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Dubai Rents Fall for the First Time in Three Years

dubai-rents-fallKey areas see decline, realty experts say rents will remain stable in 2015

Tenants can now breathe easy as realty experts predict residential rents to remain stable or fall slightly next year.

“Rents in Dubai are now close to their peak. They have risen 50 per cent in the last two years and the market is showing signs of slowing down. In the last three months, rents largely remained stable or dropped slightly in certain parts of Dubai. Even areas like Discovery Gardens, International City and Dubai Sports City which recorded particularly steep rent hikes over the last year saw marginal declines in October and November. Going forward, rents are likely to remain

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