Dubai rents continue falling in August
Apartment rents in many parts of Dubai…
September 1, 2009 2:50 by kippreport
Apartment rents in many parts of Dubai continued to decrease in August, according to a survey by Khaleej Times and property management firm Asteco. However, average annual rents in apartments in some places like International City, Discovery Gardens, Jumeirah Lake Towers, Deira and Dubai Marina have remained the same.
“Rents have only stabilized in the most sought-after developments, which offer higher quality, better location and amenities like retail components and other leisure facilities,” Ahmad Saidali, head of investment in Dubai for property consultancy CB Richard Ellis (Middle East) told Khaleej Times.