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Podcast: Business Extra
Episode:

Why rent prices in Dubai have been falling
Category: Business
Duration: 00:17:51
Publish Date: 2019-05-16 02:00:00
Description:

According to brokers, Dubai rental rates continued the downward trend experienced during 2018. Asteco noted “an increasing number of price-conscious tenants … irrespective of location, size or quality".

However, year-on-year rents are down in most categories not just luxury. What is driving the prices to fall? Hosts Mustafa Alrawi, Assistant Editor in Chief and Chris Nelson, Assistant Business Editor delve deeper.

In this episode:

  • A round-up of the business news you need know from thenational.ae. (0.50)
  • How rents have fared in the different areas of Dubai this year. (1.52)
  • The latest on US-China trade war. (7.39)
  • And we speak with Jennifer Gnana, The National’s energy correspondent about the upcoming Opec meeting in Saudi Arabia amid a week in which part of the Kingdom’s oil installations came under attack. (12.41)
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