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Rents cool off in Dubai, Abu Dhbai
- United Arab Emirates: Monday, January 12 - 2009 at 09:24
The average cost of renting a one-bedroom apartment in Dubai rose by just four per cent last year and did not rise at all in the last three months, according to a new report by UAE-based property services firm Asteco, cited by The National. In Abu Dhabi, rents for units with two or three bedrooms also levelled off, although demand for smaller, less expensive homes pushed up prices for one-bedroom flats, the report said.
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StaffMonday, January 12 - 2009 at 09:24 UAE local time (GMT+4)
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