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Dubai rents continue falling in August

Apartment rents in many parts of Dubai…

September 1, 2009 2:50 by



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.



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1 Comment

  1. Gardener on September 2, 2009 10:10 am

    The above should read as follows

    Rents at the Gardens (Jebel Ali – a Nakheel Development) has gone UP by a significant 20% wihout any explanation and must add that their maintenance has gone down to an all time low.

     

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