Dubai's rental estate market is in a state of flux, thanks to scores of new residents landing in the city and thousands of ‘old-timers’ with leases up for renewal. Many of us feel settled in our current abodes, but according to property analyst CB Richard Ellis’s latest market report, we should shake things up to pay less and get more.Apartment rents have dropped 19 percent over the past year, and villas 10 percent: it’s even more of a renters’ market right now. Remember how in 2007 a one-bed apartment in International City cost AED65,000 (now AED25,000) and a two-bedroom villa in the Springs AED250,000 (now AED80,000)? Those were the bad old days.Now the market has opened up even more, we’ve scoured the city to find the best pads on offer (all available at the time of going to writing): from a hotel, to an affordable 10-bedroom villa.
From / Arabian Business News