Enjoying the rent rates so far?
Well, you’ve got a bit more time to keep saving, since rents are expected remain lower next year despite the recent progression in the economy and prep for Expo 2020.
Experts say that instead of higher rents due to Expo 2020, residents will actually pay less based on a supply-and-demand correction, lowered population growth and regional/global economic uncertainties.
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Expo 2020 doesn’t mean rent will necessarily increase in price
The decline in yearly rents is expected to continue for many areas, according to a real estate researcher at ValuStrat who spoke to The Khaleej Times.
Annual rents in Dubai dropped by 9.2% in the first THREE quarters of this year, while it was down by 8.4% last in 2018, and 9.1% in 2017.