In contrast to falling property prices, rent in Dubai remains steady, according to a representative from Dubai-based bank Emirates NBD. The average monthly rental price for apartments and houses is now around $1,800, up about 20 percent since last year, the report said.
In contrast to falling property prices, rent in Dubai remains steady, according to a representative from Dubai-based bank Emirates NBD. However, exact statistics concerning rent in the city are uncertain, with 68% of tenants surveyed by Emirates NBD noting a rent increase in August, despite a deceleration in letting growth.