The former president lashes out at his political opponents, calling them the 'enemy within'
In a research note, Al Mal Capital said, "rental yields remained flat in July versus June at a median rental yield of 6.8 per cent and compared to 7.8 per cent in July last year.
The report further said, "the year over year decline in rental yields has been driven mainly by higher prices as the median rent in Dubai has increased by roughly 23 per cent over last year levels."
Commercial properties showed a decline in the median rental yield to 11.9 per cent in July from 12.4 per cent in June. The seasonal slowdown continued in July with prices in the residential segment only increasing a moderate 0.7 per cent over last month. However the report pointed out that the office market remained "quite strong" recording a 3.7 per cent month on month increase.
Commenting on the outlook for the Dubai market it added that price performance in the real estate market "has already exceeded even our year-end target of Dh1,817 per square feet, published in the beginning of this year."
It added, "though Dubai has experienced significant yield compression (about 100 basis points) yields still have a bit to come down in our opinion (and) we still contend that yield compression will come from real estate price appreciation rather than declining rental prices."|
The former president lashes out at his political opponents, calling them the 'enemy within'
The rescue team stabilised the patient before initiating the evacuation process
Cardinals rank second only to the pope in the Church hierarchy and serve as his closest advisers
Norwegian doctor Gilbert, who had treated patients during the 1982 Israeli invasion of Beirut and later in Palestinian territories, speaks about his new mission
The Zadna Rating app will provide information about food establishments across 9,000 venues in the capital city
Competing at Japan's prestigious Taiheiyo Club in the Asia-Pacific Amateur Championship (AAC) has ignited the 17-year-old's determination for a breakthrough year ahead
Wait times can vary significantly based on the applicant's passport and the country from which they are applying
Lebanese Prime Minister Najib Mikati appealed to the international community to put pressure on Israel for a ceasefire