Dubai, Abu Dhabi witness Residential rents drop
Date
7/27/2016 8:45:43 AM
(MENAFN) Residential rents in Dubai and Abu Dhabi has experienced a remarkable drop during the first six months of this year, compared to the same period in 2015, according to a report.
In detail, many housing options across Dubai have become much more affordable than they were in the last year, the Bayut report said.
Moreover, homeowners did not experienced much heat from declining rents as yields remained at attractive levels in both the main emirates of the UAE, the report added.
However, Rental apartments in Dubai offered owners an average yield of 6 percent in H1 2016 while those in Abu Dhabi returned 7 percent during the same half.
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