Dubai rents continue to slide
Complex Made Simple

Dubai rents continue to slide

Dubai rents continue to slide

Residential and commercial rents have fallen in Dubai since April, according to a new study by Landmark Advisory. Its report on the Dubai market for June showed that lower limits for a one bedroom apartment on the Palm Jumeirah were down 6% compared to its previous report two months ago. One bedroom properties in JLT fell by 10% while in lower quality areas such as International City, upper limits for both studios and one-bed apartments decreased on average by 22%. The report said the declines were mostly due to increasing supply. Villa lease ranges have been much more stable then apartment rates, although some areas are still experiencing declines. >>

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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