10 Most expensive cities to rent property: Where does Dubai rank?
Emirate registers quarterly fall of 0.6%
Rents for luxury properties in the emirate fell 0.6 per cent in the first three months of 2015, according to UK-based Knight Frank.
“The fall is in line with trends in the UAE’s wider non-oil economy, which grew at a notably weaker pace in the first quarter of 2015.
“This is likely to have hit confidence, and thus, tenant demand for luxury residential properties in the emirate,” the consultancy said in its Q1 2015 Prime Global Rental Index report.
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