Latest report shows worrying rent declines for apartments and villas in Dubai

[Nicholas Wallwork]

Buy to let investors with properties in Dubai will be dismayed that the latest report shows that rents in the*emirate have fallen in recent weeks in what real estate experts call a worrying trend.

Overall rents have fallen up to 22% since April with even the most sought after locations seeing declines,*according to the report from Landmark Advisory.

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[Fran]

The way I see it, fair price for two bedroom apartment in Downtown Dubai soon will be AED50 000. One bedroom will go for AED 35 000.
Studio in International City can go for something like 15 000 per year. Dubai Marina is cheaper than the Downtown Dubai area.

The full Landmark Advisory report was published online yesterday and you can google it.

 

[eyeC]

finding a 2BR flat 15 minutes from emirates mall cost no more than 50k now