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Dubai Rent Continues to Ease
Dubai Rent Continues to Ease
Rents ease in areas such as Al Barsha, Bur Dubai, Marina and Jumeirah Lakes Towers.
Dubai,
UAE,
United Arab Emirates
(pr4links.com)
20/08/2010
"Rents ease in areas such as Al Barsha, Bur Dubai, Marina and Jumeirah Lakes Towers."
Rents ease in areas such as Al Barsha, Bur Dubai, Marina and Jumeirah Lakes Towers.
Dubai, UAE- August 20, 2010 - In the recent years Dubai has been the leading hub for tourism as well as business. Every year many tourists as well as expats visit Dubai to spend vacation and for the work respectively. New Research shows that home and office rents continued to soften in the second quarter of this year in Dubai. This decrease in rental property in Dubai has attracted many people across the globe.
During the second quarter of this year rates of residential rentals in Dubai showed minimal movement over the previous quarter, said property consultants. This is indeed the good news for the locals of neighboring cities as well as expatriates who live in Dubai. Areas such as Al Barsha, Bur Dubai, Shaikh Zayed Road, Marina, Greens and Jumeirah Lakes Towers (JLT) saw rents drop as new supply came into the market. The highest drop in the freehold category has been in JLT and the Greens which saw lease rates easing by 40 and 36 per cent, respectively. This decline in occupancy and lease rates has attracted many tourists as well business investors to rent property in prime locations of Dubai at affordable rates. Among non-freehold locations, Barsha witnessed the biggest drop in lease rates with a decline for 44 per cent from the market peak. Property Consultant says, falling rentals have resulted in a continuing shift of tenants into Dubai from the northern emirates and also allowed them to have a better standard of living.
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Contact:
Shop 2, Al Bishri Building,
Al Barsha, Dubai, U.A.E
Dubai, UAE
Tel: 00971 (0) 44 327 866
Fax: 00971 (0) 44 327 865
http://www.moveindubai.com/
Email: alfrenzodubai@gmail.com
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Moving to Dubai is now very easy with the assistance of Move in Dubai
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