Rents in Dubai are growing in different directions

In the second quarter of 2012, cost of rent for apartments and villas in Dubai rose by an average of 2% in the first half of 2012 grew by 5%, according to the online source of the Property-Wire , citing data from the consulting company CBRE. In these popular areas of Dubai like Emirates Living and Downtown Dubai rental rates for this period increased by 5-8%. In the district of Jumeirah Village price decreased by 5%, while in Dubai Sports City, Motor City and Business Bay indicators remained unchanged. According to specialists, the expected increase in the volume of supply in the emirate's real estate market will not affect the rental market rates, and the level will remain stable until in popular areas of Dubai the end of the year. HomesOverseas.ru