{"id":7182,"date":"2015-09-29T12:41:44","date_gmt":"2015-09-29T09:41:44","guid":{"rendered":"http:\/\/www.amlak.net.sa\/?p=7182"},"modified":"2015-09-29T12:41:44","modified_gmt":"2015-09-29T09:41:44","slug":"%d8%a7%d8%b1%d8%aa%d9%81%d8%a7%d8%b9-%d8%a7%d9%84%d8%a5%d9%8a%d8%ac%d8%a7%d8%b1%d8%a7%d8%aa-%d8%a8%d8%af%d8%a8%d9%8a-%d8%aa%d8%ac%d8%a8%d8%b1-%d8%a3%d8%b5%d8%ad%d8%a7%d8%a8-%d8%a7%d9%84%d8%af%d8%ae","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/7182\/","title":{"rendered":"Rising rents in Dubai force low-income earners to flee to the emirate's periphery"},"content":{"rendered":"

\u00a0<\/span>Reports from Dubai indicate that developers have begun work on new real estate projects comprising a total of 19,500 residential units, while JLL estimates that only 22% of these meet the needs of middle-income earners, and CBRE estimates that approximately 70,000 new residential units will be completed in Dubai by the end of 2018\u2014more than double the number completed in 2013\u20132014, though this is less than the record high of 90,000 residential units set in 2007\u20132008<\/span>.<\/span><\/p>\n

In the same vein, Matt Green, Head of Research at CBRE Middle East, said, \u201cThese units are not being completed at a rapid pace, which is why we are seeing a significant negative impact on the rental market.\u201d <\/span>\u201c.<\/span><\/p>\n

The shortage of housing units suitable for low-income earners has led to rising rents and caused large numbers of tenants to flee to the outskirts of the city to live in less attractive and luxurious neighborhoods, far from their workplaces, or to the more affordable emirate of Sharjah, where housing costs are more affordable.<\/span><\/p>\n

Dubai\u2019s real estate market has experienced volatility over the past ten years, shifting from a boom to a slump, followed once again by a boom. Property prices and rents have stabilized over the past year but remain 50% higher than they were two years ago, according to Cluttons\u2019 estimates, and are expected to rise again by 2017 as Dubai prepares to host Expo 2020<\/span>.<\/span><\/p>\n

\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>\u00a0Reports from Dubai reveal that developers have started work on 19,500 new real estate projects, with JLL estimating that only 22% of these meet the needs of middle-income earners. CBRE estimates that around 70,000 new housing units will be completed in Dubai by the end of 2018, more than ... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[100],"tags":[],"class_list":["post-7182","post","type-post","status-publish","format-standard","hentry","category-residential"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u0633\u0643\u0646\u064a<\/a>","tag_info":"\u0633\u0643\u0646\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/7182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=7182"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/7182\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=7182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=7182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=7182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}