Dubai rent declines to ‘intensify’; Abu Dhabi market conditions to worsen – report – ZAWYA

Dubai rent declines to ‘intensify’; Abu Dhabi market conditions to worsen – report – ZAWYA

dubai rent declines to 'intensify'; abu dhabi market conditions to worsen - report asteco warns full impact of coronavirus pandemic has yet to be felt    dubai, dubai marina, jumeirah, expo 2020 dubai, skyscraper, cityscape. image used for illustrative purposeresidential and commercial rent declines in dubai are likely to "intensify“, while market conditions in abu dhabi could "worsen“ with declining demand due to the coronavirus pandemic.in its latest market analysis, asteco, a real estate consultancy firm, cautioned against a rise in the repatriation of expatriates, as well as an increase in tenants downsizing, which could both have a negative impact on demand for accommodation.so far, leasing rates for apartments, villas and offices in dubai plunged by 13 percent, 10 percent and 13 percent, respectively, in june compared to a year earlier.in its latest market analysis, asteco, a real estate consultancy firm, cautioned against a rise in the repatriation of expatriates, as well as an increase in tenants downsizing, which could both have a negative impact on demand for accommodation.residential and commercial rent declines in dubai are likely to "intensify“, while market conditions in abu dhabi could "worsen“ with declining demand due to the coronavirus pandemic.so far, leasing rates for apartments,