How you can really be “passive” landlord — profiting without doing any back-breaking work, taking any late-night phone calls, or dealing with any nightmare tenants.
A broad based recovery will be seen in all segments of Dubai real estate market in 2013, with prime office rents rising for the first time since 2008, according to Jones Lang LaSalle (JLL).
Alan Robertson, Chief Executive Officer, JLL MENA, said: “With an increase of 65 per cent in the number of transactions in 2012, the Dubai real estate sector will continue to shift up a gear in 2013, experiencing a broader based recovery on the back of continued economic growth.”
He added that Abu Dhabi remains 18 to 24 months behind Dubai with the market not expected to experience an upturn this year.
“The foundations are, however, being laid for a recovery from 2014, with a number of major infrastructure projects scheduled to start later this year.”
Total value of real estate transactions in Dubai crossed Dh143 billion in 2011. The Dubai Land Department is yet to officially…
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