Dubai housing rents to continue falling in 2020 – ZAWYA

Dubai housing rents to continue falling in 2020 – ZAWYA

Rental declines will also continue in northern emirates, as more supply is expected. Housing rents will continue to inch downward this year for tenants in Dubai and other parts of the country as more residential supply is expected to enter the market, according to property analysts.. Thousands of new units, mostly apartments, are expected to hit the Dubai market early this year, while the neighbouring communities in Sharjah, Ajman and Ras Al Khaimah are also expected to get additional residential supply.. Property rents and sales prices in the UAE have been declining since the fall in oil prices in 2014.. Property Monitor had previously reported in December that there are still 50,000 new units that are scheduled for completion in Dubai early this year, with apartments making up the bulk of the upcoming supply..