Prices for
rentals in Dubai continued to fall in the first quarter of 2019. From January to March rented
apartments and
villas in the emirate fell by an average of 3 percent compared to the last months of last year.
According to the Asteco report, the largest price drop in
rentals in Jumeirah Lakes Towers and Jumeirah Village, where annual rates are down 16 percent year-over-year. At Dubai Sports City and The Greens, prices fell 14 percent. The average annual decline in Dubai as a whole was 11 percent.
As for
villas, the largest drop in annual rates observed in The Lakes, Mirdif and Jumeirah Village areas - about 14 percent. The fall in prices in Dubai as a whole was 9 percent.
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