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This is principally due to mismatch between demand and supply. In such scenario what may be the prospects for Dubai rentals within the coming quarters of 2011?
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Completion of previously started improvement tasks The areas affected by oversupply embody Jumeirah Village, down city Dubai, Spots City and many more. These well-known areas may be answerable for driving the rental costs decrease and lower. The have an effect on of the lower leases in these areas may be pervasive and this wave of lowering hire charges can even unfold out within the extra mature areas of Dubai. As a end result, so as to retain the tenants, all the areas of Dubai should maintain the rents lower. Some areas like Palm Jumeirah might see a slight decline in rental values as a result of oversupply would be less on this space within the coming quarters of …