Dubai’s rental declines cool off in first quarter

Dubai: Residents expecting a further — and immediate — drop in rents need to be patient.

The rate of decline in rents seem to be stabilising… at least for the moment.

There seems to be some stability building up for rents, and the first such quarter in over two years.”

According to the report, units in International City and Discovery Gardens are showing the most signs of stable rents, while the upmarket clusters such as the Palm, Dubai Marina and DIFC are down 4.8 per cent from levels same time last year.