Business Extra podcast: Why Dubai rent prices are falling
Broker data for this year shows how priorities have changed for tenants with price increasingly more important than location or anything else
Dubai rental rates continued a downward trend experienced during 2018, according to brokers. Asteco says there are now an increasing number of price-conscious tenants, irrespective of a property's location, size or quality.
However, year-on-year rents are down in most categories not only luxury. What is driving the prices to fall? Hosts Mustafa Alrawi, Assistant Editor in Chief and Chris Nelson, Assistant Business Editor delve deeper.
Also in this episode:
- A round-up of the business news you need know from thenational.ae. (0.50)
- How rents have fared in the different areas of Dubai this year. (1.52)
- The latest on US-China trade war. (7.39)
- And we speak with Jennifer Gnana, The National’s energy correspondent about the upcoming Opec meeting in Saudi Arabia amid a week in which part of the Kingdom’s oil installations came under attack. (12.41)
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Updated: May 16, 2019 03:31 PM