Affordable communities such as Discovery Gardens and International City saw rents falling 11 per cent and four per cent, respectively, in the second quarter 2011 compared to the first quarter, while upmarket locations such as Palm Jumeirah, Downtown Dubai and Jumeirah Beach Residence remained relatively stable, according to a new report.
Asteco, a Dubai-based property management company, said apartment rents fell two per cent on average for a number of areas across the emirate as large number of tenants started moving from two and three-bedroom apartments to townhouses, or small villas.
For more information visit Dubai real estate
0 comments:
Post a Comment