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Dubai rentals fall by 10pct in 2011

Posted on 09 January 2012

The average rentals in Dubai, Sharjah, and Ajman witnessed a decline of about 10 per cent last year, according to real estate experts. Last year, there was gradual stability compared with the sharp rental decline witnessed in 2009 and 2010. During that period, property prices dropped between 40 and 50 per cent compared to peak prices in 2008.

Sharjah accounted for the largest share of the decline, with residential rentals declining between 10 and 20 per cent, while the decline in Dubai and Ajman ranged between 5 and 10 per cent………………………………………Full Article: Source


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