24.07.2009 - Dubai witnesses rent growth in select areas

From Zawya.com: Marginal rent growth has been seen in select areas such as Al Qusais, Arabian Ranches, International Media Production Zone (IMPZ) and Al Barsha, while other areas still have continued to register fall, said a new report. "Rent declines are largely due to a combination of increasing supply and weak demand for specific areas or developments," said Jesse Downs, Director of Research and Advisory Services, in a July leasing guide. ..........Full Article: Source

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