NO HALT IN DUBAI’S RENTAL UPTURN: The delivery of so many new homes through 2022 and the first three months this year should have slowed down the rate of growth in Dubai’s home rentals. But the numbers from Q1-23 show hardly any signs of that happening, with 20-30 per cent year-on-year gains becoming apparent at more properties. That’s the case for the Palm, the Downtown, the Dubai Marina and JBR. But these days, there’s no holding back for International City or the Discovery Gardens, two of Dubai’s affordable housing sub-markets. What can slow down the process? More homes are the obvious answer, and quite a few will be ready by yearend. Until then, tenants should remain patient. (Manoj Nair, Business Editor)
Gulf News Archive