New figures show apartment rents in Dubai still falling but villas prices stable or rising

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Nicholas Wallwork

Nicholas Wallwork

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Apartment rents in Dubai have fallen again in many areas in the past six months, according to the latest data to be published by the Real Estate Regulatory Agency, taking levels down by up to 30%.

The figures, revealed in RERAs latest index published on its website, show that the decline is slowing, between December 2008 and April 2009 rents dropped by up to 50% in some areas.



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