The impending oversupply of residential apartments flooding onto the Dubai market has been well documented since the global financial crisis struck back in 2008. And now a glut of new skyscrapers are about to be released on the market, sparking fears over Dubai’s fragile residential property market.
In a sign of the times, landlords in International City on Dubai’s outskirts are offering discounts on deposits, rent-free months and added extras in a bid to defeat the summer lull that has sent tenancy enquiries into decline, Arabian Business reports……………………………………….Full Article: Source