Does renting still make sense in the UAE?

January 8th, 2015

To buy or not to buy – that is the question faced by many UAE tenants.

The economic recovery brought with it skyrocketing rents and property prices in Abu Dhabi and Dubai. But both began to stabilise earlier this year.

If increases in rents remain low, 2015 will be a “good year for renters”, according to Erik Volkers, senior consultant at CBRE.

But Ben Crompton, the managing partner of Crompton Partners estate agents in Abu Dhabi, forecasts a 5 to 10 per cent rise in rents in Abu Dhabi this year – which he says boosts the case to buy. read more

Source: The National

Categories: Dubai News | Tags: , , ,

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