Dubai rents could decline up to 50%
Dubai: House rents in Dubai have been declining and could fall up to 40-50 per cent by the end of this year, depending on neighbourhoods as the market cools off, according to Dubai government officials.
"The rents have already begun to come down," Marwan Bin Galita, chief executive of Dubai's Real Estate Authority (Rera) told the media on Wednesday.
"Depending on the locations, this could range from 10, 20 to up to 50 per cent by the end of the year," he said.
http://www.gulfnews.com/business/Real_Estate_Property/10289575.html
but I'd like to see it happening in Qatar too. Inshallah?
"I do live by the motto that pessimists are usually right, but all the great change in history was done by optimists" -Thomas Friedman
Friend of mine just rented a studio apt for almost a third of what it was going for 5 years ago in Dubai.
It should. But not in the same proportion. Qatar is doing much better than Dubai.
in Doha? Do you think so?
"I do live by the motto that pessimists are usually right, but all the great change in history was done by optimists" -Thomas Friedman