15 June, 2010

Rent drop in 2010

Arabian Business has an interesting analysis of the decrease in rent within Dubai this year...
"The cheapest annual rent in Dubai is as little as AED22,000 for a studio in the country clusters of International City, latest figures reveal. 
Landmark Advisory's rental guide for June also showed that one-bed apartments in Palm Jumeirah are now available for AED75,000, a 20 percent drop compared to March rents listed by Dubai's real estate regulatory agency.
The study by Landmark, which said on Monday that rents had declined in even the most sought after locations since April, also showed that a studio apartment in Dubai Marina now costs as low as AED38,000."
More here: Cheapest Dubai annual rent drops to AED22,000 (Arabian Business)

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