Dubai real estate stability

Dubai: Up to 20% drop in rents ‘healthy’ for property market, says top developer

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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