Rents in some areas of the city are falling, according to the latest Real Estate Regulatory Agency’s (RERA) rent index. Compared to the last update in May, rents appear to have dropped six percent for studios and ten percent for one-beds in Downtown Dubai. Rents in affordable neighbourhoods such as International City have dropped eight percent (two-beds) and 12 percent (studios), alongside ten percent (studios) and just under nine percent (one-beds) in Discovery Gardens. Rents in locations including Dubai Marina, JLT and Silicon Oasis have remained the same.
Dubai rents fall
Rents in some areas of the city are falling, according to the latest Real Estate Regulatory Agency’s (RERA) rent index
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