Dubai Rent Relief
There was only one community in Dubai that saw rents declining in 2014 compared with 2013, a new report by Asteco reveals.
The report disclosed that Discovery Gardens, one of the most affordable communities on Sheikh Zayed Road, saw rents falling by 2 per cent last year compared to 2013, but rents remaining 36 per cent below the highs of 2008.
Rentals for one-bedroom units in the community remained stable at Dh70,000 per annum (pa), while two-bedroom units declined to Dh80,000 pa from Dh83,000 pa.
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