Falling Dubai rents hurt landlords’ profits?
With rents still falling, landlords’ investment returns could be feeling some kind of pressure
The days of making a quick buck from Dubai’s buy-to-let market are gone, with landlords now feeling the pressure from rental declines.
A new research by Propertyfinder Group indicates that a number of property owners are seeing a slight slump in their rental incomes, as falling rents drag down yields for apartments and villas.
Average rents across properties in Dubai have been in a downtrend as demand for accommodations fell, along with the decline in oil prices and job openings, coupled with a huge supply inventory.