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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Friday, November 14, 2008

Property Developers to Become Reliant on Increased Property Rents

Rentals rise in Dubai property market as owners seek liquidity
Property Wire - St. Albans, England, UK
Concern about the credit crunch has created a movement in the Dubai property market away from sales towards rentals, according to industry experts. ...
Now that more and more properties are being completed, property owners are looking to rent their properties to manage mortgage repayments. ...

1 comment:

Anonymous said...

This is called adaptation or they some would say fear. Adaptation because we have to be open to change in a changing environment. Fear because developers are just willing to get whatever deal they can manage. If the property can be sold they will sell it, if it can be rented them so be it.