Arab Today, arab today decline in commercial rentals in abu dhabi
Last Updated : GMT 15:01:05
Arab Today, arab today
Arab Today, arab today

Decline in commercial rentals in Abu Dhabi

Arab Today, arab today

Arab Today, arab today Decline in commercial rentals in Abu Dhabi

Abu Dhabi - Arabstoday

Rental rates for the commercial real estate sector in Abu Dhabi have fallen for the past 12 months, but higher quality developments are likely to buck the downward trend for the remainder of the year, according to Cluttons. Rents for non-prime commercial real estate have fallen by as much as 15 per cent since the beginning of year in the UAE capital, however, the rate of fall is not consistent across all sub-markets, with higher quality developments proving to be more resilient and still attracting good levels of interest. “Within the commercial market, rents continue to soften particularly in secondary stock or non-prime developments,” said Paula Walshe, Associate Director Commercial Leasing at Cluttons Middle East, which will release their Abu Dhabi First Quarter Property Market Update next week during Cityscape Abu Dhabi. Walshe said while prime commercial space in Abu Dhabi should hold its value this year, capital values and rents for the emirate’s residential sector will continue to soften, due mainly to recent and impending handovers of new properties. “Within the residential sector, rents continue to fall across many submarkets especially in the new residential districts where thehandover of new apartments has happened this year, including Al Reem and Al Raha Beach.” Chris Speller, Group Director for Cityscape Abu Dhabi added: “The residential market has become very fractional in its nature, so it is individual properties rather than just areas that are performing well. Typically units in established locations are able to provide best return with very strong demand levels present, reducing risk to rental voids.”

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today decline in commercial rentals in abu dhabi Arab Today, arab today decline in commercial rentals in abu dhabi

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today decline in commercial rentals in abu dhabi Arab Today, arab today decline in commercial rentals in abu dhabi

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday