Most UAE occupants accept rents and property costs have nearly reached as far down as possible and will either settle or go up over the course of the following year, as per another study.
The investigation, delivered by Peninsula Research, showed that 53% of occupants anticipate that prices and rents should be steady or to go up in the following one year, a sharp turnaround from October 2020, when just 31% of respondents anticipated that prices and rents should either settle or rise.
“UAE renters are less confident that they will win further rent concessions from their landlords when their current lease expires… Throughout the last 12 months, a majority of renters have considered the rent they pay to be fair or good value. With further rent declines during 2020, this proportion has now risen to 81 percent of respondents,” said the Peninsula Research.
UAE property holders are likewise bullish on their possibilities, as per the study. Just 27% of respondents anticipate that prices should keep on declining, with 30% expecting value steadiness. The biggest gathering, 43%, anticipate that prices should ascend in the coming year.
This denotes a massively critical improvement in notion. In Q1 and Q2 2020, most mortgage holders expected value decays over the accompanying year.
Toward the finish of Q3 a year ago, reactions were divided into equal parts. The huge positive slant is likewise unmistakably shown in the differentiation somewhere in the range of Q4 and Q3 2020, said the overview.