(MENAFN) With Dubai's home rent declines being extremely selective in terms of location, the city"s tenants could do with some help from speculators.
According to a new report on Dubai realty by Deloitte, "rental price decline could be exacerbated further if speculative investors who are unable to sell product for a satisfactory return instead decide to release units for rent".
But for that to happen in a way that is decisive, the pace of handover of completed properties should rise a notch or two. But going by available evidence that is unlikely to happen, or at least in the short term.
"Consultations with key developers suggest that a more realistic number (for handovers) will be approximately 10,000 units (this year)," according to the report.
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