Rental market to remain tenant favoring

SourceZawya
SectorReal Estate
CountryUAE Top Picks

Sultan Bin Ali Al Owais Real Estate was established in 1972 and has grown to become a prominent real estate company since. The company operates as a holistic conglomerate with all functions of rental real estate like Facilities Management and Security under its own umbrella through its offices in Dubai and Sharjah. “We expect more risk for the luxury or premium residential segment where prices and rents will experience a downward trend in the near future,” Ms Haleema stated.Latest available data indicates that the average apartment rents fell by about 4% quarter-on-quarter basis and over 9% year-on-year basis so far. In the villa segment, rents fell 2.5% quarter-on-quarter basis and around 7% year-on-year basis in 2020 so far."Businesses will take time to recover while potential job losses, travel curbs and economic ...read more...