UAE real estate brokerage Stones has announced that its total revenue for 2021 surpassed AED365 million ($99 million) for the first time in five years backed by remarkable property sales transactions including leasing out of more than 100 properties.
Stones a leading independent real estate consultancy forecasts a 7 to 9 per cent increase in rent for the residential and commercial spaces and a 9 to 14 per cent increase in price for the luxury properties of UAE in the first quarter of 2022.
Residential and commercial spaces in the UAE are poised for a 7-9% increase in rent while luxury properties will see a 9-14% increase in price in the first quarter of 2022, forecasts Stones, a leading independent real estate consultancy.