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Dubai rents decline to result in yield compression
(MENAFN) Core Savills' recent market outlook showed Dubai rents to maintain their decline, consequently, a number of areas are to experience yield compression.
As soon as the year 2017 concluded, "a clear trend in residential sales prices remains elusive," according to the 2018 Dubai Investment Outlook.
The report also found that "in 2018, a variety of economic parameters in Dubai are beginning to face headwinds, with the real estate market facing its own particular challenges."
It continued "further rental reclines, the ongoing strength of the US dollar and the imminent - albeit probably limited inflationary effects of the introduction of VAT in the emirate are all expected to compress investment yields."
As soon as the year 2017 concluded, "a clear trend in residential sales prices remains elusive," according to the 2018 Dubai Investment Outlook.
The report also found that "in 2018, a variety of economic parameters in Dubai are beginning to face headwinds, with the real estate market facing its own particular challenges."
It continued "further rental reclines, the ongoing strength of the US dollar and the imminent - albeit probably limited inflationary effects of the introduction of VAT in the emirate are all expected to compress investment yields."
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