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Dubai: Industrial real estate strong despite housing market

Posted on 22 September 2011

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


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