge by taking only the current scenario because every market faces this situation at one point in time. I feel, UAE is facing it now. The situation can be reversed at any time. Who knows? :)
 
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