Though some segments are said to be slowing, overall momentum and sentiment remain positive in the emirate's real estate market Properties are being sold faster than the new inventory coming to the market, especially in the price bracket of below Dh1 million. According to an analysis released by global real estate consultancy Knight Frank, there are fewer properties available for sale valued...
Rizwan Sajan says the Dubai real estate market faces a shortage of quality contractors A 10 to 20 per cent drop in rents is healthy for the Dubai property market following a four-year rally, said a top developer. Rizwan Sajan, founder and chairman of Danube Properties, expects a correction in rents next year after a double-digit increase since the Covid-19 pandemic. “Rental correction might...
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