The requested research item does not exist. Please return to Research
The first quarter of the year continued to see subdued activity in Dubai’s real estate market. While residential rents remained relatively flat, sale prices saw a marginal decline across both apartments and villas. The retail market continues to be constrained by the slowdown in spending, restricting overall growth levels, while the delivery of more Grade A office space has limited rental growth in the office sector. The hospitality market saw RevPAR’s drop on an annual basis. While occupancy rates remain strong at 86%, the increase in supply continues to outstrip demand, placing downward pressure on average daily room rates.
Please fill out the form to download the report.
13 April 2015