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Examples
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There has been strong demand for larger four bedroom units of around 400 square metres plus, 'said Hussein Safadi, General Manager - Jordan, Asteco.
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Qatar residential rents begin to stabilise, says Asteco Q2 report
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Dubai residential rental market stable in Q1, says Asteco
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Improved home financing and developers securing bank finance has allowed Jordan's real estate market to record the first quarterly growth since the downturn in the economy, according to a new report from the region's leading property management company, Asteco.
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Commenting on the office sector, Asteco CEO Elaine Jones said: "Landlords need to be competitive not by simply reducing rental rates but by offering value added services and incentives such as rent-free periods and properly managed buildings to ensure longevity of tenants."
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The Jordanian real estate market continues to decline at a minimal rate with some sectors of the market showing signs of rents and values stabilising, while sales activity remains flat, according to leading regional and international real estate services firm Asteco.
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According to Asteco, studios in Sharjah continued to out-perform other residential offerings as rents remained the same in the second quarter as the first with prices between Dh16,000 and
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Asteco appoints key industry experts ahead of 1200 apartments 'handover
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Asteco expects rental rates to continue to fall slightly due to businesses slowing down, companies downsizing and relocating to smaller offices.
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In the office sector, the rental market continues to decrease, albeit at a slower rate than in the previous quarter, says Asteco.
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