The falling residential property rental and value in Dubai may continue until 2018,, Propertyfinder Group predicted in a post on its portal.
Dubai property prices fell by 20 percent while rental prices dipped by 21 percent in the 18 months to April 2017 causing interests from potential investors to build up, according to Propertyfinder Group.
“[It] is now possible to achieve net yields of up to 6.5 percent and net returns on equity of circa 10 percent for finance buyers using 75 percent loan-to-value mortgage products. This provides a great financial incentive to buy rather than rent,” Arabian Business quoted John Lyons, head of sales and leasing at Espace Real Estate, as saying.
Lyons said property investment in Dubai still poses risk, though.
“The inflationary risks of not buying should not be overlooked, particularly for anyone with a longer-term strategy in mind,” Lyons said.
Photo Credit: Wikipedia, courtesy of Alberto-g-rovi
